Microsoft reported stronger quarterly results, driven by strong demand for cloud services and artificial intelligence. Azure recorded its fastest growth in four years, with annual revenue surpassing $100 billion, reinforcing confidence that AI investments are translating into business growth.

The Federal Reserve left interest rates unchanged, but the decision exposed growing differences within the committee.

Growing differences between the United States and Israel have emerged following a meeting between US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu. While both countries remain committed to countering Iran, reports suggest they disagree on how the conflict should develop and whether military operations should continue.

The Federal Reserve left its policy rate unchanged at 3.50%–3.75% in July, marking a fifth straight meeting without a change and matching broad expectations.

South Korea's semiconductor-driven market rally is showing signs of fatigue as investors grow more cautious about the long-term outlook for artificial intelligence spending. Despite posting strong earnings, SK Hynix saw its shares fall another 10%, extending losses from recent record highs and highlighting changing market expectations.

Semiconductor stocks have led global equity markets during the artificial intelligence boom, but investor confidence is beginning to show signs of caution ahead of a new round of earnings reports from major technology companies.

The European Central Bank left its key interest rates unchanged at its July meeting after delivering a 25-basis-point hike in June, its first increase in three years.

Alphabet's second-quarter 2026 results show that its AI strategy is moving beyond long-term ambition and delivering measurable financial results.