- This topic has 99 replies, 4 voices, and was last updated 2 months ago by
.
- Posts
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
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)
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%.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%)
New Zealand’s Prime Minister Hipkins said that his country is looking to increase engagement with India.
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%)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%.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.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
Paramount Global (PARA 15.55, -0.41, -2.6%): parent company in talks with creditors, according to The Wall Street Journal
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.
- You must be logged in to reply to this topic.