The market overview in the morning, compiled by Dow Jones Newswires:
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+++++ Daily topic +++++
China’s economy has cooled down in the second quarter, but has grown as part of expectations. The gross domestic product (GDP) grew by 5.2 percent in the second quarter compared to the previous year compared to 5.4 percent in the first quarter, as the national office for statistics announced. In the second quarter, GDP growth corresponded to the expectations of the economists surveyed by the Wall Street Journal, who had predicted growth of 5.2 percent on average. In the first half of the year, China’s economy grew by 5.3 percent compared to the previous year. Beijing has set an annual growth target of around 5.0 percent for 2025. Compared to the previous quarter, the Chinese GDP grew by 1.1 percent from April to June and thus a little slower than in the first quarter (1.2 percent), as can be seen from the data of the National Statistics Office.
+++++ Outlook Company ++++++
12:45 US/JP Morgan Chase & Co, result 2Q
12:45 US/Wells Fargo & Co, result 2Q
1:30 p.m. US/Blackrock Inc, result 2Q
14:00 US/CITIGROUP INC, result 2Q
+++++ Outlook economy +++++
– US
14:30 Empire State Manufacturing Index July
Forecast: -9.0
before: -16.0
2:30 p.m. Real income June
2:30 p.m. Consumer prices June
Forecast: +0.3% GG VM/ +2.7% GG VJ
Before: +0.1% GG VM/ +2.4% GG VJ
Consumer prices core rate
Forecast: +0.3% GG VM/ +3.0% GG VJ
Before: +0.1% GG VM/ +2.8% GG VJ
+++++ Overview of indices +++++
Index last +/- %
E-Mini-Future S & P-500 6,288.50 +0.3%
E-Mini-Future Nasdaq-100 22,982.80 +0.6%
S&P/ASX 200 (Sydney) 8,622.80 +0.6%
Nikkei-225 (Tokyo) 39,538.87 +0.2%
Hang-Seng (Hongk.) 24,272.72 +0.3%
Shanghai-Comp. 3,494.59 -0.7%
Kospi (SEOUL) 3,204.18 +0.1%
+++++ Financial markets +++++
East Asia (course)
Inconsistent – the US customs policy continues to make reluctance. The Shanghai Composite (-0.7%) records the largest minus despite good growth data for the second quarter. The gross domestic product (GDP) increased by 5.2 percent compared to the previous year and thus hit exactly the expectations of economists – but was 5 percent above the official growth target of the Chinese government. In the first quarter, however, growth was still 5.4 percent. The stock exchange in Shanghai is burdened by the taxes for real estate values after the state -supported real estate group China Vanke has issued a winning warning. The stocks fall by 2.1 percent. For the first six months of the year, a loss of $ 1.67 billion is expected, which increases the concerns about a continued decline in China’s important real estate market. As a positive signal in the trade dispute between the USA and China, it is evaluated that the technology group Nvidia can again sell some of his AI chips in China after approval from Washington. Alibaba, Tencent and Baidu papers increase by up to 2.1 percent. In addition, the views are focused on the beginning of the US report Saiaon, which begins on Tuesday with the business figures of the US banks JP Morgan, Wells Fargo and Citigroup. It is the first quarter to completely reflect the effects of US customs policy. In this context, the US inflation data during the course of the day should also attract attention.
Wall Street
Index last +/- % absolutely +/- % ytd
DJIA 44,459.65 +0.2% 88.14 +4.3%
S & P-500 6,268.56 +0.1% 8.81 +6.4%
NASDAQ Comp 20,640.33 +0.3% 54.80 +6.6%
NASDAQ 100 22,855.63 +0.3% 75.04 +8.4%
Monday Friday
Sales NYSE (stocks) 1.05 billion 1.03 billion
Winner 1,438 786
Loser 1,332 1,976
Unchanged 74 72
Well claimed – the recent customs threats of US President Donald Trump have made reluctance. However, market participants spoke of a certain habituation effect, which explained the relatively relaxed reaction. Trump had announced punishment of 30 percent on imports from the EU and Mexico. The EU had initially reacted reluctantly, but then presented a new list of counter -tariffs that should come into force if there is no agreement. At the same time, Trump had placed a 50-day ultimatum to end the war against Ukraine and threatened with secondary tariffs. Warner Bros increased by 2.4 percent. Superman’s theatrical release was quite solid. Amazon closed 0.3 percent. The company generated record sales in this year’s Prime-Day campaign. Synopsy lost 1.7 percent. The chip design software company had received green light from the Chinese antitrust authorities for the $ 35 billion of ANSYS. Autodesk made 5.1 percent after the company had refrained from buying PTC.
