News

The German DAX 30 index closed up 68.42 points, or 0.27%, at 25,642.92 on Friday, July 31; the UK FTSE 100 index closed down 21.08 points, or 0.19%, at 10,876.19 on Friday, July 31; and the FCHI index closed up 24.00 points, or 0.28%, at 8,509.64 on Friday, July 31. The Euro Stoxx 50 index closed up 14.95 points, or 0.24%, at 6359.35 on Friday, July 31; the Spanish IBEX 35 index closed up 15.58 points, or 0.08%, at 19773.28 on Friday, July 31; and the Italian FTSE MIB index closed up 52.62 points, or 0.10%, at 52157.00 on Friday, July 31.

U.S. President Trump praises the stock market.

All three major U.S. stock indexes turned lower, with the Dow Jones Industrial Average down 0.14%, the S&P 500 Index down 0.18%, and the Nasdaq Composite Index down 0.04%.

British Chancellor of the Exchequer Healey: The British budget will be announced on October 28.

Fed's Logan: Without any policy constraints, inflation may continue to remain above target until an unexpected shock occurs.

Fed Logan: Tends to raise interest rates by 25 basis points.

Fed Logan: FOMC cannot rely on unexpected shocks to achieve goals.

Federal Reserve Chairman Logan: Monetary policy has not suppressed the economy, and inflation has not moved toward the 2% target.

Fed Logan: Inflation risks are skewed to the upside and a solid job market is strengthening slightly.

The final value of the University of Michigan Consumer Confidence Index in the United States in July was 55.2, which was expected to be 54 and the previous value was 54.4.

The final value of the University of Michigan Expectations Index in July was 55.4, compared with the expected 53.8 and the previous value of 54.

The final value of the University of Michigan's current situation index in July was 54.8, which was expected to be 54.7 and the previous value was 54.9.

The final one-year inflation rate in the United States in July is expected to be 4.2%, compared with the expected 4.30% and the previous value of 4.20%.

The final reading of the US five- to ten-year inflation rate forecast for July was 3.3%, below the expected 3.30% and the previous reading of 3.30%.

EU High Representative for Foreign Affairs and Security Policy Karas: (Regarding the proposed agreement to disarm Hamas) Israel will ultimately need to withdraw its troops from Gaza.

EU High Representative for Foreign Affairs and Security Policy Callas: (On the proposed agreement to disarm Hamas) Verifying Hamas's compliance will be a major challenge.

UBS: Raised its target price on Amazon (AMZN.O) to $318 from $305.

The final value of the University of Michigan Consumer Confidence Index and the one-year inflation rate forecast for July will be announced in ten minutes.

Chevron (CVX.N): Venezuela’s oil production could increase to 400,000 barrels per day by 2028.

U.S. Treasury Secretary Bessent: Japan's economy continues to perform well under the leadership of Japanese Prime Minister Sanae Takaichi.