London Wrap: European indices rally as yen firms across the board
European equities close broadly higher led by the Euro Stoxx 50, while the yen strengthens across FX and crypto sees Polkadot and Cardano outperform.
European equities close broadly higher led by the Euro Stoxx 50, while the yen strengthens across FX and crypto sees Polkadot and Cardano outperform.
US session close: WTI and Brent both fell around 6.6% while Cardano jumped 8.5%, US equities firmed and gold added 0.8%. Here's what moved.
The yen swept higher across the board while the Nasdaq 100 jumped 3% and Uniswap led crypto up 11% into the New York close on July 31.
The yen swept the leaderboard as USD/JPY fell 2.31% and every JPY cross slid. European equities rallied and Uniswap jumped 11% in crypto.
Brent surged 7.4% and US crude 3.4% while the Nasdaq 100 dropped 2.9%. Gold firmed and the dollar softened broadly into the New York close.
Crude tumbled almost 4% to lead the day's losers while precious metals sagged and the Dow closed up nearly 1%. Here's the US session close in the numbers.
Silver, palladium and major cryptos ticked higher after the FOMC press conference landed at 18:30 UTC on 29 July 2026, with metals leading the move.
Brent and WTI led the London session lower, both down roughly 10% on the week, while silver and gold slipped and the FTSE 100 pushed higher.
The FOMC's Federal Funds Rate decision lands at 18:00 UTC on July 29, with forecast and previous both at 3.75%. Here's what it measures and how USD-linked instruments trade.
Oil led the session lower with a near-4% drop, silver and gold slipped, while UNI and Cardano paced a scattered crypto bounce. Here's where markets open.
Altcoins slide with XTZ down 7%, the Nasdaq 100 falls 1.85% and the Nikkei drops 2.3% as crude and silver retreat to open the week.
WTI crude fell 6.5% and Brent 5.9% to close the US session, while silver, gold and Wall Street indices climbed and Ethereum led crypto gains.