Earnings Season Heats Up: Global Companies Report Quarterlies Amid US Economic Data Release

Global companies are set to release their quarterly earnings on August 4, including Toyota Motor, Bayer, Lufthansa, BP, HSBC Holdings, Spotify, and McDonald's. These releases will provide insights into the financial health of these companies and may influence investor sentiment.

The US economy is also expected to release several key indicators, including the June 2026 Foreign Trade Balance, Durable Goods Orders, Factory Orders, and JOLTS Job Openings data. These releases will offer fresh insights into US trade flows, manufacturing demand, and labor market conditions.

On Monday, the Dow Jones surged over 600 points after President Donald Trump announced that he had halted planned military strikes on Iran and would resume talks with Tehran. Oil prices plummeted as a result, with Brent crude falling by over 7% to $81.55 per barrel.