Markets Rise on Strong Earnings Reports

The article discusses Alphabet's second-quarter earnings, which beat expectations despite increased spending on artificial intelligence. The company's shares rose in extended trading, indicating investor confidence in the investment. Other news includes Donald Trump's visit to the U.S. Federal Reserve, Deutsche Bank's earnings beating forecasts, and the Nasdaq Composite closing above 21,000 for the first time. The article also touches on the growing trend of 'neocloud' companies and the increasing focus on private credit in Asia-Pacific.

Deutsche Bank reported a net profit of 1.485 billion euros ($1.748 billion) in Q2 2025, beating expectations. The bank's core investment banking unit saw a 3% year-on-year revenue increase to 2.687 billion euros. Despite mixed results within the unit, the bank remains on track to meet full-year targets. The euro's strength against the US dollar had a significant impact on the bank's numbers. Deutsche Bank's CFO, James von Moltke, expressed confidence in the bank's momentum and discipline around costs.

European markets are expected to open higher on July 24, 2025, as hopes of a US-EU trade deal rise. Several major European companies, including Deutsche Bank, Moncler, TotalEnergies, BNP Paribas, and Nestle, have reported their quarterly earnings. Deutsche Bank's net profit exceeded expectations, while Moncler's sales dipped due to weak tourist flows. TotalEnergies' profit fell 23% due to lower crude prices. BNP Paribas confirmed its guidance, and Nestle's sales beat expectations due to price hikes. The UK and India are set to sign a trade agreement, expected to add £5 billion to the British economy.

The stock market experienced mixed movements as S&P 500 futures remained flat early Thursday, following a record close for the S&P 500 on Wednesday. The Dow Jones Industrial Average and Nasdaq Composite also saw gains on Wednesday, driven by positive trade developments and earnings reports from major companies like Alphabet and Tesla. The White House announced that President Donald Trump will visit the Federal Reserve, escalating his pressure on Chairman Jerome Powell. Earnings reports from various companies, including IBM, ServiceNow, and Thermo Fisher Scientific, also influenced market movements.