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Record-low Rhine River Levels Threaten German Industry, Growth
European Markets Little Changed as Earnings Optimism Offsets Oil Concerns
Awaiting this week's U.S. CPI data, Dow Jones futures edged down less than 0.1%, while European stocks were mixed in early trading, with the DAX hitting a record high.
Last Friday (the 7th), the U.S. July nonfarm payroll data was released, falling significantly short of expectations, causing market expectations for a Federal Reserve rate hike in September to cool sharply. However, Bank of America still anticipates three more rate hikes for the remainder of this year. Markets are now focused on the upcoming release of U.S. July CPI and PPI data this week. The outlook for a U.S.-Iran deal remains uncertain, as Iran’s Supreme Leader Ali Khamenei met with President Masoud Pezeshkian to refute rumors about his deteriorating health. U.S. President Donald Trump stated that he is handling the Iran issue discreetly and hinted at intensifying economic pressure on Iran rather than initiating new military action. International oil prices are currently up by approximately 1%. Major Asia-Pacific equity markets rose broadly today (the 10th), with the Nikkei 225 closing 2.1% higher, outperforming the region. The three major U.S. equity indices
European Stocks Little Changed as Investors Weigh Inflation and Hormuz Risks
Germany's China Trade Gap Widens to €55B in H1 2026
European Stocks up as Healthcare Gains Offset Geopolitical Risks; Top Volkswagen Investor Urges Action