The Dow futures up 30 pionts, U.S. market news July 12th

The Dow futures contract was up 30 points, or 0.1%, the S&P 500 futures were up 7 points, or 0.2%, and the Nasdaq 100 futures were up 30 points, or 0.2%, as of 07:10 ET (11:10 GMT).

Today’s main U.S. market news-

1. Dow futures rise as important inflation numbers are highlighted.
2. What’s influencing markets: an increase in the U.S. CPI and a legal victory for the Microsoft-Activision deal
3. Investors target producers of consumer products because they fear a client exodus due to high prices.
4. Arm is in discussions with Nvidia to become an anchor investor before its anticipated initial public offering (IPO) – FT
5. Domino’s claims that it will deliver pizza orders placed through Uber.
6. The Bank of Canada anticipates raising rates as the economy performs well.
7. Salesforce stock targets are raised by analysts following unusual price increases.
8. According to Bernstein, Microsoft and Amazon continue to dominate CIO spending aspirations.
9. Conditional EU antitrust approval for Broadcom’s $61 billion VMware deal
10. Coty stock increases as reports surface that Kim Kardashian is in talks to buy back shares.
11. According to Canada’s labor minister, a solution to end the port strike is close.
12. American markets closed the day higher, with the Dow Jones Industrial Average rising by 0.93%.
13. Wall Street surpasses CPI; JPMorgan and financial equities rise.
14. Canada is looking into allegations that Nike and Dynasty Gold used forced labor in China.
15. The US judge approves Microsoft’s $69 billion Activision purchase, and the UK relaxes its stance.
16. KPMG will spend $2 billion on cloud and AI services.
17. JPMorgan intends to fire 63 workers in Jersey City.
18. Over $250 million will be paid by Bank of America for garbage fees and other problems.
19. WSJ: Disney looks at strategic options for its India operations.
20. Salesforce will increase the cost of some cloud products starting in August.
21. Payoneer reduces its workforce by 9%, and Goldman thinks well of the strategy
22. .

GLOBAL NEWS 

1. Indian markets fell at the end of trading; the Nifty 50 fell 0.28%.
2. Australian equities closed the day higher, with the S&P/ASX 200 rising by 0.38%.
3. Japanese stocks fell at the closing of trading; the Nikkei 225 fell 0.81%.
4.  Gold increases on a weaker dollar and yields ahead of US inflation data.
5. India’s Adani hopes to complete its $4 billion fundraising effort by the end of December.
6. EU fines Illumina €432M for acquiring the Grail without authorization.
7. European markets advance higher before important U.S. inflation data
8. Top 8 UK banks pass the Bank of England stress test with appropriate capital.
9. China’s export decline will continue in June, but imports are expected to decline: Reuters poll
10. Prior to the CPI announcement, Asia FX increases while the dollar drops to a 2-month low.
11. Asian stocks advance but the dollar weakens as traders watch the US inflation report.
12. According to Canada’s labor minister, a solution to end the port strike is close.
13. Canada is looking into allegations that Nike and Dynasty Gold used forced labor in China.
14. Cobham Aerospace Communications will be purchased by France’s Thales for $1.1B. 
15. In the third quarter, the parent company of Uniqlo saw its profit set a record high.
16. Sterling reaches a 15-month high as the dollar declines ahead of US inflation data.
17. Before CPI statistics, oil prices jump as the dollar falls as Brent approaches $80.
18. To stay stringent, the central bank of New Zealand keeps interest rates at 5%.
19. Ahead of the CPI report, gold prices increase as Fed concerns lessen.
20. The US judge approves Microsoft’s $69 billion Activision purchase, and the UK relaxes its stance.
21. Japan’s wholesale inflation declines for the sixth month in a row.

Economic Calendar

•     7:00 AM ET                  MBA Mortgage Applications Data
•     8:30 AM ET                  Consumer Price Index (CPI) Headline M/M for June
•     8:30 AM ET                  Consumer Price Index (CPI) Headline Y/Y for June
•     8:30 AM ET                  CPI Core Ex: Food & Energy M/M for June
•     8:30 AM ET                  CPI Core Ex: Food & Energy Y/Y for June
•     8:30 AM ET                  Fed’s Barkin Speaks on Inflation
•     9:45 AM ET                  Fed’s Kashkari Discusses Monetary Policy, Banking Solvency
•     10:30 AM ET                Weekly DOE Inventory Data
•     11:00 AM ET                Cleveland Fed CPI for June
•     1:00 PM ET                   US Treasury to sell $32B in 10-year notes.
•     1:00 PM ET                   Fed’s Bostic Speaks at Atlanta Fed Payments Forum
•     2:00 PM ET                   Federal Reserve Releases Beige Book

Other Key Events:

SEMICON West 2023, 7/11-7/13

China Trade Balance, Import, Export Data for June

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