Global Market: China stocks hold steady despite GDP miss as investors shift to consumer, financial shares

Chinese stocks showed stability as investors shifted focus from technology to traditional sectors. Disappointing second-quarter economic growth data did not significantly impact market sentiment. Consumer and financial stocks saw gains while technology shares experienced profit-taking. Hong Kong equities outperformed mainland markets, supported by major technology companies. European investors maintain strong interest in Chinese equities, focusing…

Earnings Boost: Why Goldman Sachs shares jumped to record highs

Goldman Sachs shares climbed to a record high after the investment bank posted stronger-than-expected second-quarter earnings, driven by record trading revenue, a rebound in investment banking and solid wealth management performance. Analysts expect continued strength from AI-led financing, capital markets activity and recovering dealmaking, while investors remain focused on trading momentum and the broader macro…