US bonds
There was little movement on the bond market. The ten -year return rose by 1 basis points to 4.43 percent.
CURRENCY
Foreigners last +/- % 00:00 Mon, 7:52 a.m. % YTD
EUR/USD 1.1682 0.2 1.1664 1.1668 +12.7%
EUR/JPY 172.40 0.1 172.30 171.98 +5.5%
EUR/GBP 0.8692 0.1 0.8684 0.8664 +4.5%
GBP/USD 1.3440 0.1 1.3431 1.3466 +7.8%
USD/JPY 147.58 -0.1 147.72 147.41 -6.4%
USD/KRW 1,381.56 -0.1 1,382.45 1,379.59 -6.5%
USD/CNY 7.1515 0.1 7.1462 7.1470 -0.8%
USD/CNH 7.1764 0.1 7.1725 7.1712 -2.2%
USD/HKD 7,8500 0.0 7.8497 7.8500 +1.0%
AUD/USD 0.6550 0.6548 0.6560 +6.1%
NZD/USD 0.5982 0.2 0.5972 0.5983 +7.2%
BTC/USD 117,495.85 -2.2 120,179.55 122,000.50 +25.7%
YTD based on the final course of the previous day
The dollar was slightly supported by the recent development in the customs dispute, the dollar index tended well.
++++ Raw materials +++++
OIL
Row oil last VT closing +/- % +/- USD % YTD
WTI/Nymex 66.64 66.98 -0.5% -0.34 -4.5%
Brent/ICE 67.63 67.61 +0.0% +0.02 -5.6%
YTD based on the final course of the previous day
The oil prices turned into the red and were up to 2 percent in the back after the actors had initially relied on new sanctions in the United States against Russia. The previous sanctions had had little influence on the oil supply, analyst Scott Shelton from TP ICAP noted. He sees no reason why this should be different. Nevertheless, Goldman Sachs has increased the crude oil price forecasts for the second half of the year, since the market now focuses less on the fear of recession, but rather focuses on possible delivery interruptions.
Metals
Metals last the last day +/- % +/- USD % YTD
Gold 3,364.01 3,343.58 +0.6% +20.44 +27.9%
Silver 32.76 32.73 +0.1% +0.03 +18.0%
Platin 1,183,07 1,172.44 +0.9% +10.63 +37.1%
Copper 5.49 5.52 -0.5% -0.03 +35.7%
YTD based on the final course of the previous day
Gold was only able to benefit from the new announcements of the sanctions for a short time, 0.3 percent in the rear was 0.3 percent behind.
+++++ Messages since the previous day, 8:00 p.m. +++++
Ukraine war
US President Trump has announced an agreement with NATO, which provides for the delivery of weapons and air defense systems, including patriot systems, to Ukraine within a few days. “Today we have made an agreement that we will send you weapons and you will pay you for it,” Trump said on Monday during his meeting with NATO Secretary General Mark Rutte.
Business China
China’s industry grew more than expected last month. In June, industrial production rose by 6.8 percent compared to the previous year and thus faster than in May (5.8 percent), as the country’s statistical authority announced. This also means that growth was stronger than was expected to be 5.6 percent surveyed by the Wall Street Journal.
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DJG/CLN/MPT/FLF/ROS
(End) Dow Jones Newswires
July 15, 2025 01:37 ET (05:37 GMT)