Market Summary - July 14, 2025

The financial markets are experiencing a calm before the earnings season, with US indices showing slight gains. The S&P 500 has increased by nearly 0.2%, the Dow Jones by just over 0.1%, and both the Nasdaq and Russell 2000 have risen around 0.4%. This positive sentiment comes as major US banks, including JP Morgan, Wells Fargo, and Citigroup, are set to announce their earnings results tomorrow, alongside the BlackRock fund.

Key Market Movements

• Boeing: Shares are up approximately 1.4% following the investigation findings into the Air India 171 crash, which indicated that a fuel switch failure was the likely cause, unrelated to the aircraft's design or manufacture.
• European Markets: The session is mixed, with the German DAX down 0.4%, the French CAC40 down 0.3%, and the Swiss SMI unchanged. In contrast, the British FTSE 100 is up 0.6%, and the Italian IT40 has gained 0.5%.
• Bond Yields: US 10-year bond yields are slightly above 4.4%, maintaining levels from the start of the week.
• Precious Metals: The market is seeing corrections, with palladium down 1.6% and platinum down 1.4%. Gold remains stable with a slight decrease of 0.2%, while silver is down 0.4%.
• Currency Performance: Among G10 currencies, the US dollar is the strongest, appreciating by 0.3%. The New Zealand dollar and Swedish krona are the weakest, both down 0.6%.
• Natural Gas: NATGAS is performing well, rising 3.5% due to strong demand from Asia, where temperatures are reaching record highs.
• Oil Prices: Oil has dropped over 2% as the US and EU implement measures to diminish the appeal of Russian oil globally. The EU is set to finalize an 18th package of sanctions against Russia, which includes lowering the maximum price of Russian oil. Additionally, Trump has announced that the US is considering imposing 100% tariffs on Russian goods, although this will be postponed for 50 days.
• Cryptocurrency Market: The cryptocurrency sector is performing positively, with Bitcoin gaining nearly 1% and Ethereum increasing by 1.38% intraday.

Conclusion

As the market prepares for the upcoming earnings reports, investors are cautiously optimistic, particularly in the US indices. The mixed performance in European markets and the fluctuations in commodities and currencies reflect ongoing global economic uncertainties.