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HomeLatest NewsGlobal NewsDow future up 115 points, U.S. market news June 30

Dow future up 115 points, U.S. market news June 30

The Dow futures contract was up 115 points, or 0.3%, the S&P 500 futures were up 20 points, or 0.4%, and the Nasdaq 100 futures were up 85 points, or 0.6%, by 06:50 ET (10:50 GMT).

Today’s main U.S. market news-

  1. Dow futures rise ahead of a crucial inflation report.
  2. What’s affecting markets? Important inflation data, Nike profits, and U.K. housing woe
  3. Following Citi’s new Street-high target, Apple is poised to make an unprecedented push above $3 trillion.
  4. WSJ: Bausch + Lomb will pay $1.75 billion to purchase a dry-eye medication from Novartis.
  5. Strong inflows continue to come into large cap stocks.
  6. Apple, Carnival, and Nike post premarket losses while Constellation Brands and
  7. Ford signs preliminary agreement to sell German facility to investor
  8. Oil is expected to drop for a fourth consecutive quarter.
  9. U.S. stocks were divided at the market’s closing, with the Dow Jones Industrial Average up 0.80%.
  10. US legislator calls for labelling and limitations on AI material
  11. the greatest decline in 20 months in US weekly jobless claims as the economy remains resilient.
  12. the greatest decline in 20 months in US weekly jobless claims as the economy remains resilient
  13. The decline in North America is highlighted by Nike’s ominous projection.
  14. Overstock, an online retailer, is becoming Bed Bath & Beyond.
  15. Google will stop serving Canadian news due to the law on paying publishers
  16. Canada claims that the Activision acquisition by Microsoft is likely to reduce competition.
  17. The Czech Republic receives F-35 approval from the US State Department.
  18. The sale of SVB Financial’s investment banking division is almost approved.
  19. Three are accused of  insider trading before the proposed merger of Trump Media.
  20. 6.71% is the new high for the US 30-year mortgage rate, ending a three-week decline.

GLOBAL NEWS 

  1. The CAC and DAX each gained 0.5 percent as the European market traded higher.
  2. Japan’s markets are lower at the close of business, with the Nikkei 225 down 0.14%.
  3. Bulls and FIIs propel Indian markets to fresh highs, with the Nifty topping 19,100.
  4. European markets rise in anticipation for a China stimulus; inflation statistics are the main topic.
  5. Inflation in the eurozone fell further in June as energy prices fell.
  6. Asian stocks under pressure due of dismal Chinese data and Fed ambiguity
  7. Nikkei, Taiwan, and Asian markets trade mixed; Shanghai, Kospi gain
  8. As demand diminishes, China’s industry activity continues to decline.
  9. UK economy has a sluggish 2023 beginning as inflation weighs
  10. German retail sales increased in May, but economists say this is temporary.
  11. Political risk worries cause the rouble to fall to a more than 15-month low versus the dollar.
  12. On Friday, the Bombay Stock Exchange (BSE) reached a fresh record high of Rs 295.72 lakh crore.
  13. RBA to increase rates to 4.35% on July 4; decision is precarious, according to Reuters poll.
  14. Australia and the EU’s trade ministers discussed a potential free trade agreement. – origin.
  15. Under pressure from the US, the Dutch propose new export regulations for semiconductor equipment.
  16. Thailand’s economy expands in May thanks to tourism and consumer spending rise.
  17. As traders wait for important US inflation data, gold fails to gain momentum.
  18. Brent oil is expected to record its first monthly gain of the year due to supply concerns.
  19. After dismal Chinese PMIs, oil prices dipped, but Brent is expected to rise in June.
  20. Inflation in the Tokyo CPI climbs less than anticipated in June and is still sticky.
  21. A $3 billion staff-level agreement between Pakistan and the IMF
  22. Yuan declines following China PMI report as yen slips past crucial level of 145 to the dollar.
  23. UK mortgage rates have increased once more, hurting homeowners and potential purchasers.
  24. Chinese manufacturing PMI declined  in June for the third consecutive month.
  25. Strong economic growth in South Korea in May paints a more optimistic third
  26. Thai factory output decreased by 3.14% y/y in May, less than anticipated.
  27. The finance minister of Japan issues a warning against a currency depreciation that is extreme.
  28. Tokyo inflation indicates growing pricing pressure and challenges the dovish attitude of the BOJ

Economic Data

  • U.S. Q1 GDP increases by a bigger +2.0% compared to the earlier estimate of 1.4% consensus and 2.6% in Q4 2022, and Q1 Personal Consumption increases by a greater +4.2% compared to the prior estimate of 3.8% and 3.8%.
  • The PCE price index for the first quarter was +4.1% compared to +4.2% consensus and the earlier estimate of +4.2%, while the Core PCE price index was +4.9% compared to +5.0% predicted and +5.0% previous estimate.
  • Weekly jobless claims decreased to 239K in the most recent week, below the consensus of 265K, while the 4-week moving average increased to 257,500 from 256,000 the week before. Continuance claims also decreased, from 1.742M to 1.761M, while the US insured unemployment rate remained at 1.2%.
  • Pending Home Sales fell (-2.7%) M/M in May to 76.5, down from (-0.6%) consensus and 0.0% in April. Y/Y, pending sales decreased (-22.2%).

Global Economic data

  •  China’s factory activity in June; According to data from the National Bureau of Statistics issued on Friday, China’s factory activity decreased in June for a third consecutive month. The official manufacturing purchasing managers’ index (PMI) came in at 49.0 in June, up from 48.8 in May and 49.2 in April.

Economic Calendar

  •    8:30 AM ET                  Personal Income M/M for May
  •      8:30 AM ET                  Personal Spending M/M for May
  •      8:30 AM ET                  PCE Price Index M/M for May
  •      8:30 AM ET                  PCE Price Index Y/Y for May
  •      8:30 AM ET                  Core PCE Price Index M/M for May
  •      8:30 AM ET                  Core PCE Price Index Y/Y for May
  •      9:45 AM ET                  Chicago PMI for June
  •     10:00 AM ET                University of Michigan Confidence, Jun-F
  •     10:00 AM Et                 University of Michigan a 1 and 5-year inflation expectations
  •    1:00 PM ET                   Baker Hughes Weekly rig count data

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