Stock indexes saw mixed movement with the S&P 500 unchanged, Dow Jones down -0.55%, and Nasdaq up +0.51%. Early rally due to favorable core CPI print of +0.2% m/m faded as T-note prices fell. Expectations for Fed rate cut in September trimmed to 58%. Positive trade news on US-China talks. Bitcoin down -3% on long liquidation pressure. Market focus on fresh news on tariffs and trade deals. Earnings season kicks off with big bank reports. US bond prices undercut by reduced Fed easing expectations. European government bond yields mixed. Chip stocks surge on US-China sales easing. BlackRock down -5% on asset inflows miss. JPMorgan Chase lowers expense guidance. Copper miners dip on tariff worries. Earnings reports include major companies like Blackrock, Citigroup, and JPMorgan Chase.

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