📆 Friday, July 26
► European stocks are set for a subdued start, with the Euro Stoxx 600 futures up 0.4%. The markets are digesting mixed signals as traders await the Federal Reserve's policy decision next week. Notably, Mercedes-Benz Group’s earnings plummeted 19% in Q2 due to declining EV sales and weakened demand in China. In contrast, Eni increased its full-year profit guidance following better-than-expected Q2 profits. Spain's unemployment rate fell to 11.27% in Q2 from 12.29% in Q1, with employment growing significantly but remaining at low levels.
► S&P 500 and Nasdaq 100 futures are currently trading higher, paring Thursday's losses driven by tech sector weakness. Investors are focusing on the upcoming Personal Consumption Expenditures (PCE) data, which is crucial ahead of the Federal Reserve meeting next week. Economic growth in the US accelerated more than expected in Q2, indicating resilient demand despite higher borrowing costs. Inflation data remains a critical watchpoint, with the core figure expected to slow towards the Fed's 2% target on a three-month annualized basis.
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