European Union's financial aid to the European Investment Bank under review by the Commission according to draft regulation
US Stock Market Remains Strong Amid Ongoing Trade Talks
The US stock market continued to show resilience on Friday, with both the Dow Jones Industrial Average (DJIA) and the tech-heavy Nasdaq 100 demonstrating strength.
The Nasdaq 100 is poised to extend its record streak on Friday, with IG forecasting a 0.65 percent rise to 23,370 points. The tech-heavy index hit an all-time high the previous day, marking a positive trend for the sector.
The Dow Jones Industrial Average is also within reach of a new record high. While specific predictions for the next few days are not available, forecasts for late July suggest the DJIA around 39,900 to 40,000 points, with a possible range of roughly 36,600 to 43,000 over the days from July 24 to August 2. For Friday, July 26, the forecast is around 39,982 points, with a maximum of 43,181 and a minimum of 36,783. Another source projects the DJIA hovering around 44,900 points at the end of July and early August, with a modest increase into August.
Despite Intel's dour notes on the global tech sector, the impact appears to be minimal. The tech sector, including the Nasdaq 100, remains relatively unaffected, demonstrating the sector's overall robustness.
The ongoing US-EU trade deal negotiations offer a glimmer of hope for a conciliatory outcome. While direct commentary linking market moves to these negotiations is limited, the positive market trend suggests investors remain optimistic.
There are no reports of any major economic events or policies impacting the US stock market, and no significant reports of global market weakness affecting the US market. The New York stock market is expected to show no significant weakness on Friday.
In conclusion, the US stock market remains strong, with both the Dow Jones and the Nasdaq 100 showing positive trends. While the impact of the US-EU trade deal negotiations on the market is not explicitly clear, the ongoing discussions offer a potential positive factor. The tech sector, despite Intel's dour notes, remains resilient, demonstrating the sector's overall robustness.
The tech sector's resilience in the face of Intel's discouraging remarks about the global tech industry underscores the sector's financial robustness. Amid ongoing US-EU trade talks, the finance sector observes a positive trend, indicating optimism among investors.
