Group 1 - Major European stock indices opened mostly higher, with the German DAX30 index rising by 0.38% [1] - The UK FTSE 100 index experienced a slight decline of 0.1% [1] - The French CAC40 index increased by 0.26%, while the Euro Stoxx 50 index rose by 0.41% [1]

Group 1 - European stock markets closed mostly lower, with the German DAX index down by 0.42% [1] - The UK FTSE 100 index saw a slight increase of 0.01% [1] - The French CAC index declined by 0.77% [1] - The Euro Stoxx 50 index fell by 0.98% [1]

Core Viewpoint - The global capital markets are experiencing a rare and unusual phenomenon where both stock markets and commodities are rising simultaneously, despite the decline in oil and gold prices [1][4][7]. Group 1: Stock Market Performance - Major global stock indices have seen significant increases, with the US stock market reaching historical highs after a downturn earlier in the year [1][4]. - The Shanghai Composite Index has stabilized above 3400 points, marking a new high for the year [1]. - European indices such as France's CAC40, Germany's DAX, and the UK's FTSE 100 have also shown positive performance [1]. Group 2: Commodity Market Trends - Commodities like copper, aluminum, and lead have experienced price increases, with copper prices surpassing $5 and aluminum reaching a three-month high [6][25]. - In contrast, oil and gold prices have declined, with Brent crude falling from $79 to $66 and gold dropping from 3452 to 3289 [8][9]. Group 3: Underlying Factors - The rise in global stock markets is closely linked to the depreciation of the US dollar, which has fallen from 101 to 97 since May [14][13]. - The US government's intention to weaken the dollar is aimed at reducing debt pressure and encouraging capital repatriation [16][15]. - The expectation of increased US debt and monetary easing by the Federal Reserve is driving market sentiment [22][21]. Group 4: Capital Flow Dynamics - The disparity in commodity price movements is influenced by US purchasing behavior, with the US prioritizing the accumulation of certain commodities while neglecting others like oil and gold [28][27]. - The capital flow towards commodities that the US is willing to stockpile indicates a strategic approach to manage future costs amid a weaker dollar [24][25]. Group 5: Future Outlook - The upcoming month of July is critical, with potential further interest rate cuts and significant legislative actions expected [35][34]. - The overall market sentiment is characterized by uncertainty, particularly regarding the credibility of the dollar and US debt [39][40]. - Despite the current stock market rally, there are concerns that it may be a prelude to a downturn, necessitating caution and preparation for potential risks [41][42].

Market Performance Summary - The German DAX30 index closed down by 130.17 points, a decrease of 0.55%, ending at 23325.30 points [1] - The UK FTSE 100 index closed up by 9.44 points, an increase of 0.11%, ending at 8843.47 points [1] - The French CAC40 index closed down by 27.61 points, a decrease of 0.36%, ending at 7656.12 points [1] - The European Stoxx 50 index closed down by 20.23 points, a decrease of 0.38%, ending at 5268.45 points [1] - The Spanish IBEX35 index closed up by 6.61 points, an increase of 0.05%, ending at 13914.81 points [1] - The Italian FTSE MIB index closed up by 24.78 points, an increase of 0.06%, ending at 39412.00 points [1]

Group 1 - The German DAX index fell by 1.6% [1] - The UK FTSE 100 index decreased by 0.6% [1] - The French CAC 40 index declined by 1.2% [1]

Group 1 - The FTSE 100 index in the UK is expected to close at a historical high for the first time since March, recovering from declines caused by tariffs, with a peak of 8871.41 points [1] - The index is trailing behind global benchmarks and the German DAX index, which have both reached historical highs after a drop in April [1] - The FTSE 100 index is still 0.4% lower than its intraday record of 8908.82 points, indicating fragile market sentiment due to companies relocating to the US for listings and postponed IPOs [1] Group 2 - The rebound of the FTSE 100 index is attributed to the suspension of certain tariffs by US President Donald Trump and a trade framework agreement between the UK and the US, alongside improved economic data [4] - The UK stock market is considered one of the cheapest in Europe, with a constructive outlook for investors due to its unique trade agreement with the US [4] - Despite the rebound, the FTSE 100 index has underperformed compared to other European indices, with an 8.5% increase in 2025, significantly lower than the 21% increase of the German benchmark [4]

