Dax

But the question, of course, is how much further oil prices and bond yields can fall. For now, the combination is supportive of risk assets and is helping to sustain a relatively benign decline in the dollar. The focus today will be on US core PCE inflation, due for release shortly, while Nvidia’s second-quarter earnings will provide another test for risk appetite after the US markets close – not just for US indices but for global tech-heavy indices given the influence Nvidia has over the global tech and AI names.

DAX edges higher as German economy shows resilience. Oil falls despite Bessent’s plans for the economic isolation of Iran.

GBP/USD Rises After UK Inflation Ahead of FOMC Minutes. DAX Rises as Global Bond Sell-Off Eases.

If oil prices continue to rise, this could weigh on European markets which have been quite resilient of late. That could weigh on the German DAX forecast given the nation’s reliance on energy imports.

Volatility across financial markets continues to subside, with investors appearing surprisingly comfortable with rising oil prices and the prospect of the Fed either holding rates steady or tightening policy in September.

DAX rises as Oil Retreats on Diplomacy Hopes and Attention Turns to Earnings Season. GBP/USD Holds Steady as Markets Weigh Fiscal Concerns, Higher Government Borrowing & Jobs Data.

DAX opens lower amid tech weakness & renewed US-Iran tensions. Gold falls amid hawkish Fed concerns & a stronger USD.

DAX Rebounds as AI Optimism Returns Despite Middle East Tensions. Dip Buying and a Divided Fed Lift Gold, but Gains Could be Capped.

After a long and eventful first half of the year dominated by the US-Israel war on Iran and Trump’s constant flip-flopping, the last thing investors, and frankly anyone else, needed with the summer holidays approaching was a return of the same geopolitical environment. Unfortunately, it looks like we could be heading back to that. Crude oil has spiked over the last couple of sessions having just returned to pre-war levels just a few days ago, while European indices such as the DAX and Ibex were nursing losses of 2-3% at the time of writing.

DAX at record highs as it remains well positioned to benefit from a rotation into cyclicals. FTSE 100 rises with M&A activity in focus.

GBP/USD Holds Steady Ahead of Burnham Speech. DAX Rises as Tech Rebounds and Despite Auto Sector Weakness.

DAX falls amid global tech rout. GBP/USD below 1.3250 on UK politics, PMIs up next.