According to CoinMeta, Citibank strategist David Chew stated that the European stock market is the only major market region where risk appetite has shown a clear improvement recently, mainly due to new capital inflows and corporate earnings that exceeded expectations. The report indicates that the sentiment towards investment positions in all major European stock indices improved last week, while related indicators in the US market show that investor confidence is weakening. In the Asian market, concerns related to artificial intelligence have led to a clear divergence in investor positions, with the sentiment towards investment positions in South Korea's benchmark stock index having entered a highly bearish zone. Chew wrote that throughout July, the position situation of the Euro Stoxx 50 index remained remarkably stable, which stands in sharp contrast to the more significant position adjustments in major US stock indices and highlights that the European market is relatively less affected by AI related concerns. He noted that current market positions are still biased towards optimism rather than being in a state of frenzy. Citibank's strategist also mentioned that the European market has benefited from the European Central Bank's decision to maintain interest rates unchanged, and the overall performance during this earnings season generally exceeded market expectations.