Dow futures gains 155 points, U.S. market news Aug 10

The Dow futures contract was up 155 points, or 0.4%, by 06:30 ET (10:30 GMT), the S&P 500 futures were up 20 points, or 0.5%, and the Nasdaq 100 futures were up 80 points, or 0.5%.

1. Inflation in the United States, Disney’s TV ambitions – what’s influencing markets?
2. Dow futures rise; inflation data, Disney earnings in focus
3. Futures prices climb ahead of critical inflation data.
4. The United States is about to launch a long-awaited crackdown on real estate money laundering.
5. Oil prices remain stable ahead of US inflation statistics.
6. Ant Group’s quarterly earnings increased 17.5% year on year to 13.37 billion yuan, according to an Alibaba filing.
7. AppLovin stock rises 25% following a significant’ Q2 beat; analysts raise estimates
8. YETI rises as Q2 profitability improves due to lower costs.
9. The US economy is in ‘uncharted seas’ as inflation declines and unemployment remains low, according to a new research.
10. Telefonica collaborates with Elon Musk’s Starlink to connect distant clients.
11. Biden imposes a prohibition on certain US technology investments in China.
12. Oil prices have reached multi-month highs, with all eyes on US inflation figures.
13. Texas Instruments is to invest up to $1 billion in expanding its Philippine plants.
14. According to the group, Kellogg’s ‘woke’ workplace diversity programs are illegal.
15. The US Securities and Exchange Commission intends to appeal Ripple Labs’ coin judgement.
16. Tapestry is in talks to buy Michael Kors’ owner, according to the Wall Street Journal.
17. At the close of trading, the Dow Jones Industrial Average was down 0.54%.
18. As investors await US inflation statistics, Wall Street closes down.
19. Dow futures rise, as Disney gains 2.5% after earnings.
20. On picket lines during the 100-day strike, Hollywood authors demonstrate unity and outrage.
21. Yellow Trucking investigates alternative bankruptcy loans
22. Disney’s third-quarter sales fell short of expectations, and the company intends to raise streaming service prices.
23. Despite a Q2 beat and good guidance, the Trade Desk stock loses 5%.
24. According to the group, Kellogg’s ‘woke’ workplace diversity programs are illegal.

GLOBAL NEWS 

1. Japan’s markets are higher at the close of trade, with the Nikkei 225 up 0.87%.
2. Australia’s equities closed higher, with the S&P/ASX 200 up 0.26%.
3. The Nifty 50 is down 0.46% at the closing of trade in India.
4. Savills, a UK real estate advisor, reports a dramatic decline in profit, and its shares plummet.
5. Asia’s currency falls ahead of US inflation, but the yuan is supported by the PBOC.
6. European stocks are higher; earnings and inflation in the United States are in the spotlight.
7. The dollar falls ahead of the announcement of inflation data, while the euro rises.
8. Japan’s wholesale inflation has slowed yet again, supporting the case for stimulus.
9. The United Kingdom is considering its response to the United States’ embargo on technology investments in China.
10. Indian banks and indexes slump as a result of the RBI’s surprise move; metals thrive and defy market sentiment
11. As expected, India’s central bank maintains the benchmark rate while signalling tighter policy.
12. Siemens predicts decreasing demand patterns as the third quarter falls short of expectations.
13. Rakuten, Japan’s ailing online retailer, plans to merge its credit card and mobile payments businesses.
14. According to a Reuters poll, Japan’s core inflation likely slowed in July due to lower commodity prices.
15. Hapag-Lloyd’s net profit drops 67% in H1, but the company’s outlook remains unchanged.
16. Dollar reaches one-month high against the yen ahead of CPI; PBOC backs the yuan
17. Rakuten plans to merge its credit card and mobile payments businesses -NHK
18. Asian stocks fall on renewed US-China tensions and pre-CPI caution.
19. Global equities fall ahead of CPI data, while the dollar falls on China selling.
20. Asia’s currency falls ahead of US inflation, but the yuan is supported by the PBOC.
21. As expected, India’s central bank maintains the benchmark rate while signalling tighter policy.
22. Siemens predicts decreasing demand patterns as the third quarter falls short of expectations.
23. Rakuten, Japan’s ailing online retailer, plans to merge its credit card and mobile payments businesses.
24. According to a Reuters poll, Japan’s core inflation likely slowed in July due to lower commodity prices.
25. Hapag-Lloyd’s net profit drops 67% in H1, but the company’s outlook remains unchanged.
26. Dollar reaches one-month high against the yen ahead of CPI; PBOC backs the yuan

Economic data

• N/A

Global Economic Data

The bull-bear spread in the American Association of Individual Investors (AAII) weekly survey was 19.2 vs 27.7 last week. Bulls fall to 44.7% from 49%, Neutrals rise to 29.8% from 29.7%, Bears rise to 25.5% from 21.3%.

Economic Calendar

8:30 AM                  Weekly Jobless Claims

8:30 AM                   Continuing Claims

8:30 AM                   Consumer Price Index (CPI) M/M headline for July

8:30 AM                   Consumer Price Index (CPI) Y/Y headline for July

8:30 AM                   CPI Ex: Food & Energy (core) M/M for July

8:30 AM                   CPI Ex: Food & Energy (core) Y/Y for July

10:30 AM                 Weekly EIA Natural Gas Inventory Data

1:00 PM                    US Treasury to sell $18B in 30-year notes.

2:00 PM                    Federal Budget for July

3:00 PM                    Fed’s Bostic Gives Remarks at Event About Employment

Other Key Events:   

• UBS Private Software & Internet Conference, 8/9-8/10, in Menlo Park, CA
•  TD Cowen Hot Wheels Bus Tour, 8/8-8/10, in New Jersey

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