Corporate stock market reports, US-EU trade deal, company news and geopolitics
Latest stock market news
• News about the US-EU trade agreement helped the stock market grow within 1%.
The XLV and XLI sectors were the leaders of growth.
Everything is calm in the morning.
The US dollar has fallen slightly.
Bitcoin is stable, and there is a correction in alt coins.
• Tokyo and Singapore stocks followed Wall Street's lead, hitting new all-time highs as the Trump administration struck trade deals with Japan, the Philippines and Indonesia, and the European Union and South Korea could be next.
• The EU and the US are close to a deal that would impose 15% tariffs on European imports and eliminate tariffs on some goods, according to European Commission officials. Meanwhile, Treasury Secretary Scott Bessent said US and Chinese officials would meet in Stockholm next week.
• Earnings season has begun in the U.S., with 23% of the S&P 500 companies reporting already. Of those, 85% have beaten Wall Street expectations, according to LSEG. The results of the “Magnificent Seven” — a group of high-performing tech stocks that have powered Wall Street for years — are taking center stage in determining the spending and revenues associated with artificial intelligence (AI).
• Not all sunshine. Nasdaq and S&P futures rose after Google parent Alphabet reported higher after-hours earnings and unveiled an expanded capital spending plan. Stock futures pointed to favorable openings across Europe.
• But it's not all rosy. Luxury goods giant LVMH is expected to report another drop in quarterly sales, adding to investor concerns about a prolonged downturn in the $400 billion market amid U.S. tariffs. The results are likely to show that there is no immediate resurgence in demand for high-end fashion in the key U.S. and China markets. French luxury group Kering reports next week.
• The White House said late last night that Trump would visit the Federal Reserve on Thursday, a visit that comes after his threats to fire Fed Chairman Jerome Powell rocked U.S. bond markets.
• The US continues to make its markets significantly more accessible to private investors.
• The House of Representatives has approved the All Investors Act of 2025, a bill to ensure equal opportunities for all investors. The law would require the SEC to develop a test that anyone could pass to become an accredited investor, regardless of their wealth or income.
• Demand for 40-year Japanese bonds falls to lowest since 2011 on fears of prime minister's resignation - FT
• Japan to buy 100 Boeing (BA) jets - White House.
• Shares of Japanese automakers rose sharply after Japanese Prime Minister Shigeru Ishiba said he would cut U.S. auto tariffs to 15% from the current 25%.
• Trump to allow China to buy H20 AI chips from Nvidia when China starts supplying magnets - Latnik
• Citadel sends letter to SEC Cryptocurrency Task Force opposing RWA stock exemptions,
demanding equal regulation for tokenized and traditional securities - TheBlock.
• China's share of container shipments from Asia to the US remained below 50% in June for the fourth month in a row
as exporters shifted to Southeast Asia due to US tariffs, - Nikkei. Total shipments fell 7.3% y/y.
• BYD delays mass production in Hungary. The Chinese company will delay mass production at a new plant in Hungary until 2026.
Instead, BYD will start production earlier at a new plant in Turkey, where labor costs are lower.
• Nikkei 225 rises to one-year high after US trade deal
• SpaceX in a letter to investors allowed for Musk's return to politics.
• PayPal (PYPL) will launch a global platform, PayPal World, to connect payment systems and digital wallets.
• Equinor's profit fell 19% in Q2 due to lower oil prices and a long outage at its LNG plant in northern Norway.
• Hershey (HSY) is raising its candy prices significantly due to high cocoa prices.
• SAP reports mixed
results Revenue: €10.61 billion (forecast: €10.63 billion);
EPS: €1.76 (forecast: €1.69).
SAP is the largest component of the DAX basket, accounting for ~15%.
• US stocks are starting to experience waves of “meme trading” (an indicator of growing euphoria) again.
After Kohl’s, GoPro and Krispy Kreme shares were pumping.
GPRO = +80%
DNUT = +45%
• Abivax (ABVX) Stock +400% on Phase-3 success of obefazimod; FDA NDA planned for 2026.
• Apple (AAPL), Google (GOOG) UK CMA could grant them “strategic market status,” which would increase regulation of their mobile ecosystems.
• Telix (TLX) -16% on SEC disclosure probe; despite +63% revenue, Jefferies cuts target.
• Nokia (NOK) -7%: 2025 profit forecast cut by €50–80 million due to dollar exchange rate and tariffs.
• Hilton (HLT) -2.2%: Below expectations; RevPAR weakens but adds 22,600 rooms.
• Amazon (AMZN) Closes Shanghai AI Center Amid U.S.-China Tensions, Restructuring
• Lockheed Martin (LMT) 2025 sales forecast: $73.75-74.75 billion; $1.8 billion in program expenses, focus on risk management.
• Capital One (COF) Expects +40bps to NIM after Discover deal; net loss due to accounting.
