Stability in Fed policy and growth in industrial orders in Germany

The PMI index for services in the USA was 51.2, slightly below the forecast of 51.3, suggesting some stabilization in the services sector. Although this result was slightly disappointing, it still remains above the level of 50, indicating growth in the sector. The market expects that the Fed will maintain interest rates in the range of 3.50-3.75% at the upcoming FOMC meeting scheduled for July 29. The current Fear & Greed Index at 44/100 indicates moderate fear among investors, although this is an improvement from last week when the index was at 27/100. This suggests some improvement in market sentiment, which may indicate stabilization of expectations regarding monetary policy.

German industrial orders increased by 1.9% m/m, significantly exceeding analysts' expectations, who forecasted a growth of 1.1%. This is a positive signal for the German economy, which previously recorded a decline in orders of 3.8%. The increase in orders may indicate an improvement in the condition of the industry, which is crucial for the entire eurozone. These data may influence the decisions of the European Central Bank regarding future monetary policy, especially in the context of rising inflation in the region. The increase in orders could potentially contribute to the growth of Germany's GDP in the coming months, which in turn may affect investor sentiment across Europe.

Investors should pay attention to further macroeconomic data from the USA and Europe that may influence monetary policy decisions. Market attention will be focused on upcoming inflation data and their potential impact on Fed and ECB decisions. It will also be crucial to monitor further changes in the Fear & Greed index, which may indicate changing investor sentiment.