Categories: Market Overview

Stocks Slip as Earnings Roll In, Metals Retreat

Stocks began the week on the back foot as investors weighed earnings results against lofty expectations and prepared for key policy meetings from some of the world’s biggest central banks. Metals fell on continued concern over trade and China’s economy.

Miners and food and beverage makers were among the biggest decliners in the Stoxx Europe 600 Index, while equity markets in Tokyo and Sydney fell and futures on the S&P 500, Dow and Nasdaq all pointed to a softer open. Brewer Heineken retreated after reporting lower-than-forecast earnings and saying its profitability will drop. Copper slid, with the LMEX Index of six industrial metals heading for its worst month in two years. The yen steadied and Japan’s benchmark 10-year bond yield erased an advance as the Bank of Japan offered to buy an unlimited amount of bonds for the third time in a week. The dollar was flat as U.S. Treasury yields rose.

Central-bank policy decisions and a slew of earnings reports, including from Apple Inc., are set to dominate moves in financial markets this week. Investors will focus on whether the BOJ will fine tune its policy and look for any indications the Federal Reserve is shying away from two more interest-rate hikes before the end of this year.

The Stoxx Europe 600 Index decreased 0.3 percent as of 9:17 a.m. London time, the biggest dip in almost three weeks.

Futures on the S&P 500 Index fell 0.2 percent to the lowest in a week.

The MSCI All-Country World Index declined 0.1 percent.

The MSCI Emerging Market Index dipped 0.3 percent, the first retreat in a week.

The Bloomberg Commodity Index gained 0.1 percent.

West Texas Intermediate crude climbed 0.7 percent to $69.17 a barrel.

Stocks Slip as Earnings Roll In, Metals Retreat, Bloomberg, Jul 30


AddThis Website Tools
The FxPro News Team

This team of professional journalists announces the most interesting and influential articles from the major financial media as a brief summary. All such news may have sufficient potential to affect the course of trading assets.

Share
Published by
The FxPro News Team
Tags: aud

Recent Posts

Video: Dollar and Indices are trying to find footing after the fall

The dollar experienced a sell-off but rallied back up by the end of the week.…

4 hours ago

What is next: BoJ, Fed, SNB & BoE Rates

The new week will be packed with economic data and decisions from key central banks.…

8 hours ago

Dollar attempts to rebound after oversold conditions

Despite economic factors working against the dollar, its oversold condition helped it this week or…

8 hours ago

USDCAD Wave Analysis – 14 March 2025

USDCAD: ⬇️ Sell - USDCAD reversed from key resistance level 1.4500 - Likely to fall…

9 hours ago

Solana Wave Analysis – 14 March 2025

Solana: ⬆️ Buy - Solana reversed from the long-term support level 113.75 - Likely to…

9 hours ago

Adobe Wave Analysis – 13 March 2025

Adobe: ⬇️ Sell - Adobe broke round support level 400.00 - Likely to fall to…

1 day ago