| | | | | | | Do you want to earn $5k+ per week from trading? Start making money in as little as 20 minutes per day. It really is possible with the right strategy. 28 day free trial. Register for free trial | | |
| | US Market |  | | NYSE | AMEX | Dow Jones | Nasdaq |  |  |  |  | | Please click on the images to view our interactive charts | | The major U.S. index futures are pointing to a higher opening on Tuesday, with stocks likely to extend the upward trend seen over the past several sessions.
The upward momentum on Wall Street comes as optimism about the upcoming earnings season has overshadowed recent trade concerns.
Snack food and beverage giant PepsiCo (PEP) released its second quarter results this morning, reporting earnings that exceeded analyst estimates.
Financial giants Citigroup (C), JPMorgan Chase (JPM) and Wells Fargo (WFC) are due to report their quarterly results before the start of trading on Friday.
Stocks moved sharply higher over the course of the trading session on Monday, extending the strong upward move seen last Friday.
The major averages all ended the day firmly in positive territory. The Dow soared 320.11 points or 1.3 percent to 24,776.59, the Nasdaq advanced 67.81 points or 0.9 percent to 7,756.20 and the S&P 500 climbed 24.35 points or 0.9 percent to 2,784.17.
Buying interest was generated in reaction to strength in the overseas markets, as traders shrugged off recent concerns about a global trade war.
Traders also continued to react positively to last Friday's Labor Department report showing stronger than expected job growth in the month of June.
A light day on the U.S. economic front kept trading activity somewhat subdued, however, with traders looking ahead to the release of reports on producer and consumer price inflation in the coming days.
Banking stocks showed a substantial move to the upside as the trading day progressed, driving the KBW Bank Index up by 2.6 percent.
Significant strength was also visible among oil service stocks, as reflected by the 2.5 percent jump by the Philadelphia Oil Service Index. The rally by oil service stocks came amid a modest increase by the price of crude oil.
Transportation, brokerage, steel, and computer hardware stocks also moved notably higher, reflecting broad based buying interest on Wall Street.
On the other hand, utilities stocks showed a considerable move to the downside on the day, dragging the Dow Jones Utilities Average down by 3.1 percent.
|
| | Eccentric Millionaire Reveals His Secret $1.8 Million Cryptocurrency Script Click here |
| | U.S. Economic Reports | | | | CADUSD | Oil | Gold | Allbanc |  |  |  |  | | Please click on the images to view our interactive charts | |
At 1 pm ET, the Treasury Department is scheduled to announce the results of its auction of $33 billion worth of three-year notes. |
| | Is Donald Trump Launching a NEW SOCIAL SECURITY PROGRAM? Click here for the details. |
| | Europe |
European shares have extended recent gains on Tuesday as investors brushed aside trade worries and looked ahead to a strong quarterly earnings season.
While the U.K.?s FTSE 100 Index has inched up by 0.1 percent, the German DAX Index is up by 0.3 percent and the French CAC 40 Index is up by 0.4 percent.
British social care services firm Cambian has soared after receiving a takeover approach from rival CareTech Holdings Plc.
German windpower group Nordex has jumped on bagging a 595 megawatt wind turbine order in Brazil.
Petrofac has also risen in London. The oil and gas services company has received a contract valued around $200 million in total from TenneT, a Dutch-German transmission grid operator.
On the other hand, Volkswagen has dropped after a U.S. appeals court upheld its $10.03 billion settlement with car owners caught up in the company's emissions cheating scandal.
Tesco has also moved to the downside as its U.K. chief executive, Charles Wilson, stepped down from the board following treatment for cancer.
TP ICAP shares have slumped on news the inter-dealer broker has fired Chief Executive Officer John Phizackerley amid mounting costs linked to Brexit.
On the data front, German investor confidence fell to its lowest level in nearly six years in July, as sentiment was hurt by political uncertainty, survey data from the Centre for European Economic Research showed.
