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- Dow Slides on Financial Weakness:<\/strong> The Dow Jones Industrial Average sank 436.36 points, or 0.98%, to finish at 44,023.29 as disappointing earnings from major banks dragged the index lower. Wells Fargo fell over 5% after cutting its net interest income outlook, while BlackRock dropped nearly 6% on weak revenue. JPMorgan edged lower despite beating.<\/li>\n\n\n\n
- S&P 500 Eases From Record Highs:<\/strong> The S&P 500 slipped 0.40% to close at 6,243.76, pulling back from earlier intraday highs. The index faced broad-based selling pressure led by financials, materials, and consumer discretionary sectors.<\/li>\n\n\n\n
- Nasdaq Ends at Record With Nvidia in Focus:<\/strong> The Nasdaq Composite rose 0.18% to 20,677.80, hitting a fresh record close as Nvidia surged over 4%. The chipmaker announced plans to soon resume GPU deliveries to China, boosting sentiment across the sector.\u00a0<\/li>\n\n\n\n
- European Markets Weaken as Growth Concerns Mount:<\/strong> European stocks declined for a third consecutive session amid renewed tariff fears and uneven corporate results. The Stoxx 600 fell 0.37% to 544.96, while the FTSE 100 shed 0.66% to close at 8,938.32, after earlier breaching the 9,000 mark for the first time. France\u2019s CAC 40 dropped 0.6%, and Germany\u2019s DAX eased 0.4% with Milan\u2019s FTSE MIB down 0.66%. Investor mood soured as hopes for a swift EU\u2013US trade resolution faded, especially after US CPI confirmed rising inflation risks. Sector-wise, Barratt Redrow plunged 9.4% after missing annual home completion targets, while Ericsson lost 7.7% as tariffs weighed on profit margins. A rare bright spot came from Germany\u2019s ZEW survey, where economic sentiment improved to 52.7, beating forecasts of 50.3.<\/li>\n\n\n\n
- Asia-Pacific Markets Climb on China Growth Beat:<\/strong> Asian equity markets closed broadly higher on Tuesday, driven by stronger-than-expected economic data from China. The Hang Seng rallied 1.6%, while the CSI 300 held flat near 4,019.06. China\u2019s Q2 GDP rose 5.2% year-on-year, outpacing the 5.1% forecast but easing from Q1\u2019s 5.4%. Japan\u2019s Nikkei 225 gained 0.55% though the broader Topix was flat at 2,825.31. Japanese bond markets saw significant moves, with the 30-year JGB yield surging 14.5 basis points to a record 3.191%, ahead of elections later this month. South Korea\u2019s Kospi rose 0.41% to 3,215.28 and the Kosdaq surged 1.69%, helped by a 1% jump in the money supply in May. India\u2019s Sensex added 0.26% while the Nifty 50 advanced 0.45%, and Australia\u2019s ASX 200 rose 0.7% as risk appetite improved across the region.<\/li>\n\n\n\n
- Oil Falls as Sanction Fears Recede:<\/strong> Oil prices edged lower following President Trump\u2019s announcement of a 50-day deadline for Russia to end the war in Ukraine before sanctions take effect. Brent crude slipped 40 cents to $68.80, and WTI fell 32 cents to $66.66. Earlier gains faded as markets reassessed near-term supply risks. Analysts suggested the delayed timeline may prevent immediate tightening in global oil flows.<\/li>\n\n\n\n
- US Inflation Ticks Higher Amid Tariff Concerns:<\/strong> US CPI rose 0.3% in June, lifting the annual inflation rate to 2.7% from 2.4% the previous month. Core CPI increased 0.2% month-on-month and 2.9% year-on-year, matching estimates but marking the highest levels in four months. Economists warned of further price pressures ahead as Trump\u2019s 30% tariffs are set to begin August 1. Despite the data aligning with forecasts, markets grew more cautious. Meanwhile, the New York Fed’s Empire State Manufacturing Index staged a surprise turnaround, rising to +5.5 in July from -16.0 in June, pointing to renewed optimism in the industrial sector.<\/li>\n\n\n\n
- Treasury Yields Jump on Inflation Outlook:<\/strong> Bond yields climbed in response to the latest CPI figures. The 10-year Treasury yield rose 6 basis points to 4.485%, the 2-year gained nearly 6 points to 3.954%, and the 30-year yield rose to 5.015%. With inflation now at a four-month high, investors trimmed bets on near-term rate cuts and positioned more cautiously ahead of upcoming economic releases.<\/li>\n<\/ul>\n\n\n\n
FX Today:<\/strong> <\/p>\n\n\n\n
