Market Summary
Markets tread cautiously as European shares open flat amid tariff uncertainties and mixed earnings. U.S. stock futures remain steady ahead of a critical earnings week and looming August 1 tariff deadline. Volatility persists with focus on trade developments and tech sector earnings.
Figure of the Day
660% – Surge in China’s rare-earth magnet exports to the U.S. in June
Bullish
Ryanair Doubles Q2 Net Profit on Fare Rebound and Booking Surge
Ryanair reports a doubling of its net profit in Q2, boosted by fare recovery and robust summer bookings, defying industry headwinds.
More on reuters.com
Bearish
Microsoft SharePoint Hit by Active Zero-Day Attacks Amid Patch Failures
Microsoft warns that zero-day vulnerabilities in SharePoint are under active exploitation globally, with patches failing to fully address the critical security flaws.
More on go.theregister.com
Regulatory Impact
UK proposes new integrated water regulator to overhaul sector amid financial mismanagement and sewage scandals.
Quote
Aug. 1 is the hard deadline for tariffs — nothing stops countries from preparing but the date stands firm.
— U.S. Commerce Secretary Howard Lutnick