• Hasbro (HAS) Beats Q2 Earnings; 2025 Outlook: Revenue + Mid-10s
• Vicor (VICR) Estimates Gen 5 Power Module Market at $5+B; Rapid Revenue Growth on Demand for Energy Efficiency.
• The Trump family's WLFI continues to accumulate ETH, acquiring more than 6,000 ETH in the last 24 hours.
• Jack Dorsey announced that his company Square will allow merchants to accept BTC in its native form starting yesterday.
• Tether Ventures is a new venture arm of Tether. The arm is designed to invest in projects that advance decentralization, financial freedom, and technological innovation.
The focus is on blockchain infrastructure, fintech, AI, and privacy.
• CZ: Altseason index is rising, “FOMO season” is coming soon.
• FARTCOIN entered the top 10 tokens by open interest on futures exchanges. Researchers claim that 400 organizations were compromised as a result of the hack of Microsoft servers.
Yesterday, Microsoft blamed Chinese hackers for the hack.
• Short of the US dollar became the largest transaction for the first time — BofA. Interest in long gold has fallen by more than half since May.
Demand for EUR/USD is associated with the redistribution of capital from stocks, government bonds and the credit market.
In particular, due to the growing interest of global investors in euro instruments.
This is a trend worth closely monitoring — ING.
• Jim Cramer says he wants to "own" Bitcoin and Ethereum for his children because he sees them as a hedge against US government debt
Stocks after earnings:
GEV +15%
TMO +9%
GD +7%
BSX +4%
MCO +2%
T +1%
CME +1%
APH -1%
NEE -6%
FI -14%
Stocks Premarket After Report
NOW +7%
TMUS +5%
GOOGL +2%
CSX +2%
URI 0%
ORLY -1%
TSLA -4%
IBM -5%
CMG -10%
Key events likely to impact markets on Thursday:
- European earnings: LVMH, Deutsche Bank, BNP Paribas, Roche Holding, Nestle, Lloyds Banking Group.
- US earnings: Blackstone, Honeywell International, American Airlines.
- European Central Bank monetary policy meeting followed by comments from President Christine Lagarde.
- Preliminary PMIs for July for the eurozone, UK and US.
- European data: GfK Consumer Sentiment for Germany for August, GfK Consumer Confidence for UK for July.
- US data: Initial Jobless Claims, New Home Sales.
- Canadian Retail Sales.
Current Fundamental Reviews
• Bessent said they are in no rush to replace Fed chief.
Bessent: Trump said he will not fire Powell.
• Oil - EIA inventories:
CRUDE = -3.169M (expected -1.400M / previously -3.859M)
• The Bank of Japan will raise its key interest rate to 0.75% by the end of the year - analysts, RTRS poll.
• US - Existing Home Sales (June) = -2.7% m/m (exp. -0.7% / prev. +1%)
CNBC: Home sales fell in June as prices hit record highs.
• Eurozone - Consumer Confidence (July) = -14.7 (exp. -15 / prev. -15.3).
• Trump: "I will only lower tariffs if the country agrees to open its market. If not, the tariffs will be much higher! Japan's markets are now open (for the first time in history!) U.S. businesses will prosper!"
• The US and Japan have signed a large-scale trade agreement.
It provides for $550 billion in investment for Washington and a 15% tariff for Tokyo.
Trump said that Japan will open its markets to American cars and rice. Tariffs on steel and aluminum (50%) and defense commitments were not included in the agreement.
Japanese Prime Minister Shigeru Ishiba is resigning after a sharp drop in his rating and the loss of his parliamentary majority for the first time since 1955.
He will officially leave his post by the end of August, having completed trade negotiations with the US worth $550 billion.
Ishiba denies resigning.
• US and EU close to 15% tariff deal - FT
Goldman Sachs predicts 30% US tariffs on EU imports will cut eurozone GDP by 0.5% by the end of 2026,
increasing risks to growth.
• The US Olympic Committee has banned men from competing in women's events.
• The US State Department accused Europe of failing to respect freedom of speech and excessive censorship.
In a report in X, the department stated that citizens are being persecuted for criticizing the authorities in EU countries.
• Turkey has demonstrated its first hypersonic missile, the Tayfun Block-4.
It was presented at the IDEF 2025 international defense exhibition in Istanbul.
Tayfun weighs over 7 tons and has a speed of over Mach 5 (~6,000 km/h).
• Malta has decided to completely abandon the issuance of citizenship by investment and introduce a mechanism for granting it for merit or contribution to the development of the state, Malta Today reports.
• The Bank of England is considering abandoning plans to introduce a digital pound.
The head of the Central Bank prefers private payment innovations, not CBDC - BBG. The West has gone the way of stablecoins, and China has chosen CBDC. Although China will try to build private "bridges" between CBDC and stablecoins.
• Ships loaded with copper rush to US to beat Trump's 50% tariff - Bloomberg
• Obama may be held accountable for treason and attempted coup.
For the theory of a “Russian trace” during the 2016 elections – the head of national intelligence Tulsi Gabbard.