Market Overview July 27: Brent Falls to $86 on Diplomatic Easing, Nasdaq 100 Gains 1.4% Ahead of Big Tech Reports
Global financial markets start the week in a calmer atmosphere following a temporary reduction in geopolitical tensions between the US and Iran. Easing concerns about oil supply disruptions have supported risk appetite.
Global financial markets start the week in a calmer atmosphere following a temporary reduction in geopolitical tensions between the US and Iran. Easing concerns about oil supply disruptions have supported risk appetite, while investor attention fully shifts to the decisions of the world's largest central banks and the quarterly reports of leading tech companies.
Risk Appetite Returns: US Futures and Asia Rise on Falling Oil Prices
US and global markets: American stock futures are recovering after a volatile week. Demand is focused on shares of chip manufacturers, airlines, and the tourism sector amid falling fuel prices. In Asia, the Nikkei 225 and Hang Seng are recovering losses, while Europe opens higher due to easing inflation concerns.
Brent Oil Retreats to $86–87, Gold Holds Above $4,100
Oil: Diplomatic easing between the US and Iran has sharply reduced the geopolitical premium: Brent has fallen to $86–87 per barrel, WTI to $84. However, risks of attacks in the Strait of Hormuz and Bab-el-Mandeb maintain tension.
Gold: The safe-haven metal holds above $4,100 per troy ounce ahead of key regulatory decisions.
In Focus — US Federal Reserve Meeting and Comments from Kevin Warsh
Central banks: The main event of the week is the US Federal Reserve meeting. A rate hold in the 3.50–3.75% range is expected, but the market is focused on statements from the new chair, Kevin Warsh. Additionally, the Bank of England (July 30) and the Bank of Japan (July 31) will announce their rate decisions — both are expected to maintain current parameters.
Currencies and government debt: The yield on US10Y has decreased to 4.63%, weakening the DXY. The EUR/USD pair is trading in the range of 1.1370–1.1400, the British pound is rising on falling oil prices, and the yen shows moderate recovery.
Big Tech Week: Reports from Microsoft, Meta, Apple, and Amazon Will Set the Direction
The market is entering a key phase of the corporate earnings season. The results of IT giants (Microsoft, Meta, Apple, Amazon) will determine the trajectory of stock indices in the second half of the week.
Economic Calendar for Today (Astana, UTC+5):
| Time | Country | Event / Publication |
|---|---|---|
| 19:30 | USA | Durable Goods Orders |
Summary: The start of the week is marked by a recovery in risk appetite following a temporary reduction in geopolitical tensions. The main drivers of market movements remain expectations for the Fed's decision, the meetings of the Bank of England and the Bank of Japan, as well as the start of one of the most important corporate earnings seasons of the year.