Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
U.S. stock index futures ticked higher Thursday evening, extending optimism after record closes for the S&P 500 and Nasdaq fueled by Alphabet’s strong quarterly results and upbeat AI outlook. However, broader gains were capped by steep declines in Tesla, IBM, Honeywell, and UnitedHealth following lackluster earnings and guidance.
S&P 500 Futures rose 0.1% to 6,408 points, Nasdaq 100 Futures added 0.1% to 23,393 points, and Dow Jones Futures climbed 0.1% to 44,947 points as of 19:34 ET. Paramount Global gained 1.4% in after-hours trading after the FCC approved its $8 billion merger with Skydance Media.
Alphabet’s second-quarter earnings surpassed expectations, signaling continued investment in artificial intelligence. The results boosted AI-linked stocks, with NVIDIA rising 1.8%. Sentiment was further supported after President Donald Trump signed three executive orders and unveiled a 90-part plan to accelerate U.S. AI development.
The S&P 500 closed 0.1% higher at 6,363.39, and the Nasdaq Composite added 0.2% to 21,957.96—both new record highs. The Dow Jones Industrial Average lagged, dropping 0.7% to 44,694.09, pressured by losses in IBM, Honeywell, and UnitedHealth. Tesla plunged 8% after CEO Elon Musk warned of “rough quarters” ahead as vehicle sales continued to decline. Intel also slid 3.7% and extended losses in after-hours trade following a disappointing forecast and new cost-cutting measures.
Investor caution persisted ahead of Trump’s August 1 tariff deadline, with hopes for additional trade deals tempered by weaker-than-expected manufacturing PMI data showing U.S. factory activity contracted in July. Nonetheless, overall business activity remained resilient, supported by a stronger services sector.
