France Consumer Price Index (EU norm) (MoM) meets expectations (0.3%) in July

TradingKey - On June 25, Apple officially announced its largest price hike in recent years, implementing global price increases for MacBooks, iPads, and certain smart home devices, with hikes ranging from 17% to 54%. Among them, the MacBook Air 512GB rose from $1,099 to $1,299; the iPad Air increased from $599 to $749; and the Apple TV price leaped from $129 to $199, a surge of up to 54%. Apple stated in its announcement that "the rapid expansion of AI data centers has caused an extraordinary surge in demand for memory and storage," and that the company has "never seen the price of a component rise so much, so fast." Following the announcement, Apple's stock price fell more than 6% on the day, as the market widely believed that raising product prices would impact sales volume.

Tradingkey - On July 3, U.S. stock markets were closed for the Independence Day holiday, but Nasdaq 100 Index futures rebounded strongly after dropping 1.7% yesterday. As of press time, Nasdaq 100 Index futures rose 1.18% to 29,904.25 points, while S&P 500 Index futures edged up 0.40% to 7,558 points. Although rate hike expectations have repeatedly weighed on tech stocks since June, the consensus market view remains that the current upward momentum of U.S. equities is well-supported for continued growth, driven by the resonance of three key factors: the ongoing expansion of AI capital expenditures, the marginal recovery of macro liquidity expectations, and the gradual broadening of the earnings growth narrative.

TradingKey - Alphabet grew Google Cloud 63% to $20B in Q1 2026 and has a $462B backlog — but free cash flow margin fell from 21% to 9%. GOOGL at $359 with a short setup targeting $341. Here’s the full picture.

TradingKey - On July 2 local time, Tesla (TSLA) released its production and delivery data for the second quarter of 2024, delivering a report card that far exceeded market expectations.

Nebius (NBIS) trades at $212 after a 176% YTD rally. Meta’s $27B deal, Microsoft contracts, and NVIDIA backing support a $250 target.