![\"\"](\"https:\/\/www.infinox.com\/global\/wp-content\/uploads\/sites\/5\/2025\/07\/Currency-Strenght-16July25.png\")
<\/figure>\n\n\n\n- \n
- EUR\/USD Slides Toward 1.1600 as Bearish Momentum Builds:<\/strong> EUR\/USD closed at 1.1602 on Tuesday, declining 0.54% after marking an intraday high of 1.1693 and a low of 1.1593. The pair registered its fourth consecutive daily drop and the steepest pullback since early April, extending a clear reversal from the 1.1900 region. The strong bearish candle confirmed growing downside pressure, with price now approaching key support at the 50-day SMA, currently at 1.1477. The structure has shifted decisively away from the bullish channel established through June, and further losses could be triggered by a close below 1.1600. If that level breaks, the 1.1500\u20131.1470 zone becomes the next major target for sellers.<\/li>\n\n\n\n
- GBP\/USD Drops Below 50-Day SMA as Uptrend Weakens:<\/strong> GBP\/USD settled at 1.3389 on Tuesday, down 0.28% on the day after trading between 1.3468 and 1.3379. The daily close below the 50-day SMA at 1.3499 marked a significant technical shift, pointing to early signs of trend exhaustion after a strong rally from March. Price action is now biased lower with a pattern of lower highs and lows forming. Immediate support lies at the 100-day average near 1.3266, while resistance has flipped to 1.3500. A deeper retracement toward 1.3200 could unfold if bulls fail to regain control this week.<\/li>\n\n\n\n
- USD\/JPY Pushes Toward 200-Day SMA Amid Bullish Breakout:<\/strong> The USD\/JPY pair ended the day at 148.85, gaining 0.78% after reaching a high of 149.02. Tuesday\u2019s advance marked the sixth straight session of gains and extended the breakout move from earlier this month. The pair is closing in on the 200-day SMA at 149.60, with additional resistance at the 150.00 mark. With price now above both the 50-day and 100-day SMAs, short-term momentum remains bullish. However, vulnerability exists if the pair fails to clear the 149.60\u2013150.00 zone convincingly.<\/li>\n\n\n\n
- USD\/CHF Holds Above 0.8000 but Remains Below Key Averages:<\/strong> USD\/CHF climbed 0.49% to close at 0.8018 on Tuesday after briefly dipping to 0.7953 during the session. The modest green candle reflects continued recovery from last week\u2019s lows near 0.7860, though momentum remains limited below the 50-day SMA at 0.8153. The broader trend still favours the downside, with lower highs intact and major moving averages trending down. A close above 0.8050 would improve the technical outlook, but failure to sustain above 0.8000 risks renewed selling.<\/li>\n\n\n\n
- AUD\/USD Slips Below Support as Near-Term Risk Builds:<\/strong> AUD\/USD closed at 0.6517 on Tuesday, down 0.42% after touching a high of 0.6576. The pair printed a second consecutive bearish candle and slipped below a short-term support shelf. While the broader trend remains mildly bullish with price still above the 50-day and 100-day SMAs, downside risks are rising. Failure to reclaim 0.6550 in coming sessions may trigger a deeper move toward 0.6440 or the trendline from March. A break above 0.6620 would be needed to restore momentum.<\/li>\n\n\n\n
- Gold Weakens Further as $3,370 Resistance Holds:<\/strong> Gold ended Tuesday at $3,330, falling 0.37% after failing once again to breach the $3,370 resistance level. The red daily candle featured a long upper wick, reflecting continued rejection at the top of the range that has capped price action for several weeks. Gold remains supported by rising 50-day, 100-day, and 200-day SMAs, but momentum is weakening. A close below $3,320 would shift bias toward the $3,290\u2013$3,270 support zone, while bulls would need a decisive break above $3,375 to reignite upside extension.<\/li>\n<\/ul>\n\n\n\n
Market Movers:<\/strong><\/p>\n\n\n\n
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- Nvidia Gains on China GPU Sales Optimism:<\/strong> Nvidia (NVDA) rose more than 4% after stating it hopes to resume deliveries of its H20 chips to China \u201csoon,\u201d providing a fresh catalyst for the stock as it continues to lead semiconductor gains in 2025.<\/li>\n\n\n\n
- Advanced Micro Devices Jumps as Chip Sector Rebounds:<\/strong> AMD shares surged over 6% as semiconductor stocks benefited from easing US restrictions on exports to China.<\/li>\n\n\n\n
