Traders Market Weekly: Central Banks and Big Tech Calibrations

Viewing 15 posts - 1 through 15 (of 100 total)
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  • #62321
    Truman
    Participant

    Microsoft $MSFT 345.46, +0.22, +0.1%)

    Microsoft & PlayStation $SONY signed a binding agreement to keep Call of Duty on PlayStation following the acquisition of Activision Blizzard;

    – Microsoft will face EU competition investigation, according to FT

    #62322
    Truman
    Participant

    Activision Blizzard (ATVI 93.59, +3.52, +3.9%):

    US 9th Circuit Court of Appeals rejects FTC appeal to uphold block on Microsoft (MSFT) acquisition of Activision (ATVI)

    #62324
    Truman
    Participant

    Equity indices in the Asia-Pacific region began the week on a mostly lower note while markets in Japan were closed for a holiday and Hong Kong’s exchange was shuttered due to a typhoon risk.

    Japan’s Nikkei: CLOSED,
    Hong Kong’s Hang Seng: CLOSED,
    China’s Shanghai Composite: -0.9%,
    India’s Sensex: +0.8%,
    South Korea’s Kospi: -0.4%,
    Australia’s ASX All Ordinaries: -0.1%.

    #62325
    Truman
    Participant

    China’s Q2 GDP beat expectations on qtr/qtr basis, but retail sales underwhelmed, reminding about sluggish consumption. However, China’s National Bureau of Statistics said it remains confident about reaching this year’s targets.

    The People’s Bank of China made no changes to its one-year medium-term lending facility, but expectations remain in place for more rate adjustments in the coming months.

    China’s Q2 GDP 0.8% qtr/qtr (expected 0.5%; last 2.2%); 6.3% yr/yr (expected 7.3%; last 4.5%). June Industrial Production 4.4% yr/yr (expected 2.7%; last 3.5%), June Retail Sales 3.1% yr/yr (expected 3.2%; last 12.7%), June Fixed Asset Investment 3.8% yr/yr (expected 3.5%; last 4.0%), and June Unemployment Rate 5.2%, as expected (last 5.2%). June House Prices 0.0% yr/yr (last 0.1%)

    #62326
    Truman
    Participant

    New Zealand’s Prime Minister Hipkins said that his country is looking to increase engagement with India.

    #62327
    Truman
    Participant

    Singapore’s June trade surplus $5.788 bln (expected surplus of $5.55 bln; last surplus of $5.486 bln).
    June non-oil exports 5.4% m/m (expected 5.9%; last -14.6%); -15.5% yr/yr (expected -15.8%; last -14.8%)

    #62328
    Truman
    Participant

    Major European indices trade in the red with France’s CAC (-1.3%) leading the retreat amid relative weakness in consumer names after the release of underwhelming data from China.

    STOXX Europe 600: -0.5%,
    Germany’s DAX: -0.5%,
    U.K.’s FTSE 100: -0.3%,
    France’s CAC 40: -1.3%,
    Italy’s FTSE MIB: -0.3%,
    Spain’s IBEX 35: -0.1%.

    #62329
    Truman
    Participant

    British Prime Minister Sunak will name a new defense minister after the resignation of Ben Wallace.
    A British consumer watchdog is calling for government action to lower grocery prices.
    The U.K. will join the Trans-Pacific Partnership, but does not expect to sign a free trade agreement with the U.S.

    #62330
    Truman
    Participant

    Italy’s June CPI 0.0% m/m, as expected (last 0.3%); 6.4% yr/yr, as expected (last 7.6%)

    #62331
    Truman
    Participant

    PepsiCo (PEP 186.00, -2.21, -1.2%): Morgan Stanley downgraded to Equal Weight from Overweight

    AT&T (T 14.25, -0.25, -1.7%): Citigroup downgrades to Neutral from Buy

    Chewy (CHWY 40.00, +2.01, +5.3%): Goldman Sachs upgrades to Buy from Neutral

    State Street Corp. (STT 66.75, -1.35, -2.0%): JPMorgan downgrades to Underweight from Neutral

    #62332
    Truman
    Participant

    Tesla (TSLA 286.88, +5.50, +2.0%): announces that first Cybertruck has been built in Texas

    #62333
    Truman
    Participant

    Apellis Pharmaceuticals (APLS 58.75, -25.75, -30.5%): adverse event report with Syfovre

    #62334
    Truman
    Participant

    Paramount Global (PARA 15.55, -0.41, -2.6%): parent company in talks with creditors, according to The Wall Street Journal

    #62335
    Truman
    Participant

    The S&P 500 futures are down six points and are trading 0.1% below fair value.
    The Nasdaq 100 futures are down one point and are trading roughly in-line with fair value.
    The Dow Jones Industrial Average futures are down 82 points and are trading 0.2% below fair value.

    Wheat futures are up 3.2% on reports that Russia has suspended its Ukraine grain deal.

    #62336

    ^^^^ +1s for excellent insight for today & week ahead & wish great week ahead to all :)
    DON is circling in Atlantic & may turn into Tropical Storm later
    We’re gonna need a bigger boat – but it should stay away from USA

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