Daily Comprehensive Analysis: European Market Watch Amidst Independence Day Holiday Closure and Weekly Infrastructure Leader Supply-Demand Trajectory Review

With the U.S. financial market fully closed for its regular trading session due to the Independence Day observed holiday, global capital navigated the Friday session in a quiet atmosphere, tracking the calm trading trends in European markets and reinterpreting the cumulative warmth from the June non-farm payrolls report, which was released early this Thursday.

Although real macro volatility sources were limited, the ISM manufacturing index contraction and a 4.1% rise in the labor market unemployment rate, which unfolded mid-week, served as a macro support line throughout the weekend, further solidifying confidence in an early pivot by the Federal Reserve (Fed) in the second half of the year. This daily comprehensive analysis quantitatively summarizes the performance of leading infrastructure assets that achieved the most distinct value expansion over the week amidst cooling inflation and employment, alongside the European stock market trends observed during the New York market closure.

Firstly, major European stock markets, which continued their Friday session, uniformly interpreted the cooling U.S. June employment figures as a green light for the end of the global tightening cycle, maintaining a solid flat-to-upward trend driven by new buying interest at the start of the half-year.

The German DAX index concluded a stable upward adjustment of around 0.2%, and the UK FTSE 100 index also followed a path of flat settlement, aligning with the rebound momentum of the French CAC 40 index. The sharply falling 10-year U.S. Treasury yield, due to the slowdown in U.S. June non-farm employment and unemployment rates, balanced at the 4.06% level until the weekend, fully reflecting the bond market's relief regarding a soft-landing trajectory.

While no additional internal SEC disclosures or individual public reports were received due to the New York market closure, the supply-demand performance of leading strong players, which restored a steep upward trajectory over the week until just before Thursday's trading halt, proves their solid fundamentals. Cameco, which is monopolizing the carbon-free base power supply chain and increasing its orders, concluded a strong weekly rally of 4.5% this week, successfully maintaining a valuation expansion to a 12-month forward Price-to-Earnings (P/E) ratio of 38x. The 14-day RSI indicator also settled at the 61 level, boasting a favorable charged state, awaiting further upside challenges in the market next week.

Applied Materials (AMAT), which benefits from foundry demand in advanced packaging and deposition equipment, also showed a solid weekly rebound of 3.8%, setting the stage to knock on the upper Bollinger Band. NuScale Power (SMR), whose supply-demand momentum was boosted by its small modular reactor licensing competitiveness, also firmly concluded its weekly rally. Vertiv, a thermal management solutions provider, based on its RSI settling at the 59 level, completed preparations to directly absorb the benefits of the 10-year Treasury yield settling lower at the 4.06% level. The VIX, the fear index, showed a structure that had firmly settled lower near the 12.1 level, as if controlling the possibility of unexpected credit event risks during the off-market period.

The overall market assessment for Friday, concluding this week, is a calm waiting period where the U.S.'s pivotal employment report most perfectly supported a Goldilocks soft-landing scenario, and leading infrastructure strong players successfully conserved energy for next week's session by utilizing the Independence Day holiday closure. Rather than being swayed by macro optimism flowing through the media during the holiday or speculations about detailed indicators to be released next week, we should focus on the downward breakthrough direction of the 10-year U.S. Treasury yield, the real discount rate, at the 4.06% level. This is an optimal recharging weekend to comfortably await Monday's market opening and comparatively diagnose the settled price trajectories of monopolistic stocks in power grids and advanced micro-process equipment, which are guaranteed by order momentum.