Traders Market Weekly: China, NVidia, BRICS and Jackson Hole Risks

Viewing 15 posts - 76 through 90 (of 115 total)
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  • #64126

    Dow 34,765.74 -180.65 -0.52%
    S&P 500 4,404.33 -33.53 -0.76%
    Nasdaq 13,474.63 -156.42 -1.15%
    VIX 16.77 0.31 1.88%
    Gold 1,923.40 -11.80 -0.61%
    Oil 79.28 -1.71 -2.11%
    Bitcon 29,069

    One of best rock jams all-time featured below 🙂

    #64136
    Truman
    Participant

    Equity indices in the Asia-Pacific region ended Thursday on a mostly lower note.

    Japan’s Nikkei: -0.4%,
    Hong Kong’s Hang Seng: UNCH,
    China’s Shanghai Composite: +0.4%,
    India’s Sensex: -0.6%,
    South Korea’s Kospi: -0.2%,
    Australia’s ASX All Ordinaries: -0.6%.

    #64137
    Truman
    Participant

    Japan’s June Core Machinery Orders 2.7% m/m (expected 3.6%; last -7.6%); -5.8% yr/yr (expected -5.5%; last -8.7%)
    June Tertiary Industry Activity Index -0.4% m/m (expected -0.2%; last 1.2%).

    July trade deficit JPY560 bln (expected deficit of JPY660 bln; last deficit of JPY540 bln).
    July Imports -13.5% yr/yr (expected -14.7%; last -12.9%) and Exports -0.3% yr/yr (expected -0.8%; last 1.5%)ast 0.2%)
    Japan’s exports fell 0.3% yr/yr in July, representing the first decrease in 29 months due to weak demand from China while exports to the U.S. reached a record.

    #64138
    Truman
    Participant

    South Korea’s July Import Price Index -13.5% yr/yr (expected -20.8%; last -16.1%) and Export Price Index -12.8% yr/yr (expected -16.5%; last -15.0%)

    #64139
    Truman
    Participant

    Singapore’s July trade surplus $6.49 bln (last surplus of $5.851 bln).
    July non-oil exports -3.4% m/m (expected 2.6%; last 5.2%); -20.2% yr/yr (expected -16.5%; last -15.6%)

    Hong Kong’s July Unemployment Rate 2.8%, as expected (last 2.9%)

    #64140
    Truman
    Participant

    Australia’s July Employment Change -14,600 (expected 15,000; last 31,600) and full employment change -24,200 (last 38,000).
    July Unemployment Rate 3.7% (expected 3.6%; last 3.5%) and participation rate 66.7% (expected 66.8%; last 66.8%)

    Australia reported its first month of job losses since April, fueling calls for the Reserve Bank of Australia to refrain from raising rates again.

    #64141
    Truman
    Participant

    New Zealand’s Q2 Input PPI -0.2% qtr/qtr (expected 0.2%; last 0.0%) and Output PPI 0.2% qtr/qtr (expected 0.7%; last 0.2%)

    #64142
    Truman
    Participant

    Japan’s 20-yr debt sale was met with dismal demand.

    #64143
    Truman
    Participant

    Major European indices trade near their flat lines.
    STOXX Europe 600: -0.2%,
    Germany’s DAX: UNCH,
    U.K.’s FTSE 100: -0.2%,
    France’s CAC 40: UNCH,
    Italy’s FTSE MIB: -0.1%,
    Spain’s IBEX 35: UNCH.

    #64144
    Truman
    Participant

    Eurozone’s June trade surplus EUR23.0 bln (expected surplus of EUR18.3 bln; last deficit of EUR300 mln)
    Spain’s June trade deficit EUR2.36 bln (expected deficit of EUR4.31 bln; last deficit of EUR3.11 bln)

    #64145
    Truman
    Participant

    Norges Bank raised its deposit rate by 25 bps to 4.00% and indicated that another rate hike is likely to take place in September.

    European Central Bank policymaker Kazaks said that any additional rate hikes would be small.

    #64146
    Truman
    Participant

    British Prime Minister Sunak said he is committed to maintaining the government’s plan for raising state pensions, even though this could result in a double-digit increase.

    #64147
    Truman
    Participant

    Cisco (CSCO 54.24, +1.28, +2.4%): beats by $0.08, beats on revs; guides OctQ EPS above consensus, revs in-line; guides FY24 EPS in-line, revs in-line

    Synopsys (SNPS 435.00, +6.79, +1.6%): beats by $0.14, reports revs in-line; guides Q4 EPS above consensus, revs in-line; guides FY23 EPS above consensus, revs in-line; announced last night Sassine Ghazi to assume President and CEO Role Jan. 1, 2024

    Wolfspeed (WOLF 44.51, -8.66, -16.3%): misses by $0.22, beats on revs; guides SepQ EPS below consensus, revs in-line

    Paycor (PYCR 22.00, -0.87, -3.8%): beats by $0.03, beats on revs; guides SepQ revs below consensus; guides FY24 revs in-line

    #64148
    Truman
    Participant

    Walmart (WMT 160.72, +1.44, +0.9%): beats by $0.13, beats slightly on EPS; guides Q3 EPS in-line, revs above consensus; raises FY24 guidance; Q2 US comps 6.4%

    Tapestry (TPR 33.90, -0.43, -1.3%): misses by $0.02, misses on revs; guides FY24 EPS below consensus, revs below consensus

    #64149
    Truman
    Participant

    Adobe (ADBE 524.00, +9.51, +1.9%): upgraded to Buy from Neutral at BofA Securities

Viewing 15 posts - 76 through 90 (of 115 total)
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