Core Points - The article discusses the impact of tariff uncertainties on the market, highlighting a slight increase in the US dollar and mixed performance in European stock indices [1][5] - A legal challenge to Trump's tariff agenda has been reported, with a US appellate court reinstating the tariff policy, providing the Trump administration with some relief [1][2] - Concerns about "stagflation and tariffs" are causing a decline in market risk appetite [1][2] Market Performance - European stock indices opened mixed, with the Euro Stoxx 50 down 0.02%, while the German DAX rose 0.1% and the UK FTSE 100 increased by 0.24% [3][5] - The 10-year US Treasury yield remained stable at 4.41% [4][5] - The S&P 500 futures showed little change, while the Nasdaq 100 futures fell by 0.1% [5] Currency and Commodity Movements - The US dollar index increased by 0.21% to 99.54 points, while the euro fell by 0.2% against the dollar to 1.1349 [5][8] - Gold prices decreased by 0.5% to $3,295.62 per ounce, and West Texas Intermediate crude oil fell by 0.2% to $60.79 per barrel [5]

Group 1 - European stock indices opened higher, with Germany's DAX index rising by 0.9% [1] - France's CAC40 index increased by 1% [1] - The UK's FTSE 100 index saw a rise of 0.4% [1] - The Euro Stoxx 50 index gained 0.97% [1] Group 2 - The increase in European stock indices follows a U.S. court's halt on Trump's "Liberation Day" trade policy [1]

Market Performance - The three major US stock indices closed lower, with the Dow Jones down 0.95% at 40,829 points, the S&P 500 down 0.77% at 5,606.91 points, and the Nasdaq down 0.87% at 17,689.66 points [1] - Major tech stocks experienced declines, including Facebook down 2%, Tesla down over 1%, Amazon down 0.72%, Microsoft down 0.66%, Google down 0.6%, Nvidia down 0.25%, and Apple down 0.19% [1] Chinese Stocks - Most Chinese concept stocks rose, with Brain Rebirth up over 62%, Pony.ai up over 47%, WeRide up over 31%, Bitdeer up over 6%, Tiger Brokers up over 3%, and Zhihu up over 3% [1] - Notable declines included SOTY Biotech down over 8%, Legend Biotech down over 6%, Haidilao down over 5%, and BeiGene down over 4% [1] European Market - European stock indices had mixed results, with Germany's DAX down 0.41% at 23,249.65 points, the UK's FTSE 100 slightly up 0.01%, and France's CAC 40 down 0.4% [1] Commodity Prices - International precious metal futures generally rose, with COMEX gold futures up 3.60% at $3,441.80 per ounce and COMEX silver futures up 2.96% at $33.44 per ounce [1] - International oil prices surged, with the main US oil contract up 3.27% at $59.00 per barrel and Brent crude up 3.01% at $62.04 per barrel [1] Currency and Bond Market - The US dollar index fell 0.53% to 99.27, while the offshore RMB against the US dollar dropped 74 basis points to 7.2080 [1] - US Treasury yields fell across the board, with the 2-year yield down 4.75 basis points at 3.7827%, the 3-year yield down 5.32 basis points at 3.7556%, the 5-year yield down 4.19 basis points at 3.8957%, the 10-year yield down 4.87 basis points at 4.2946%, and the 30-year yield down 3.76 basis points at 4.797% [1] - European bond yields generally rose, with the UK 10-year yield up 0.4 basis points at 4.511%, France's 10-year yield up 2.2 basis points at 3.256%, Germany's 10-year yield up 2.3 basis points at 2.537%, Italy's 10-year yield up 2.5 basis points at 3.625%, and Spain's 10-year yield up 2.4 basis points at 3.190% [1]