Stocks Varying as Investors Focus on Important Tech Results – Europe Market Wrap

Europe’s Stoxx 600 Index varied as advances in technology and travel stocks were offset by losses in the chemicals and mining sectors. Futures on the S&P 500 pointed to a lower opening on Wall Street. The currency and US Treasuries remained stable.

Companies accounting for 29% of the S&P 500’s market capitalisation are expected to report this week, and investors are eager to see if the rise in tech companies that has buoyed the benchmark this year can continue.

Analysts are interested in learning more about Tesla’s robotaxi service, while Alphabet is focused on AI services and Google Cloud revenue. LVMH, the world’s largest luxury firm, is expected to report a rise in second-quarter revenue when it releases results after markets.

The Yen rose against the Dollar, as traders prepare to reduce their carry holdings during the summer holiday season. According to persons acquainted with the situation, some BoJ officials are willing to raise interest rates at the July meeting, while others believe that sluggish consumer spending complicates their choice. In commodities, oil remained near a six-week low.