- Arm Holdings Advances on Sector Momentum:<\/strong> Shares of Arm Holdings (ARM) climbed more than 2%, joining the broader rally in semiconductor names.<\/li>\n\n\n\n
- Citigroup Rallies on Solid Earnings Beat:<\/strong> Citigroup (C) rose more than 3% on strong trading and investment banking performance.<\/li>\n\n\n\n
- JPMorgan Edges Lower Despite Revenue Growth:<\/strong> JPMorgan Chase (JPM) declined 0.7% after raising full-year expense guidance.<\/li>\n\n\n\n
- Crypto Stocks Drop as Legislative Vote Fails:<\/strong> Riot (RIOT), Marathon (MARA), MicroStrategy (MSTR) and Coinbase (COIN) all declined after crypto-friendly legislation stalled in the House.<\/li>\n<\/ul>\n\n\n\n
Markets ended Tuesday with a stark divergence across sectors, as tech strength kept the Nasdaq afloat while financials and cyclicals dragged the Dow and S&P lower. Inflation data met expectations but reinforced fears that tariff-driven pressures are starting to take hold, adding to uncertainty over the Federal Reserve\u2019s next move. In Europe, investor confidence was dented by trade concerns and mixed corporate updates, even as Germany’s sentiment data surprised to the upside. Asian markets, by contrast, found support from China\u2019s GDP beat and upbeat momentum in Japan and South Korea. Meanwhile, crypto-linked stocks came under pressure after a key legislative effort failed in the House, highlighting ongoing hurdles in the sector\u2019s push for broader regulatory support. All eyes now turn to the next round of corporate results and further inflation indicators to determine whether the recent bullish trend can withstand mounting macro headwinds.<\/p>\n","protected":false},"excerpt":{"rendered":"
US stocks closed mixed on Tuesday as inflation worries and underwhelming bank earnings pressured broader sentiment. The Dow Jones Industrial Average dropped over 400 points, weighed down by steep losses in financials, while the S&P 500 slipped from record highs earlier in the session. In contrast, the Nasdaq Composite reversed the trend and posted aContinue Reading<\/a><\/p>\n","protected":false},"author":28,"featured_media":22650,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[110,1,112],"tags":[140,138,136],"class_list":["post-22648","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-espresso-morning-call","category-ix-intel","category-market-news","tag-international-news","tag-market-updates","tag-whats-new"],"acf":[],"aioseo_notices":[],"lang":"en","translations":{"en":22648,"vi":22651,"zh_cn":22654,"pt":22657,"th":22659,"ko":22661,"zh_tw":22663,"es":22665,"jp":22667},"pll_sync_post":[],"_links":{"self":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts\/22648","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/comments?post=22648"}],"version-history":[{"count":0,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/posts\/22648\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/media\/22650"}],"wp:attachment":[{"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/media?parent=22648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/categories?post=22648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infinox.com\/global\/wp-json\/wp\/v2\/tags?post=22648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
- Advanced Micro Devices Jumps as Chip Sector Rebounds:<\/strong> AMD shares surged over 6% as semiconductor stocks benefited from easing US restrictions on exports to China.<\/li>\n\n\n\n
- GBP\/USD Drops Below 50-Day SMA as Uptrend Weakens:<\/strong> GBP\/USD settled at 1.3389 on Tuesday, down 0.28% on the day after trading between 1.3468 and 1.3379. The daily close below the 50-day SMA at 1.3499 marked a significant technical shift, pointing to early signs of trend exhaustion after a strong rally from March. Price action is now biased lower with a pattern of lower highs and lows forming. Immediate support lies at the 100-day average near 1.3266, while resistance has flipped to 1.3500. A deeper retracement toward 1.3200 could unfold if bulls fail to regain control this week.<\/li>\n\n\n\n
- S&P 500 Eases From Record Highs:<\/strong> The S&P 500 slipped 0.40% to close at 6,243.76, pulling back from earlier intraday highs. The index faced broad-based selling pressure led by financials, materials, and consumer discretionary sectors.<\/li>\n\n\n\n