📆 Tuesday, July 9
► European stocks faced declines today, with the Stoxx 600 index edging lower by 0.15% as the energy giant BP fell more than 3% due to a warning of up to $2 billion in second-quarter impairments. France's CAC 40 also continued to underperform following a resurgence of the left in weekend elections, leading to concerns about increased government spending. Dassault Systemes saw a drop after cutting its full-year earnings forecast. Investors remain cautious ahead of Federal Reserve Chair Jerome Powell's testimony to Congress later today.
► US stock futures trade near record highs, with S&P 500 futures rising 0.15% after the index set its 35th all-time high this year. Contracts on the Nasdaq 100 rose by about 0.2%. Market participants are keenly watching Powell's testimony for hints on the future interest rate path, with markets pricing in a 75% chance of a rate cut in September. US Treasuries remained steady, and the USD hovered near a one-month low.
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