📆 Monday, July 24
► This week will see major central bank policy decisions from Europe, Japan, and the US, along with corporate earnings from several companies such as Microsoft, Apple, and Meta. Investors remain concerned about the extent of potential interest rate hikes and their (economic impact.
► Market focus will be on upcoming earnings reports and central bank decisions. Noteworthy performances include Dutch medical-equipment maker Philips, which fell despite raising its sales forecast, and steelmaker Posco Holdings, which surged 24% after reporting a second-quarter profit beating estimates.
► Germany's economic indicators showed significant contraction in July 2023, with the HCOB Manufacturing PMI plummeting to a disastrous 38.8, marking the steepest decline since post-COVID May 2020, and the Services PMI dropping to 52 from 54.10, pushing the Composite PMI to 48.30, all falling below market expectations.
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