Financial Results of the Week of July 31: Rise of European Indices, Bitcoin Consolidation at $65,000, and Focus on the Bank of Japan

Global financial markets are ending the week on a positive note. After the Federal Reserve kept interest rates unchanged, investors are once again showing interest in risk assets. Strong corporate earnings from major tech companies, reduced tensions in the Middle East, and a weaker dollar support the growth of global stock markets, while market participants' attention gradually shifts to further signals from major central banks.

Tech Rally in the US and Steady Growth of European Indices

US and Corporations: American indices finished the session with strong gains led by Nasdaq (+2.78%). The drivers were Microsoft (+15%) on record Azure results and Amazon (+8%) thanks to AI services from AWS. Shares of Meta and Apple fell due to cautious forecasts and investment costs.

Europe and Asia: STOXX 600 gained 0.7%, while DAX and CAC 40 rose by 0.6%. In Asia, Nikkei increased on expectations from the Bank of Japan, while South Korea recovered thanks to chipmakers, despite weak PMI from China.

The Fed, Bank of England, and Bank of Japan Maintain Key Policy Parameters

Regulators: The US Fed, Bank of England, and Bank of Japan are synchronously keeping interest rates unchanged. Despite the tough rhetoric from the US regulator, the US GDP growth of 1.5% in Q2 (below forecasts) has revived market hopes for a policy easing later this year.

Japan: In the Asian direction, traders' attention is focused on the risks of possible targeted currency interventions by Tokyo to protect the yen.

US Dollar Under Pressure, EUR/USD Rises to 1.1460

Currency Market: The Dollar Index (DXY) fluctuates near local lows. The EUR/USD pair is fixed at 1.1460, GBP/USD is trading around 1.3350, and USD/JPY has stabilized around 163.60.

US National Debt: Yields on US Treasury bonds remain high but ease pressure on stocks due to expectations of future Fed actions.

Brent Stabilizes at $89, Bitcoin Holds Around $65,000

Commodities: Oil has stabilized: Brent is trading around $89.10, WTI at $87.00 per barrel. Gold holds at $4,122 per ounce, fueled by a weak dollar.

Cryptocurrencies: Bitcoin is consolidating around $65,000 amid a general recovery in demand for risk assets.

Key Market Indicators (July 31):

Conclusion: On July 31, global financial markets are demonstrating a confident recovery after heightened volatility in the middle of the week. The main driver of growth remains the tech sector, supported by strong corporate earnings and the ongoing development of projects in the field of artificial intelligence.