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Airbus reported adjusted second-quarter earnings before interest and taxes of 2.43 billion euros, above the 2.18 billion euros expected. According to Jin10, the result compared with a forecast of 2.18 billion euros.

According to CNBC, Boeing shares gained about 5% at midday after second-quarter revenue of $24.56 billion narrowly topped the LSEG consensus of $24.25 billion, though its adjusted loss of 76 cents per share was wider than the 30-cent loss forecast. Amkor Technology tumbled 24% after guiding third-quarter revenue to a range of $1.95 billion to $2.05 billion, below the roughly $2.1 billion analysts polled by FactSet expected. Memory chip stocks sold off, with the Roundhill Memory ETF (DRAM) down more than 8%; Sandisk plunged 13% for a third straight session, while Micron Technology and Seagate each slid nearly 9%. Iqvia rallied 12% after beating second-quarter estimates and raising its full-year earnings and revenue guidance, with CEO Ari Bousbib citing record net new bookings of over $3.1 billion. Corning dropped 16% after issuing current-quarter revenue guidance that did not exceed analyst forecasts despite a top- and bottom-line beat, dragging photonics names Coherent and Lumentum down more than 11% and 8%, respectively. PayPal rose 4% after posting adjusted earnings of $1.38 per share on revenue of $8.68 billion, beating estimates of $1.28 and $8.47 billion. Coca-Cola popped 5% after reporting adjusted earnings of 97 cents per share on revenue of $13.38 billion and hiking its full-year outlook. Sherwin-Williams rose 8% after raising its full-year adjusted earnings outlook to $11.80 to $12.20 per share. Royal Caribbean gained almost 5% on a second-quarter beat. UPS fell 6% despite topping estimates. Johnson & Johnson rose 1% after agreeing to pay a combined $5.5 billion to settle thousands of talc-related lawsuits. Hilton Worldwide dipped 2.7% after its third-quarter guidance of $2.28 to $2.34 per share missed the $2.43 consensus.

SoFi reported second-quarter crypto trading revenue of $134 million, up 10% from the previous quarter. According to Odaily, after deducting $133 million in trading costs, net revenue was $1.2 million, compared with about $850,000 in the first quarter.
The company said its crypto business accounted for a small share of its $1.2 billion in adjusted net revenue for the quarter. SoFi also said its corporate banking platform began processing around-the-clock business payments through SoFiUSD. The stablecoin is available to bank app users and supports buying, holding, and exchanging on Ethereum and Solana.

According to CNBC, Todd Gordon of Inside Edge Capital said the S&P 500 has spent the summer in a narrow consolidation near its June 2 peak, with healthcare up more than 14% and financials up more than 10% since June while technology has lagged. He said the market remains in a coiled-spring pattern and identified Eli Lilly and Enova International as two standout setups from a stock scan that filtered for companies with market values above $2 billion and strong revenue and EPS growth estimates.
Gordon said Eli Lilly cleared roughly $1,200 in July after seven months below that level and is now forming a tight flag above its major moving averages. He said the stock trades at 34.2 times forward earnings, with 31% revenue growth and 43% EPS growth expected this fiscal year, and said August earnings could determine whether the breakout continues. He also said Enova International, the online lender behind CashNetUSA, NetCredit and OnDeck, is consolidating near a 52-week high after a sharp June-July run, with valuation at 13.1 times forward earnings and projected revenue and EPS growth over the next two fiscal years.

According to Jin10, Commerzbank analyst Michael Pfister said the euro may not benefit if the U.S. and Iran reach a lasting peace agreement because euro area oil prices are more closely correlated with inflation expectations than those in the United States. He said Federal Reserve rate expectations have recently decoupled from oil price moves, while European Central Bank rate expectations remain tied to inflation risks. When oil prices rose again earlier this month, euro area one-year inflation expectations increased, while U.S. inflation expectations fell. Pfister said market expectations for Fed rate hikes look too aggressive and it is unclear whether they would change if oil prices fall. He said the euro may struggle to rise against the U.S. dollar before those expectations change.

More than half of South African workers are turning to sports betting and online gambling to cover budget shortfalls and pay down existing debt, according to Bloomberg. The finding comes from a survey that points to growing financial strain among workers in South Africa.

Brent crude futures rose nearly 7% on Wednesday. According to Jin10, U.S. President Donald Trump said he would carry out retaliatory strikes against Iran hours before the Federal Reserve's decision, and oil prices rose further after that. UBS analyst Giovanni Staunovo said renewed military strikes in the Middle East, along with Iranian officials again emphasizing their wish to control shipping activity through the Strait of Hormuz, where oil flows are currently subdued, were pushing prices higher again. DBS Bank energy research head Suvro Sarkar said Brent crude is likely to continue fluctuating sharply in a range of $80 to $100 per barrel in the short term as the Middle East conflict keeps recurring.

