07/07/2026 Daily Reports
Market News Briefing — Tuesday, 7 July 2026
- Nasdaq. US stocks rose Monday as pressure on the tech sector eased; the Nasdaq Composite jumped 1.1% while chip stocks recovered from a recent dip, with Alphabet, Apple, Meta and Tesla rallying. Nvidia supplier Foxconn reported stronger-than-expected quarterly sales, a sign of sustained AI demand, putting the spotlight on Samsung Electronics’ results due Tuesday. SpaceX, which went public on June 12, officially joins the Nasdaq-100 index before trading begins Tuesday. Microsoft announced it is cutting 4,800 jobs, about 2.1% of its workforce, with its Xbox division losing roughly a fifth of its staff.
- DAX. European equity markets paused near all-time highs on Monday, with attention turning to the Fed minutes and central bank speakers. The DAX closed at a record 25,779 on Friday, gaining 4.7% for the week; E.ON and Siemens led gains after broker upgrades, while Rheinmetall fell after the German government cancelled the F126 frigate project, with the company warning of a revenue hit of up to €300 million this year. Separately, the German government rejected UniCredit’s takeover bid for Commerzbank, calling the offer insufficient.
- Nikkei. The Nikkei 225 closed nearly flat at 69,737 on Monday while the broader Topix gained 0.9%, as strength in industrial and consumer names was offset by weakness in technology shares amid rotation out of AI-related stocks; SoftBank Group fell 3.1% while Mitsubishi Heavy Industries rose 8.4%. Key data — household spending, PPI and machine tool orders — is due this week.
- Gold. Gold steadied around $4,150 an ounce Tuesday ahead of the Fed’s June meeting minutes. Weak June payrolls (+57,000) cut market-implied odds of a September rate hike to roughly 50%.
- Brent. Brent held near four-month lows as OPEC+ agreed a 188,000 bpd quota increase for August, Strait of Hormuz traffic kept recovering, and Saudi Aramco cut its Arab Light price for Asian buyers to a $1.50 discount versus the regional benchmark.
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