European Stocks Rise on Global Optimism 📈

European stocks gained after a robust Asian session, with the Euro Stoxx 600 up 0.5% and US futures also higher. The yen climbed as investors anticipated Federal Reserve interest rate cuts. Treasury yields for 10-year notes fell to 4.17%, while the dollar remained steady. Major central bank decisions in the US, Japan, and the UK are imminent, with markets keen on interest rate guidance. Earnings reports this week include tech giants Apple, Amazon, and Microsoft. In Europe, Koninklijke Philips NV rose after a strong Q2, whereas Heineken NV fell sharply due to a major impairment. The yen advanced against all Group-of-10 currencies, showing strong monthly performance. The Fed is expected to hint at rate cuts in September, while the Bank of Japan may reduce bond purchases and the Bank of England is poised for its first rate cut since 2020. Bitcoin hit a six-week high following Trump’s crypto capital remark.