Overview

• US weekly jobless claims fell to 221,000 and June retail sales rose 0.6%, propelling the Nasdaq, S&P 500 and Dow Jones to fresh closing records
• Fed Governor Christopher Waller reiterated support for a 25 basis point cut in July even as investors scale back expectations for near-term easing
• Paris’s CAC 40 climbed 0.58% to 7,867.50 before ending the session in a consolidation phase ahead of corporate earnings
• The Autorité des marchés financiers ordered Vincent Bolloré to launch a mandatory tender offer for Vivendi shares, sending its stock up 13.26% on takeover premium hopes
• An August 1 deadline for US tariff negotiations is focusing investor attention on trade outcomes and the upcoming wave of corporate earnings