US Futures Advance, European Indices Down, Waiting FOMC Rates Decision

# Market Movers: European Session – US Futures Advance, European Indices Down, Waiting For FOMC Rates Decision

**Note**: This analysis is generated during the European market session, with European markets actively open. All economic event times are in US Eastern Time (New York time). Nikkei 225 is closed.

## Major News

**Market Overview**

As the European markets remain active, US futures are showing modest gains, with the S&P 500 Futures up 0.13% at 6,414.25, Nasdaq Futures rising 0.21% to 23,502.00, and Dow Futures inching up 0.05% to 44,840.00. In contrast, major European indices are experiencing slight declines, with the DAX down 0.18% at 24,173.60, the EURO STOXX 50 falling 0.17% to 5,370.26, and the FTSE 100 decreasing by 0.44% to 9,095.81. The Nikkei 225 is closed, reflecting a minor decline of 0.05% at 40,654.70. Investors are closely monitoring corporate earnings, geopolitical tensions, and upcoming economic data as they navigate these market conditions.

**Market Reactions and Stock Movements**

The European stock market is responding to a mix of corporate earnings reports and economic forecasts. Notably, UBS has reported a net profit that exceeded expectations, driven by increased trading activity amid market volatility. This positive performance has bolstered investor confidence in the bank’s capacity to navigate challenging market conditions.

Conversely, Novo Nordisk shares have taken a hit, declining by 2.5% following a profit warning, which has raised concerns about the company’s future performance. Similarly, Starbucks is facing challenges, with same-store sales falling yet again, although CEO Niccol remains optimistic about a turnaround ahead of schedule. Despite these issues, Starbucks shares have seen a modest rise of approximately 1% this year, reflecting some investor confidence amid the struggles.

HSBC has announced a $3 billion share buyback following a second-quarter profit that fell short of estimates. CEO Georges Elhedery highlighted “structural challenges” affecting the global economy, including broad-based tariffs, which have contributed to market volatility. This share buyback may provide some support to HSBC’s stock, although the underlying economic concerns remain a significant factor for investors.

**Geopolitical Factors and Tariffs**

Geopolitical tensions continue to play a pivotal role in shaping market dynamics. The ongoing discussions regarding tariffs between the U.S. and China remain a focal point for investors, as U.S. Commerce Secretary Howard Lutnick indicated that trade negotiations are progressing on a separate timeline. This uncertainty has led to mixed trading in Asian markets and is likely influencing European sentiment as well.

Additionally, Singapore’s Deputy Prime Minister has expressed concerns about a potential slowdown in the second half of the year, noting that the U.S. remains “non-committal” about maintaining the current 10% tariff level on Singaporean imports. This ambiguity around tariffs could dampen investor sentiment and complicate trade relationships, particularly in Asia.

**Corporate Earnings and Strategic Moves**

Corporate earnings reports are providing insights into individual company performances and broader economic trends. UBS’s strong earnings have underscored the resilience of the financial sector amidst volatility, while HSBC’s cautious outlook highlights the challenges facing global banking institutions. The mixed performance of companies like Starbucks and Novo Nordisk illustrates the varying impacts of consumer demand and operational challenges across different sectors.

In the technology sector, companies are increasingly focusing on artificial intelligence as a means of enhancing efficiency and maintaining competitiveness. Google executives have emphasized the need for employees to become “more AI-savvy,” reflecting a broader trend in the industry as firms adapt to the rapidly evolving technological landscape.

Moreover, LG Energy Solution has signed a significant $4.3 billion battery supply deal, which may bolster its position in the growing electric vehicle market. This strategic move aligns with global trends toward sustainability and renewable energy, which are becoming increasingly relevant for investors.

**Current Market Overview**

Overall, the European market session is characterized by cautious trading amid mixed earnings reports and geopolitical uncertainties. While some companies are posting strong results, others are grappling with challenges that reflect broader economic concerns. The performance of US futures suggests a degree of optimism, but the slight declines in major European indices indicate that investors are still weighing the potential impacts of tariffs and economic data on market stability.

As the week progresses, attention will turn to the upcoming jobs report from the U.S., with Bank of America anticipating a below-consensus estimate for July’s nonfarm payrolls. This report could further influence market sentiment and trading strategies, as investors seek clarity on the labor market and its implications for monetary policy.

In conclusion, while there are pockets of strength in corporate earnings, the overarching themes of geopolitical tensions and economic uncertainty continue to shape the market landscape, prompting investors to remain vigilant in their strategies.