Bloomberg LP agreed to acquire Canoe Intelligence, a platform that automates private markets data collection for institutional investors, wealth managers and family offices, according to Bloomberg.
The deal expands Bloomberg’s push into private markets data services. Terms of the transaction were not disclosed.

A whale shorting 2.8 million units of ChangXin Memory Technologies is down $1.9 million and has paid $1.04 million in funding fees. According to Odaily, another whale holding a long position of 1.63 million units is up $853,000 and has earned $606,000 in funding fees.
The positions were reported as the long-short battle in ChangXin Memory Technologies continued.

Gold traded near $4,020, down 28% from its January record of $5,598, as markets awaited Wednesday’s Federal Reserve decision, according to BeInCrypto, with the FOMC set to announce its rate decision on July 29. CME FedWatch shows a 64.2% chance of a hold and a 35.8% probability of a hike, while weekly charts point to weakening momentum and key support at $3,900 to $4,000. ETF redemptions have slowed, but central bank buying continues to offset outflows.

According to Jin10, JPMorgan expects the Federal Reserve to keep interest rates unchanged, with a "hold rates but a hawkish stance" scenario carrying a 50% probability as the baseline case. In that scenario, the S&P 500 would be roughly flat or fall 0.5%; a "hold rates but a dovish stance" scenario with a 28% probability is seen as the most market-friendly outcome and could lift the index by as much as 1%. A 25-basis-point rate hike with a 20% probability could push the S&P 500 down 1.5% to 2%, while the Nasdaq could underperform.

According to Jin10, India's July economic report said that if the recent rebound in global crude prices continues, oil could again become a source of pressure for the fiscal deficit and financing the current account balance.

UBS Group AG said the Swiss National Bank's prospect of keeping its key rate at zero for an extended period could reduce profitability for the country's lenders, according to Bloomberg.
The bank said the impact would be felt most notably by domestic lenders as low rates linger in Switzerland.

Citi raised its target price for Visa (V.N) to $440 from $400. According to Jin10, the adjustment was made by Citi.

According to Jin10, Peter Kinsella of RYAN Bank said the yen's weakness is likely to continue because the Bank of Japan is unlikely to make major policy changes this Friday or signal a faster pace of tightening. He said the yen's real interest rate, adjusted for inflation, is still negative, and that investors should expect more threats from Japanese authorities about intervention to support the yen, although such remarks often amount to empty talk.

China's onshore yuan closed at 6.7655 against the U.S. dollar on July 29, up 19 basis points from the previous trading day, according to Jiemian News.

Unigroup shares hit the daily limit down, with turnover of 13.273 billion yuan and a turnover rate of 12.22%. According to Jin10, after-hours Dragon Tiger List data showed the Shenzhen Stock Connect dedicated seat bought 666 million yuan and sold 857 million yuan, the East Money Changchun Renmin Street seat bought a net 214 million yuan, and four institutional dedicated seats sold a net 483 million yuan.

Euro-area pay growth is expected to pick up through early 2027, though it should stay well below earlier peaks, the European Central Bank said, according to Bloomberg.
The ECB said it is assessing the inflation impact of the Iran war.

Jinan Science and Venture Capital Group Co. Ltd. added Jinan Industrial Investment Holding Group Co. Ltd. as a shareholder on July 28 and increased its registered capital from 740 million yuan to about 1.51 billion yuan, up about 104%, according to Jiemian News. The company was established in April 2001, has legal representative Qin Wen, and its business scope includes venture capital and private equity fund management services. It is jointly held by Jinan Hi-Tech Finance and Investment Co. Ltd. and the newly added shareholder.

According to Yonhap, the South Korean won strengthened to a nearly five-month high against the U.S. dollar on Wednesday, reaching 1,446.7 won per dollar at 3:30 p.m., up 15.8 won from the previous session and the strongest level since Feb. 27. Some analysts attributed the move to dollar selling by SK hynix Inc., which has been converting proceeds from a major U.S. listing into won, while exporters also appeared to be selling dollars. The won opened at 1,455 won per dollar and climbed to as high as 1,442.6 won. Foreign investors sold a net 1.2 trillion won ($824 million) worth of local stocks, while the benchmark Korea Composite Stock Price Index fell 5.98% to 5,663.24.