European Shares Head for Strongest Weekly Performance Since June on Earnings Momentum: DAX, CAC, FTSE100

• The European Central Bank (ECB) is hosting and partnering on several high-level academic conferences and seminars focused on economic policy and financial stability. • Key events include a joint conference with the Journal of Money, Credit and Banking celebrating its 50th anniversary, and a workshop with the Centre for Economic Policy Research on household heterogeneity.

• Major US stock indices rallied today, with the Nasdaq 100 leading gains at +0.89%, followed by the S&P 500 (+0.37%) and the Dow Jones Industrial Average (+0.14%). • The surge was triggered by July nonfarm payrolls data showing an unexpected decline in jobs and lower-than-anticipated growth in average hourly earnings.

• Global markets turned cautious as the Dow Jones ended its record streak with a 464-point drop, while the S&P 500 and Nasdaq closed lower due to rising US Treasury yields and weak chip-maker earnings. • Brent crude futures rose above $83 per barrel and US WTI futures climbed to $78.84, driven by renewed geopolitical tensions near the Strait of Hormuz.

• The benchmark KSE-100 Index closed the week ending August 7, 2026, at 181,430.02 points, marking a significant weekly gain of 5,335.90 points. • This represents a 3.03% increase on a week-on-week basis, signaling strong bullish momentum in the market.

• European stock markets closed higher on Friday, driven by positive corporate earnings and encouraging economic data. • Market sentiment was further bolstered by weak U.S. jobs data, which increased expectations that the Federal Reserve may delay raising interest rates.

• The European Union has experienced a significant economic decline over the last two decades, losing its former lead over the U.S. economy. • This downturn was driven by a series of systemic shocks, including the Great Recession, the COVID-19 pandemic, and the geopolitical instability of Brexit.

• Major European stock exchanges closed higher on Friday as investors reacted to a combination of corporate earnings and new economic data. • Market gains were driven by financial results from key companies, including Allianz and Daimler Truck, which influenced investor sentiment.

• The TSX and S&P 500 both closed at record highs, with the Canadian benchmark achieving its largest weekly gain in four months. • Market optimism is driven by strong corporate performance, as 85.1% of the 436 S&P 500 companies reporting results so far have exceeded analyst expectations, surpassing the historical average of 68%.

• The AUD/JPY currency cross halted a three-day winning streak on Friday, trading around 111.30 during Asian market hours. • The Australian Dollar depreciated due to a surge in global safe-haven demand triggered by escalating tensions in the Strait of Hormuz.

• Wall Street futures declined ahead of the market open, with the S&P 500 slipping 0.6% and Nasdaq futures dropping 0.9%. • The downturn is primarily driven by weakness in big tech stocks and rising oil prices, which are impacting overall investor sentiment.

• US stocks rose to end a winning week, with the Nasdaq jumping 1.3% on the day and 5% for the week, while the S&P 500 gained 0.6% and the Dow rose nearly 0.3%. • The rally followed a surprise July jobs report showing the US economy lost 23,000 jobs, significantly missing Bloomberg economists' expectations of 80,000 new positions.