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U.S. stocks were mixed to higher as chip names lifted the Nasdaq, but lingering hawkish Fed expectations and the Trump-Iran deal kept broader market sentiment cautious.

SpaceX’s post-IPO average buyer is now slightly underwater after the stock fell for two straight sessions.
Traders on Kalshi are pricing in better than even odds that the Federal Reserve will raise rates this year.
One research firm says SpaceX could more than double and climb above $400 per share.
Nvidia may regain momentum in the AI trade as market dynamics shift back in its favor.
A car stock’s chart is being viewed as attractive after months of sideways trading.
Josh Brown highlighted a tech name tied closely to the data center expansion theme.
Oppenheimer says SpaceX has additional upside following an AI coding deal.
KBW recommends buying CME Group shares on the dip, arguing fears about perpetual futures are exaggerated.
Analysts say business development companies are in a very favorable environment for investors.
Markets reacted to the Fed’s hawkish Summary of Economic Projections, while comments from several prominent figures focused on trade, tariffs, and the Iran deal.

Hong Kong stocks fell 387 points as Tencent bought back about HK$500 million of shares, while new Hong Kong market initiatives such as the launch of five-year government bond futures underscored ongoing policy support.

U.S. futures rose sharply, with Dow futures up nearly 300 points, while European markets were mixed as investors waited for the Bank of England’s policy decision.
The Hang Seng Index fell 387 points, led by weakness in Meituan, while Zhihu/Zhipu-related shares surged and crossed the HK$2,000 level.
Tencent spent about HK$500 million to repurchase 1.144 million shares, signaling continued buyback support.
The People’s Bank of China and regulators at the 2026 Lujiazui Forum announced a package of reforms to strengthen capital markets, support technology financing, and expand financial opening.
China’s securities regulator said the ChiNext and STAR Market reforms will expand support for AI large-model firms and other hard-tech companies, including quantum technology and biotech.
Hong Kong exchanges and regulators are moving ahead with a five-year China government bond futures launch on August 3, alongside related pilot payment and market-infrastructure initiatives.
Several companies issued profit warnings or earnings pressure alerts, including Bauhaus International, GCL Quantum, and C-Mer Eye Care? (Chinese text: 中煙香港), reflecting softer business conditions.
Hong Kong’s city-wide residential rental yield fell again to 3.24%, ending the “mortgage is cheaper than rent” situation after eight straight months of decline.
Utilities and transport-related pricing moved higher, with Towngas raising standard gas charges from August 1 and maintaining a two-year fee freeze commitment.
Broader mainland policy and market themes included stronger AI-in-consumption promotion, rising competition for capital in AI and semiconductors, and a focus on quality growth, job creation, and market discipline.

Tokyo stocks briefly hit a record high and the Nikkei closed above 70,000 for the first time, driven by hopes of eased Middle East tensions and a rally in U.S. equities.

Tokyo stocks briefly hit a record high, supported by strong U.S. equities and hopes that tensions in the Middle East will ease.
Finance Minister Katayama warned against speculation, signaling caution over the yen’s sharp weakening.
Japan’s consumer prices in May rose 1.4%, staying below 2% for the fourth straight month as government gasoline subsidies helped keep inflation down.
The yen briefly fell to 161.81 per dollar, approaching a 39-and-a-half-year low as expectations of further U.S. rate hikes strengthened the dollar.
New York stocks rebounded by 72 dollars, helped by lower oil prices and reduced inflation concerns.
NY crude oil reversed lower and settled in the 76-dollar range, reflecting expectations that the Strait of Hormuz situation would normalize.
Japanese banks are rushing to raise deposit rates, intensifying competition for deposits as a funding source, though regional banks may become strained.
The Tokyo Stock Exchange closed above 70,000 for the first time, extending gains for a sixth day amid optimism after declarations that fighting between the U.S. and Iran had ended.
Lawson is supporting a private rocket launch by donating sales from products made with ingredients from Wakayama.
Major business and consumer news included planned China visits by Kansai business leaders, food price increases and recalls, trade disputes, and Disney-branded Shinkansen operations starting on JR Central.

Bitcoin slipped below $63,000 as risk assets sold off and traders piled into bearish bets, signaling growing downside pressure across the crypto market.

XRP dropped 3% after failing to hold the $1.15 support level, which caused the breakout move to lose momentum.
Bitcoin has been trading below its estimated mining cost for five straight months, putting heavy pressure on miners.
Traders are increasingly betting against Bitcoin, with bearish positions building as low as the $52,000 level.
Bitcoin also slipped under $63,000 as broader risk assets sold off and the week’s recovery faded.
Former Celsius CEO Alex Mashinsky received a final ban from the U.S. CFTC, ending the regulator’s case against him.
U.S. agencies are pushing for stablecoin customer-identification rules similar to bank requirements under the new GENIUS Act proposal.
The Ethereum Foundation experienced another leadership change after co-executive director Hsiao-Wei Wang stepped down.
Market commentary highlights how Bitcoin’s cycle remains a key trading focus for advisors and investors.
Algorand released a roadmap aiming to make the network quantum-resistant by 2028.
On CoinDesk 20, Stellar (XLM) rose 10% even as the broader index declined, while AI-driven predictions and forecasts emphasized volatility across XRP, Bitcoin, Ethereum, and Solana.

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