Thursday, July 29

ukmarketwrap

China, coronavirus, COVID-19, Markets, MI Exclusive, Stock Market Today, Stocks, Stocks 2021, stocks and the economy, ukmarketwrap

US stock futures dip as investors eye Big Tech earnings, while Asian equities slide on escalating Chinese clampdowns

Bryan R. Smith / AFP via Getty Images Global stock markets traded lower on Tuesday as investors moved into wait-and-see mode. Alibaba and Meituan shares slide in Hong Kong, on worries about China's regulatory crackdowns. The US rise in COVID-19 cases could prompt the Fed to stick to its pace of asset purchases, a strategist said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks looked poised to open slightly lower on Tuesday as investors focus on earnings reports from major technology companies, while Asian equities slid on concerns about China's clampdowns on key industry sectors.Futures on the Dow Jones, S&P 500, and Nasdaq fell as much as 0.4%, suggesting the indexes will trade lower when markets open later in the day.Tesla reported earnings ...
Bitcoin, Markets, MI Exclusive, Stock Market Today, Stocks, Stocks 2021, stocks and the economy, ukmarketwrap

US stock futures slip ahead of Tesla earnings in the wake of Asia’s rout, while bitcoin surges past $38,000

Spencer Platt/Getty Images US stocks looked set to open in the red on Monday ahead of Tesla's second-quarter earnings, as Asian equities plunged to a yearly low over tighter government regulations.Futures on the Dow Jones, S&P 500, and Nasdaq fell 0.3%, suggesting a lower start to trading later in the day.Over one third of the S&P 500 companies are set to report earnings results this week, including the biggest tech firms. Elon Musk's electric-vehicle maker kicks off on Monday, followed by Alphabet, Apple, Microsoft on Tuesday, and Facebook on Wednesday.Asian markets returned from the weekend on a weaker footing given the series of regulatory crackdowns in China. The tech sector has already been under pressure in recent weeks. But the government has now turned its eye to the educ...
earnings 2021, Markets, MI Exclusive, stock market, stock market 2021, Stocks, Tech, ukmarketwrap

US stocks edge higher on blockbuster tech earnings, while Asian equities dip on concerns of tighter market regulation

TIMOTHY A. CLARY/AFP via Getty Images US stock futures rose on Friday as investors focused on strong tech earnings, and shrugged off underwhelming economic data ahead of next week's Federal Reserve meeting.Futures on the Dow Jones, S&P 500, and Nasdaq rose 0.4%, signaling a higher start to trading later in the day.A fresh round of company earnings saw tech stocks outperform, with both Snap and Twitter beating earnings estimates and rising in after-hours trading. Facebook and Alphabet shares also rose in extended trading. US initial jobless claims for the week ended Saturday came in at 419,000, far above expectations of 350,000, but analysts said this was dismissed by investors as "seasonal." Separately, the potential $1 trillion infrastructure deal is getting closer to th...
covid and economy, COVID and stock market, covid economy, covid stimulus, ECB, equity markets, European Central Bank, Markets, MI Exclusive, Oil, Oil price, stock market, Stock Market Today, ukmarketwrap, US futures

Global stocks tumble as delta variant cases soar; oil falls after OPEC+ reaches a deal on supply

JOHANNES EISELE/AFP via Getty Images Global stocks tumbled on Monday with US futures and European markets echoing the weakness that dominated the trading day in Asia and losing ground as delta variant cases continue to soar around the world.US futures were last down on Monday at 4:52 am ET. Dow Jones futures dropped by 0.95%, S&P 500 futures lost 0.69% and Nasdaq futures dipped by 0.36%. Yields on 10-year Treasury notes were last at 1.251%, down 4.3 basis points on the day, reflecting the pickup in investor desire for safe-haven assets. Investors are awaiting a potential vote on the Biden administration's bipartisan infrastructure bill and are looking towards the release of housing market data. The rising cases and resulting tightening of lockdown restrictions weighed on ...
Bitcoin, inflation, Markets, MI Exclusive, stock market, Stock Market Today, Stocks, stocks and inflation, stocks and the economy, ukmarketwrap

Global stocks fall after US consumer prices post their fastest gain in 13 years, while bitcoin drops to $31,900

Spencer Platt/Getty Images Global stocks edged lower on Wednesday after US consumer prices rose at their fastest monthly rate since 2008, raising fears the Federal Reserve may have to wind down some of the accommodative polices it's had in place since the pandemic sooner than expected.The Consumer Price Index reading rose 0.9% between May and June, higher than the consensus forecast for a rise of 0.5% according to a Bloomberg poll. This marks the fastest monthly gain in prices since a 1.0% increase in April 2008.Futures on the Dow Jones, S&P 500, and Nasdaq fell 0.2%, suggesting a lower start to trading later in the day.Prices have been rising faster than ever over the past several months as demand for goods and services exceeds supply. The latest reading showed consumer inflatio...
Bitcoin, Bond Yields, Dollar, Dow Jones, Markets, MI Exclusive, NASDAQ, oil prices, s&p 500, ukmarketwrap, US futures, US stocks

