23 July 2025
In the US, the S&P 500 ended the Tuesday session with mild gains (+0.1%), as investors digested corporate earnings and weighed the latest trade developments. However, the tech-heavy Nasdaq fell 0.4%.
US Treasuries rose, with 10-year yields falling 4bp to 4.34%.
European stock markets traded mostly lower on Tuesday, on weaker investor sentiment over fading US-EU trade deal prospects and after a mixed bag of corporate earnings. The Euro Stoxx 50 lost 1.0%. The French CAC lost 0.7%, while the German DAX dropped 1.1%. In the UK, the FTSE-100 ended little changed (+0.1%).
European government bonds rose (yields fell) ahead of the ECB meeting later this week. 10-year German bund yields fell 2bp to 2.59% as 10-year French bond yields were fell 3bp to 3.26%. In the UK, 10-year gilt yields fell 3bp to 4.57%.
Asia stock markets were mixed on Tuesday, with trade developments remaining in focus. Japan’s Nikkei 225 ended a volatile session 0.1% lower, as investors continued to assess the policy outlook after the upper house election. Korea’s Kospi fell 1.3% amid investor caution over upcoming earnings releases and US-Korea trade negotiations. Elsewhere, China’s Shanghai Composite and Hong Kong’s Hang Seng rose 0.6% and 0.5% respectively. India’s Sensex ended flat.
Crude oil prices fell on Tuesday amid lingering uncertainty over US tariffs and trade policy. WTI crude for August delivery settled 1.5% lower at USD66.2 a barrel.
No major releases.
No major releases.
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