The ZEW Indicator of Economic Sentiment for Germany dropped 8.6 points to minus 24.7 points, which was the lowest reading since August 2012.
France's industrial production declined for the third straight month in May, defying economists' forecast for an increase, the statistical office Insee showed.
Industrial output dropped a seasonally adjusted 0.2 percent sequentially, slower than the 0.5 percent fall in April.
U.K economic growth increased in May, led by services, while production declined, the first ever-monthly GDP estimate from ONS revealed.
GDP grew 0.3 percent month-on-month in May after the 0.2 percent increase in April and a flat reading in March.
Another report showed that U.K. industrial production decreased for the third straight month in May, defying economists' forecast for an increase.
Industrial production fell 0.4 percent month-over-month in May, slower than April's revised 1.0 percent decline.
|
| | Strategic Intelligence What?s the one money move that?s almost predestined to soar under Trump? It?s not a stock, a mutual fund or even real estate.
Click here to find out what it is. |
| | Asia | | | | USDCAD | USDEUR | USDGBP | USDJPY |  |  |  |  | | Please click on the images to view our interactive charts | |
Asian stocks rose for the third straight day on Tuesday as higher oil prices and optimism about the upcoming corporate earnings season helped investors brush aside trade and Brexit-related concerns.
China's Shanghai Composite index rose 12.33 points or 0.4 percent to 2,827.44 after official data showed consumer prices in China grew an annual 1.9 percent in June, matching expectations and up from 1.8 percent in May.
The producer prices index jumped an annual 4.7 percent versus expectations for 4.5 percent and up from 4.1 percent a month earlier. Hong Hong's Hang Seng Index gave up early gains to finish marginally lower.
Japanese shares extended gains from the previous session, with overnight gains on Wall Street and a weaker yen boosting sentiment. The Nikkei 225 Index rose 144.71 points or 0.7 percent to close at 22,196.89. The broader Topix index closed 0.3 percent higher at 1,716.13.
Oil refiner Idemitsu Kosan soared 12.6 percent and Showa Sekiyu jumped 9.7 percent after they agreed to merge in April next year via a share swap.
Yahoo Japan surged up 11.4 percent after SoftBank Group announced it would raise its stake in the company through a $2 billion, three-way deal.
Nissan Motor rallied 3.8 percent. The automaker admitted that it has uncovered falsified data from car exhaust emissions tests at most of its Japanese factories.
Meanwhile, Australian shares gave up early gains to end lower, with banks pacing the decliners. The benchmark S&P/ASX 200 Index ended down 27.90 points or 0.4 percent at 6,258.10, while the broader All Ordinaries Index shed 23.60 points or 0.4 percent to close at 6,342.80.
Banks ANZ, Commonwealth Bank of Australia and Westpac fell 1-2 percent. Higher commodities and oil prices helped lift material and energy stocks, with Woodside Petroleum, Rio Tinto, Fortescue Metals Group and BHP Billiton rising between 0.6 percent and 1.1 percent.
Village Roadshow shares entered a trading halt after the theme park and cinema operator announced a A$51 million capital raising and also said it will write down the value of its Gold Coast theme parks by A$95 million.
In economic news, business confidence in Australia was unchanged in June, the latest survey from National Australian Bank revealed with an index score of +6, unchanged from the May reading.
|
| | Discover the NUMBER 1 Trading Strategy You Need to Know During Uncertain Market Conditions. Consistent and safe returns up to 40%
Download Free Training Material |
| | Commodities |
Crude oil futures are climbing $0.31 to $74.16 a barrel after inching up $0.05 to $73.85 a barrel on Monday. Meanwhile, after rising $3.80 to $1,259.60 an ounce in the previous session, gold futures are falling $5.70 to $1,253.90 an ounce.
On the currency front, the U.S. dollar is trading at 111.19 yen compared to the 110.85 yen it fetched at the close of New York trading on Monday. Against the euro, the dollar is valued at $1.1715 compared to yesterday?s $1.1751.
|
| | | | | | | To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49 | |
No comments:
Post a Comment