Markets were sluggish as major tech companies who have been the pioneers of high stock growth over the past decade fell as the AI industry started to look shaky. Other sectors saw good growth pushing the Dow Jones up.

Index Performance

FSTE 100: 0.20%

FTSE 250: 0.82%

CAC 40: 0.07%

DAX: 1.26%

SSE: -1.67%

Hang Seng: -0.73%

Nikkei: 2.98%

ASX 200: 0.55%

Dow Jones: 1.43%

NASDAQ: 0%

S&P 500: 0.51%

Events

After strong earnings, Adobe shares jump over 15%.

The Euro sees its biggest weekly drop in over two months as worry comes from France’s new government.

Berkshire Hathaway reduces its stake in BYD to 6.9%.

A 1-for20 reverse split took effect for Virgin Galactic causing its share price to fall by over 14%.

Nvidia overtakes Microsoft as the world’s most valuable company.

UK inflation hits the 2% target, but the Bank of England is expected to keep interest rates at 5.25%.

UK retail sales recover seeing a 2.9% increase in May.

Prudential announces $2 billion share buyback.

Apple and Meta discuss integrating Meta’s AI technology into the Apple ecosystem.

Nvidia drops by over 13% equating to over $430 billion across 3 sessions.

Bitcoin sees large drops in price as demand for ETFs reduces.

Bank of America reports the housing market will remain stagnant until 2026 or later.

Amazon reaches $2 trillion market cap.

US GDP grows by 1.4% in Q1.

Upcoming Events

July 5^th: Nonfarm Payrolls

July 8^th: Bank of Israel Interest Rate Decision

July 10^th: Reserve Bank of New Zealand rate decision.

July 11^th: Bank of Korea rate decision, United Kingdom gross domestic product (MoM)

July 12^th: Singapore’s gross domestic product (QoQ and YoY)

Dividend Payments for Major Companies

July 1^st: Coca-Cola ($0.48), Nike ($0.37), TotalEnergies (€0.79), and McKesson ($0.62)

July 5^th: Canadian Natural Resources ($0.38)

July 8^th: Philip Morris International ($1.30)

July 10^th: Altria Group ($0.98)

July 11^th: Schlumberger ($0.28), and Taiwan Semiconductor ($0.54)

July 12^th: Sainsbury (£0.09), and Medtronic ($0.70)

Earnings of major companies

July 11^th: PepsiCo

July 12^th: JPMorgan Chance, and Citigroup

P.S.: Do not take this as financial advice; make your own decisions and do further research before investing in the markets, as your capital is at risk.