## Performances

### US Futures

The following table shows the latest price and daily performance of US futures.

**Note**:
– Prices are in USD.
– Daily Change (%) is calculated as (Close – Previous Close) / Previous Close * 100.
– ‘N/A’ indicates data not available.

### European and Asian Indices

The following table shows the latest closing price and daily performance of major European and Asian indices.

**Note**:
– Prices are in local currency or points.
– Daily Change (%) is calculated as (Close – Previous Close) / Previous Close * 100.
– ‘N/A’ indicates data not available.
– Nikkei 225 is closed during European session.

### FX Performance

The following table shows the latest exchange rate and daily performance of major currency pairs.

**Note**:
– Prices are the exchange rate (e.g., EUR/USD = USD per EUR).
– Daily Change (%) is calculated as (Close – Previous Close) / Previous Close * 100.
– ‘N/A’ indicates data not available.

### Commodities Performance

The following table shows the latest price and daily performance of major commodities.

**Note**:
– Prices are in USD per unit (e.g., per barrel for Crude Oil, per ounce for Gold).
– Daily Change (%) is calculated as (Close – Previous Close) / Previous Close * 100.
– ‘N/A’ indicates data not available.

### BTC and ETH Performance

The following table shows the latest price and daily performance of BTC and ETH.

**Note**:
– Prices are in USD.
– Daily Change (%) is calculated as (Close – Previous Close) / Previous Close * 100.
– ‘N/A’ indicates data not available.

## Economic Calendar of Today (Most Important Events)

The following table lists high-importance economic events for today, 2025-07-30, with times in US Eastern Time.

**Notes**:
– **Cur**: Currency associated with the event (with flag emoji).
– **Imp**: Importance (High, Medium, Low, None).
– **Actual**: Reported value (if available).
– **Forecast**: Expected value (if available).

On July 30, 2025, several high-importance economic events are set to impact financial markets, particularly during the ongoing European session.

Starting with the German GDP report released at 04:00 ET, the actual quarterly growth rate for Q2 was reported at -0.1%, aligning perfectly with market expectations. This stagnation in economic performance can heighten concerns regarding the Eurozone’s economic trajectory, influencing the EUR’s stability as European markets remain active.

At 08:15 ET, the ADP Nonfarm Employment Change report is anticipated, with forecasts predicting an increase of 77,000 jobs for July. This data point may provide insights into the health of the U.S. labor market ahead of the more comprehensive Nonfarm Payrolls report.

The U.S. GDP growth for Q2 will be released at 08:30 ET, with expectations set at 2.5%. A deviation from this forecast could lead to significant market reactions, particularly in USD trading.

The Bank of Canada will announce its interest rate decision at 09:45 ET, with the forecast holding steady at 2.75%. This decision could impact the CAD, depending on the accompanying statements regarding economic outlook.

The Federal Open Market Committee (FOMC) will convene later in the day, with the interest rate decision and statement scheduled for 14:00 ET. Market participants are closely watching for any changes to the current rate of 4.50% and insights on future monetary policy.

Overall, these events are pivotal in shaping market sentiment, particularly for currencies and commodities, as traders react to the evolving economic landscape.

## Remaining Economic Calendar Comment for the Week (Important Events Only)

This week, the financial markets are closely monitoring several key economic indicators set to be released on July 31, 2025, with all times listed in US Eastern Time.

At 08:00, the German Consumer Price Index (CPI) for July is anticipated to show a modest month-over-month increase of 0.2%. This data will be crucial for assessing inflationary pressures in the Eurozone, especially as the European Central Bank navigates its monetary policy.

Shortly after, at 08:30, the Core Personal Consumption Expenditures (PCE) Price Index for June is expected to reflect a 0.3% increase on a month-over-month basis. This metric is closely watched by the Federal Reserve as it serves as a key inflation gauge. The year-over-year figure will also be released at this time, and any deviation from expectations could lead to significant market reactions.

Additionally, the Initial Jobless Claims report, also at 08:30, is forecasted at 222,000. A higher-than-expected figure could indicate weakening labor market conditions, impacting investor sentiment.

Finally, the Chicago Purchasing Managers’ Index (PMI) for July is set for release at 09:45, with a forecast of 41.8. A reading below 50 indicates contraction, which could further influence market perceptions regarding economic health.

As the European market session remains active, traders are likely to react in real-time to these developments, particularly the inflation and labor market data, which could drive volatility in both the Euro and US Dollar.