🌍 Overview
Global markets closed the day on a cautiously optimistic note, with European equities posting gains and US indices holding near record highs in late trading. Investor sentiment was buoyed by easing tariff uncertainties and robust corporate earnings, while attention shifts to the Federal Reserve’s next policy moves. Commodities saw mixed action, with gold maintaining historic highs and oil prices remaining subdued. The forex market reflected a softer US dollar, and cryptocurrencies continued their upward momentum.
📈 European Stock Markets – Closing Prices
Major European indices ended the session higher, reflecting broad-based strength across the region. Gains were led by the Euronext 100, Climate Europe, and Low Carbon 100 indices, while the pan-European STOXX Europe 600 also advanced.
| Index Name | Last Price | Day Change (%) |
|---|---|---|
| EURONEXT 100 | 1,597.29 | +0.64% |
| CLIMATE EUROPE | 2,055.70 | +0.66% |
| LOW CARBON 100 | 163.58 | +0.68% |
| NEXT BIOTECH | 3,080.93 | +0.06% |
| ESG 80 | 2,182.77 | +0.59% |
| REITSMARKET | 1,273.98 | -0.05% |
| CAC 40 (France) | 7,785.57 | +32.15 pts |
| FTSE MIB (Italy) | 42,123.09 | +187.67 pts |
| IBEX 35 (Spain) | 14,983.90 | +124.90 pts |
| STOXX Europe 600 | 550.20 | +2.31 pts |
🇺🇸 US Markets – Pre-Closing Update
As the US trading session approached the close, major indices remained near all-time highs, supported by strong earnings and easing trade policy risks.
| Index | Pre-Closing Price | Change (Points) | Change (%) |
|---|---|---|---|
| S&P 500 | 6,470 | +30 | +0.47% |
| Dow Jones | 39,200 | +80 | +0.20% |
| NASDAQ | 18,000 | +120 | +0.67% |
💱 Forex Market Overview
The US dollar softened against most major currencies, with the euro and pound both advancing. Technical indicators suggest continued positive momentum for several pairs.
| Pair | Price | Change % | Technical Rating |
|---|---|---|---|
| EUR/USD | 1.16981 | +0.21% | Strong buy |
| USD/JPY | 147.479 | -0.24% | Sell |
| GBP/USD | 1.3564 | +0.50% | Strong buy |
| AUD/USD | 0.65405 | +0.20% | Strong buy |
| USD/CAD | 1.37698 | -0.01% | Neutral |
| USD/CHF | 0.80570 | -0.08% | Sell |
| NZD/USD | 0.59711 | +0.30% | Strong buy |
🛢️ Commodities Update
Gold:
- Spot price: $3,361.96 per troy ounce
- December 2025 futures: $3,412.40 (+$13.40, +0.39%)
Gold remains at historic highs, supported by ongoing geopolitical and economic uncertainty.
Oil:
- Brent Crude: $65.57 per barrel (down $0.55, -0.83%)
- WTI Crude: $62.61 per barrel (down $0.56, -0.89%)
Oil prices continue to face pressure from recession concerns and lower demand forecasts.
₿ Cryptocurrency Market Snapshot
The crypto market extended its positive trend, with most major coins posting gains and trading volumes remaining robust.
| Coin | Price (USD) | 24h Change | Market Cap (USD) |
|---|---|---|---|
| Bitcoin | 121,748.79 | +1.78% | 2.42T |
| Ethereum | 4,718.36 | +5.06% | 569.55B |
| XRP | 3.2650 | +0.62% | 193.64B |
| Tether | 1.0002 | +0.01% | 165.06B |
| BNB | 840.88 | +1.52% | 117.12B |
- Global crypto market cap: $4.17–$4.22 trillion (up ~1.7–3.5% in 24h)
- Bitcoin dominance: 61.2%
- Ethereum dominance: 7.11%
- 24h trading volume: $80.2 billion
📰 Key Financial News
- Tariff Policy: Uncertainty around tariffs is fading, with new US tariffs (notably 100% on semiconductors) now in effect. Exemptions for US-based production are expected to limit the impact. The overall effect is seen as a near-term price increase rather than persistent inflation.
- Federal Reserve: With trade risks receding, market focus is on the Fed’s next move. The PCE inflation measure rose to 2.6% annualized in June, keeping the fed funds rate at a restrictive 4.3%. Markets are pricing in a likely rate cut as soon as September.
- Corporate Earnings: 82% of S&P 500 companies have beaten analyst estimates, with average upside surprises of 8.5%. Communications and technology sectors are leading earnings growth, both up over 20% year-over-year.
- Bond Market: Treasury yields rose after recent auctions, but the broader trend remains lower, with further Fed rate cuts expected to support bonds.
- Sector Highlights: The US services sector continues to expand, led by technology and financial services. International stocks are benefiting from a weaker US dollar, though caution is advised for developed-market large caps outside the US.
- Commodities: Gold remains a safe haven amid geopolitical turmoil, while oil prices are subdued due to recession fears.
- Outlook: Analysts expect economic reacceleration in 2026–2027, driven by fiscal stimulus, Fed rate cuts, deregulation, and easing trade tensions.
📝 Closing Commentary
Today’s session reflected a cautiously optimistic market environment, with equities buoyed by strong earnings and reduced trade policy risks. The focus now turns to the Federal Reserve and upcoming economic data releases. Investors are advised to maintain diversification and focus on quality assets, as volatility may increase in the near term.
El Mundo del Trading en los Mercados Financieros 