London Open Briefing: Monday, July 27, 2026

The London session opens with a mixed tone following Asian trading. European equities, represented by DE40, are up 0.67%, while the JP225 closed down 0.53%. US indices show modest gains, with US30 up 0.39%, USTEC up 0.34%, and US500 higher by 0.27%. Gold, XAUUSD, has seen a 0.25% increase. The overall market sentiment, as indicated by the RISK METER, stands at -0.10, suggesting a slightly risk-off bias. Over the past 24 hours, CHF has been the strongest currency, up 0.24%, while CAD is the weakest, down 0.28%.

Recent data releases include Sweden’s M3 Money Supply y/y at 3.3%, Non-Financial Corporations Loans y/y at 3.9%, and Households Loans y/y at 3.2%, significantly above the 0% consensus. In Asia, China’s Industrial Profit YTD y/y registered 18.7%. Japan’s BoJ Corporate Services Price Index y/y came in at 3.2%, slightly above the 3.1% consensus.

Looking ahead in the London session, traders will monitor the ECB Households Loans y/y for the Eurozone at 08:00 UTC, with a consensus of 3% following a previous 3.1%. Later, the BCB Focus Market Report from Brazil is due at 11:30 UTC. In the afternoon, US Treasury auctions include the 2-Year Note Auction at 15:30 UTC, with a previous yield of 4.189%, and the 5-Year Note Auction at 17:00 UTC, which previously yielded 4.2%. Retail positioning data indicates disagreement by 22 points on USDCAD and 43 points on USDCHF.

The ECB Households Loans y/y data will be a key focus for the European session.

Scheduled this session (High and Medium impact)

Times are UTC. This brief describes measured market state and the published schedule. It is not financial advice and nothing in it is a trade recommendation.