Dow Futures contract was up 65 points, or 0.2%, at 06:20 ET (10:20 GMT), the S&P 500 Futures contract was up 10 points, or 0.2%, and the Nasdaq 100 Futures contract was up 40 points, or 0.3%.
U.S NEWS
- What’s moving markets? Fed minutes fallout, Walmart on deck
- Dow futures rise; Walmart and unemployment claims data in focus
- The dollar is nearing two-month highs following the release of the Fed minutes, while the yen remains sluggish.
- Oppenheimer lifts its price target on Nvidia stock for the eighth time in August.
- BTIG cautions that the S&P 500 may fall to 4200 in the next weeks.
- Wolfspeed falls 13% as accounting changes impact results and outlook.
- Despite a head start in AI search, Microsoft struggles to gain ground on Google – WSJ
- The 10-year Treasury yield in the United States has reached its highest level since October, weighing on stocks.
- Evogene’s profitability exceeded expectations, while revenue fell short.
- Blue Shield of California is abandoning CVS Health’s Caremark brand – WSJ
- Tesla will commence mass production of the redesigned Model 3 in China.
- TikTok is banned on government-owned smartphones in New York City due to security concerns.
- Stellantis spends more than $100 million in a lithium plant in California.
- BAE Systems will pay $5.55 billion for Ball’s aerospace business.
- Nice ADR profits beat by $0.08, and revenue exceeded expectations.
- Hindenburg wants Freedom Holding to continue operating with unregistered Russians.
- Wall Street opens down ahead of the Fed minutes; Target increases
- Fed meeting minutes may indicate the end of rate rises.
- DLocal Limited gains on earnings beat and names former Mercado Libre CFO as new co-CEO
- Bank of America is still optimistic about Li Auto’s increasing pipeline.
- Dow futures rise little, as Cisco gains 2.2% following earnings.
- Fitch may reconsider China’s A+ rating as the country’s economic woes worsen.
- Oil prices fell to a two-week low due to concerns about China and the Fed’s aggressive stance.
- WSJ reports that Paramount has abandoned efforts to sell its interest in BET Media.
GLOBAL NEWS
- The Nifty 50 is down 0.51% at the closing of trade in India.
- At the finish of trading in Australia, the S&P/ASX 200 was down 0.68%.
- Japan’s markets are lower at the close of trade, with the Nikkei 225 down 0.61%.
- European stocks slump on disappointing earnings, while Fed minutes sour sentiment.
- Embracer’s stock rises as the company maintains its outlook.
- Eurostat reports that bankruptcies in the EU are at their highest level since 2015.
- The Eurozone trade surplus expands in June as Russia imports fall.
- Adyen’s stock has plummeted following an earnings shortfall.
- Lenovo’s first-quarter revenue falls short of expectations, owing to weak PC demand.
- European markets fall on hawkish Fed minutes and China’s worries; BAE falls.
- The Philippines’ central bank holds interest rates constant, but is prepared to continue raises if necessary.
- Norway’s central bank boosts interest rates to 4.0%, with another hike planned for September.
- According to papers, Goldman Sachs used derivatives to assist Exor in acquiring a $2.8 billion stake in Philips.
- BAE Systems acquires Ball Corporation’s aerospace division for around $5.55 billion.
- Lenovo’s first-quarter revenue falls short of expectations, owing to weak PC demand.
- With its London launch, Australia’s $100 billion pension fund is targeting private assets.
- Adyen’s stock fell more than 20% after the company’s earnings were missed.
- According to a poll, Norwegian oil corporations will increase their investments.
- Asian stocks fall as Fed jitters hit technology and China worries grow.
- Japan’s exports have fallen for the first time since 2021, raising concerns about the prospects.
- Exclusive: China’s major state banks sell dollars for yuan during London and New York hours, according to sources.
- Asian markets fell to a nine-month low due to concerns about the Chinese economy and US interest rates.
- Jobs in Australia fell unexpectedly in July as the market loosened.
- The dollar shines on the strength of the US economy, while the Australian dollar falls following job data.
- Australian employment falls in July, but unemployment climbs.
- Telstra Australia abandons its proposal to sell a stake in InfraCo, and its stock falls.
- According to a Reuters poll, 40% of Japanese corporations see an impact on fundraising as a result of the BOJ change.
- Colombia’s Grupo Aval reports a 75% drop in earnings as bank margins contract.
Economic data
- July housing starts in the United States increased by 3.9% year on year, compared to an estimate of 1.1% and -11.7% in June. Single-family housing is up 6.7%, while multifamily housing is down 1.7%.
- US industrial production increased by 1.0% month over month, compared to an anticipated increase of 0.3% and a previous decrease of 0.5%. Capacity utilisation was 79.3%, which was about in line with estimates. The annual rate of motor vehicle assembly increased to 11.87 million units in July, up from 10.91 million in June.
Global Economic Data
- The bull-bear spread in the American Association of Individual Investors (AAII) weekly survey was 5.8 vs 19.2 last week. Bulls fall to 35.9% from 44.7%, Neutrals rise to 34% from 29.8%, Bears rise to 30.1% from 25.5%.
Economic Calendar
8:30 AM Weekly Jobless Claims…est. 240K
8:30 AM Continuing Claims…est. 1.7M
8:30 AM Philly Fed Business Index for August…est. -10.0
10:00 AM Leading Index Change M/M for July…est. (-0.4%)
10:30 AM Weekly EIA Natural Gas Inventory Data
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