📆 Monday, July 29
► European equities rose at the start of the week. The Euro Stoxx 600 trades 0.25% higher following a positive session in Asia as anticipated by SmartTrader Chief Analyst Robert Lindner on Friday. Investors remain optimistic ahead of key central bank decisions from the US, Japan, and the UK. In corporate news, Koninklijke Philips NV rose in Amsterdam after better-than-expected second-quarter earnings, while Heineken dropped the most in a year following an €874 million impairment.
► US stock futures rose on Monday as well as investors anticipate key earnings reports from tech giants and the Federal Reserve's interest rate decision. The Dow is up by 0.2% in pre-market trading, similar to the S&P 500 (+0.2%) while th Nasdaq 100 is up by 0.4% currently. The Federal Reserve is expected to signal a rate cut in September during its meeting on Wednesday. Treasury 10-year yields declined 3-4 basis points to 4.165%. Despite lower yields, the USD is currently up (DXY at +0.2%). The focus will be on the Fed's interest rate decision, the nonfarm payrolls report, and key earnings reports from McDonald's, Microsoft, Meta Platforms, Amazon, Apple as well as energy giants ExxonMobil and Chevron.
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