Financial Markets Daily Report30 juliol 2025
Euro area investor sentiment recovered following the EU-US trade deal, sending stocks higher across the region. In the US, investors traded in a risk-off mood on news that, after two days of negotiations in Stockholm, Chinese and US officials failed to deliver a trade deal and agreed only to seek an extension of the 90-day tariff truce. Stocks fell, and Treasuries rallied.
On the macro front, Q2 GDP in Spain surprised to the upside, rising +0.7% qoq (+2.8% yoy), up from +0.6% qoq in Q1, driven by strong private consumption and investment (see our take here). In the US, the Conference Board Consumer Confidence Index rose by 4 points, and the goods trade deficit narrowed in June to its lowest level in two years, as imports fell 4.2%.
Elsewhere, the dollar continued to strengthen, rising for the fourth consecutive day to its highest level in six weeks. The euro is trading around $1.15. In commodities, oil rose +3% (Brent near $73/barrel) as President Trump intensified threats toward Russia over ending the war in Ukraine.