European stocks opened lower, Asian stock markets rose moderately, the dollar weakened, and the world is focused on the "super 72 hours."

The decision to extend the truce period for tariffs between China and the United States has provided the market with a brief respite. According to Xinhua News Agency, China and the U.S. will continue to push for a 90-day extension of the U.S. suspended reciprocal tariffs of 24% and China's countermeasures.

On Wednesday, the 30th, U.S. S&P 500 index futures rose slightly by 0.2%, while European stock indices opened lower after a series of mixed corporate earnings reports put pressure on market sentiment. Asian stock markets saw moderate gains. The U.S. dollar fell against all G-10 currencies. Spot gold rose by 0.11%, and WTI crude oil increased by 0.12%.

Investors are focusing on the upcoming “Super 72 Hours”, which includes U.S. second-quarter GDP data, the Federal Reserve's interest rate decision, and a series of earnings reports from tech giants. The highly anticipated U.S. non-farm payroll report for July will be released on Friday.

• S&P 500 index futures rose by 0.1%. Nasdaq 100 index futures increased by 0.2%.
• Germany's DAX 30 index opened down 0.10%. The UK's FTSE 100 index opened down 0.32%. France's CAC 40 index opened down 0.29%. The Euro Stoxx 50 index opened down 0.09%.
• The Nikkei 225 index closed down 0.05%, at 40,654.7 points. Japan's Topix index rose by 0.4%. South Korea's Seoul Composite Index closed up 0.7%.
• The U.S. dollar index fell by 0.15% to 98.78.
• The euro was nearly unchanged at 1.1553 USD. The yen rose 0.4% against the dollar to 147.94.
• The yield on the 10-year U.S. Treasury bond remained stable at 4.32%.
• Spot gold rose by 0.11% to 3,329.87 USD.
• WTI crude oil increased by 0.12% to 69.29.
• Bitcoin rose by 0.4% to 117,907.15 USD.

European stocks pressured by performance divergence, investors focus on multiple catalysts

The new progress in China-U.S. relations has led to a relatively mild reaction from the capital markets. Jun Bei Liu, founder of Ten Cap Investment, stated that recent negotiations have shown a "willingness to reach an agreement," and the market has been "very strong; what we are seeing now is just some consolidation."

Billy Leung, an investment strategist at Global X ETFs, commented:

“The market is becoming increasingly adept at digesting this kind of behavior—meaning that as long as you declare it as positive progress, the extension itself will be priced in. In the past, such a lack of substantive breakthroughs might have triggered a more severe negative reaction.”

The Stoxx Europe 600 index fell by 0.3%. The main drag on the market came from a series of disappointing corporate earnings reports, especially in the banking and automotive sectors. HSBC Holdings saw its stock price plunge by 5% due to quarterly profits falling short of expectations; UBS Group's stock price rose by 3.7% at one point due to better-than-expected performance.

Both Mercedes-Benz Group and Aston Martin Lagonda Global Holdings saw their stock prices decline after lowering their business outlook. In the consumer sector, Adidas reported revenue growth that fell short of expectations, leading to a sharp 7% drop in its stock price. French consumer goods giant Danone received positive news, with sales exceeding expectations and growth in most categories, resulting in a 6.7% surge in its stock price.

Federal Reserve Decision Approaches, Currency Market Volatility Intensifies

Investors are turning their attention to other key events in the coming days. The Federal Reserve's meeting will coincide with the release of key economic data such as GDP, employment, and inflation. The market generally expects the Federal Reserve to keep interest rates unchanged, but Chairman Powell may face dissent from some colleagues who believe the central bank should provide more support for the slowing labor market.

Luis Alvarado from Wells Fargo Investment Institute stated:

“We believe the Federal Reserve wants to maintain flexibility on when to further cut rates. If the economy slows and inflation allows, the Fed will have the opportunity to cut rates later this year.”

In the currency market, the dollar index fell by 0.15% to 98.78. Some currencies experienced significant fluctuations due to specific factors. According to South Korean media, South Korean Finance Minister Koo Yun-cheol will discuss foreign exchange issues again in final trade talks with U.S. Treasury Secretary Scott Bessent on Thursday, which pushed the won up by 0.8% at one point. However, U.S. officials, including White House Chief Economist Stephen Miran, have denied the existence of a secret currency agreement aimed at weakening the dollar.

Meanwhile, according to CCTV News, the China Earthquake Networks Center reported that on July 30 at 7:24 AM, an 8.7 magnitude earthquake (revised magnitude) occurred off the eastern coast of Kamchatka (latitude 52.40 degrees north, longitude 160.20 degrees east) and triggered a tsunami, with tsunami waves of 3 to 4 meters detected along parts of the Kamchatka Peninsula coast. After a tsunami warning was issued for areas including Tokyo Bay, the yen still rose by 0.36% against the dollar.