US stock futures tumble as investors fret about economic recovery, while bond yields slide for 8th straight day

Investors have become more cautious about US stocks in recent weeks. Johannes Eisele/Getty Images US futures tumbled in European trading on Thursday as investors reassessed the economic outlook. Bond yields, which move inversely to prices, also fell as investors took cover in the safe assets. Investors are concerned about the delta COVID-19 variant and central bank policy, analysts said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stock futures fell sharply on Thursday, as doubts crept in about the strength of the global economic recovery, and concerns grew about the delta coronavirus variant.Meanwhile, bond yields fell for the eighth session in a row as investors bet that inflation would be weaker than previously expected.S&P 500 futures fell 1% ...
Markets, Markets and Economy, markets and the election, MI Exclusive, stock markets, Stocks, stocks and covid, stocks and the economy, ukmarketwrap

European stocks edge lower as investors eye the spread of the Delta variant, while China’s tech sector weighs regulatory scrutiny

LoadingSomething is loading. European markets opened mostly lower on Monday as the spread of the Delta variant had a dampening effect on some of the reopening bullishness, while US markets were closed, meaning trading volumes would likely be thinner. London's FTSE 100 fell 0.02%, the Euro Stoxx 50 fell 0.4%, and Frankfurt's DAX fell 0.5%.US markets were clos...
coronavirus, COVID-19, delta variant, Markets, MI Exclusive, stock markets, Stocks, stocks and covid, stocks and the economy, ukmarketwrap

US stocks hover near record highs at the start of the 2nd half of 2021, but the Delta variant knocks Asian equities and boosts the dollar

A stock trader claps at the end of trade at the New York Stock Exchange EMMANUEL DUNAND/AFP via Getty Images US stocks traded near record-highs on Thursday, while Asian markets dipped on worries over the Delta variant. But according to JPMorgan, the variant's spread doesn't pose a risk to the stock market. The S&P 500 recorded one of its strongest first-half performances in 23 years this year. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks hovered near record-highs on the arrival of the second half of the year on Thursday, but investor sentiment that has been dampened by the spread of the Delta variant put Asian markets on a weaker footing.Futures on the Dow Jones, and Nasdaq rose between 0.2% and 0.4%, suggesting a higher start to tradin...
Eurozone, gold, gold price, gold price today, inflation, Markets, MI Exclusive, Oil, Oil price, Shares, Stocks, ukmarketwrap, US futures

Global shares rally slows down as investors await US private-sector jobs data; gold tumbles while oil regains strength

JOHANNES EISELE/AFP via Getty Images Global shares stalled on Wednesday, hovering near record-highs, as caution set in ahead of a key read of US private-sector employment and as a surge in cases of Covid-19 in Asia in particular dented some investor confidence.US stock futures eased, after the benchmark indices hit all-time highs the previous day. Dow Jones futures declined by 0.28%, S&P 500 futures were down 0.15% and Nasdaq futures dipped 0.4% at 4:24 am ET. Economists widely expect the private-sector ADP jobs report to show 600,000 workers were added to payrolls in June, versus May's 978,000.US private-sector jobs data is often used as an indication for how weak or strong the broader US non-farms payroll data-due to be released on Friday-will be. Jobs data has been a key measu...
Bond Yields, Dow Jones, infrastructure bill, Joe Biden, Markets, MI Exclusive, NASDAQ, oil prices, s&p 500, ukmarketwrap, US stocks

S&P 500 and Nasdaq futures hover near record highs after Joe Biden strikes $1 trillion infrastructure deal, while oil prices rise

President Joe Biden (right) reached a deal with Republicans on infrastructure. Jacquelyn Martin/AP S&P 500 futures hovered near a record high on Friday after President Joe Biden struck a deal with Republicans on a $1 trillion infrastructure deal, which includes $579 billion of new spending.Futures for the benchmark S&P 500 were up 0.05%, while Nasdaq 100 futures rose 0.04%, after both indices hit a record high on Thursday. Dow Jones futures rose 0.26%, with industrial firms more likely to benefit from infrastructure spending.In Asia overnight, China's CSI 300 jumped 1.63% while Japan's Nikkei 225 climbed 0.66%. In Europe, the Stoxx 600 index slipped 0.09% in early trading.President Biden's deal would see over $1 trillion spent on upgrading the US's infrastructure over the next ei...