Germany IFO – Expectations above forecasts (90.2) in August: Actual (91.6)

Tesla delivered 480,126 vehicles in Q2 2026, beating estimates by 74,000 and the stock fell 7%. At 204x forward P/E, TSLA trades on AI and FSD, not deliveries. Here’s the full breakdown.

SpaceX joins the Nasdaq-100 on July 7, triggering $4.3B in forced buying from QQQ into a stock with only 3–5% public float. SPCX at $160.96 with 10M Starlink subscribers and $27.8B in AI compute contracts.

Japanese and South Korean stock markets surged at the open. The KOSPI Index jumped 2.71%, with Samsung Electronics surging over 4%, while Kioxia and SK Hynix followed the upward trend. SoftBank fell 2%.

In the second half of the year, if the Federal Reserve initiates actual rate cuts before year-end, and Microsoft improves its internal metrics—such as maintaining Azure's revenue growth rate above 38% and achieving a higher-than-expected corporate conversion rate for Copilot—it will help its stock price break through the upper resistance of its trading range and potentially challenge its historical high of $550. However, if Microsoft’s AI monetization stalls significantly, particularly in the event of a Federal Reserve rate hike, the company may fail to hold its key line of defense and head toward the next critical support level at $200.

Discover OKX’s 2026 strategic roadmap: a dual-track expansion into the U.S. market and a radical security overhaul for decentralized finance. Learn how OKX is leveraging $30B+ in assets, the 39th Proof of Reserves, and TEE-powered "smart accounts" to bridge the gap between CEX resilience and DEX inn