Market Movers European Session – European Indices Up, US Futures Advance, EURUSD Down, Gold Down

# Market Movers: European Session – European Indices Up, US Futures Advance, EUR/USD Down, Gold Down

**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 and Stock Movements**

As European markets remain active, major indices are showing positive momentum. The DAX is currently up 0.46% at 24,328.89, while the EURO STOXX 50 has gained 0.97%, reaching 5,404.09. The FTSE 100 is slightly up by 0.13%, standing at 9,132.57. In the U.S., futures are also trending upwards, with the S&P 500 Futures at 6,445.75 (+0.32%), Nasdaq Futures at 23,539.25 (+0.50%), and Dow Futures at 45,179.00 (+0.21%). Meanwhile, the Nikkei 225 closed down by 1.10% at 40,998.27, reflecting mixed sentiments in the Asian markets.

**Geopolitical Factors and Tariffs**

Recent developments in U.S.-EU trade relations have sparked optimism among investors. The announcement of a trade agreement between the U.S. and EU, which includes a 15% tariff rate, has provided initial relief, although it leaves Europe facing challenges. This agreement is seen as a step towards stabilizing trade relations amid ongoing global economic uncertainties.

In parallel, U.S. and Chinese negotiators are set to resume tariff talks in Stockholm, aiming to extend a truce that has kept tariffs from escalating sharply. These discussions are critical as they could influence global trade dynamics and investor sentiment. The outcome of these talks will be closely monitored by markets, especially given the potential for renewed tensions in U.S.-China relations.

Additionally, while the recent U.S. trade deal offers some relief to certain sectors, experts warn that Japanese automakers may still face significant challenges due to intensifying competition, particularly from China. This highlights the complex landscape of global trade where agreements can have varied implications across different industries.

**Corporate Earnings and Strategic Moves**

The corporate earnings season is ramping up, with a focus on the so-called “Magnificent 7” companies, which are expected to report results this week. Analysts are particularly optimistic about companies like Boeing, which is anticipated to halve its second-quarter losses compared to the previous year. This positive outlook is crucial as it reflects broader market confidence in the recovery of key sectors.

In the tech sector, Tesla has confirmed a significant $16.5 billion chip contract with Samsung Electronics, leading to a 3.5% rise in Samsung’s shares. This partnership underscores the growing demand for semiconductors and the strategic moves companies are making to secure supply chains amid ongoing global shortages.

Moreover, Alibaba is making strides in the AI space with the launch of its Quark AI Glasses, positioning itself as a competitor to Meta. This move highlights the increasing importance of AI in consumer technology and the competitive landscape shaping up in the sector.

**Current Market Overview**

Overall, the European market session is characterized by a cautious optimism fueled by recent trade agreements and upcoming earnings reports. The positive performance of major indices indicates a favorable sentiment among investors, despite underlying geopolitical tensions and trade uncertainties. As the week progresses, market participants will closely watch the outcomes of U.S.-China tariff discussions and the earnings results from major corporations, which are expected to provide further direction for market movements.

In summary, while the markets are currently buoyed by trade developments and earnings optimism, the geopolitical landscape remains complex, with ongoing tariff negotiations that could significantly impact future market conditions. Investors are advised to stay alert to these developments as they unfold.

## 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)

No relevant economic calendar events are scheduled for today, 2025-07-28.

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

This week presents a series of significant economic events that are poised to influence financial markets, particularly during the ongoing European session.

On July 29, the German GDP for Q2 is anticipated to show a slight contraction at -0.1%, reflecting potential economic headwinds in the Eurozone. A worse-than-expected outcome could exert downward pressure on the euro and European equities, given Germany’s status as a leading economy in the region.

In the U.S., the ADP Nonfarm Employment Change report is expected to reveal an increase of 82,000 jobs in July, which could indicate a stable labor market. This data will be closely watched ahead of the more comprehensive nonfarm payrolls report due later in the week.

The GDP growth rate for Q2 is projected at 2.4%, suggesting robust economic performance, which may bolster confidence in the U.S. dollar if actual figures align or exceed expectations.

The Federal Reserve’s interest rate decision, scheduled for 2:00 PM ET, is critical, with the market anticipating a hold at 4.50%. Any deviation from this expectation could lead to significant volatility in U.S. financial markets. Following the rate decision, the FOMC press conference will provide further insights into the Fed’s economic outlook and future monetary policy direction.

Additionally, the Bank of Canada will announce its interest rate decision, expected to remain at 2.75%.

Overall, these events are essential for shaping market sentiment and could lead to increased volatility, particularly in currency and equity markets, as traders react to the outcomes in real-time.