Major US indices continue to update historic highs
The earnings of more than 75% of major US companies surpassed 2019 levels in Q2. This suggests that many types of businesses have adapted to the new conditions.
Oil rose on Monday as US Gulf Coast refineries faced uncertainty over the timing of a restart after Hurricane IDA damaged the region. Natural gas prices in Europe continue to rise. The gas price in the European futures market exceeded $600 per thousand cubic meters for the first time in history. High prices are supported by such factors as low storage levels in Northwest Europe and the uncertainty with the launch of Nord Stream 2.
The US Treasury yields are declining. This indicator correlates inversely with gold and silver prices. As long as the Fed maintains a soft monetary policy, the price of precious metals will rise. Industrial metals are also on investors’ radars right now.
Asia-Pacific stocks have decreased during Tuesday’s morning trading as data shows a slowdown in manufacturing activity in China in August. Japan’s Nikkei 225 index decreased by 0.1%, South Korea’s Kospi lost 0.15%, Hong Kong’s Hang Seng index and China’s CSI300 blue-chip index opened lower by 0.1% and 0.2%, respectively. In response to growing concerns about gaming addiction, Chinese regulators reduced the period of time players can spend playing online games. Users under 18 will only be allowed to play games between 8 p.m. and 9 p.m. local time and only on specific days. Online gaming companies will be prohibited from providing gaming services to minors in any form outside of those hours.
S&P 500 (F) 4,528.79 +19.42 (+0.43%)
Dow Jones 35,399.84 −55.96 (−0.16%)
DAX 15,887.31 +35.56 (+0.22%)
FTSE 100 7,148.01 +23.03 (+0.32%)
USD Index 92.68 0.00 (0.00%)
News feed for: 2023.07.04
- Japan Unemployment Rate (m/m) at 02:30 (GMT+3);
- Japan Industrial Production (m/m) at 02:50 (GMT+3);
- China Manufacturing PMI (m/m) at 04:00 (GMT+3);
- German Unemployment Rate (m/m) at 10:55 (GMT+3);
- Eurozone Consumer Price Index (m/m) at 12:00 (GMT+3);
- Canada GDP (m/m) at 15:30 (GMT+3);
- US CB Consumer Confidence (m/m) at 17:00 (GMT+3).
This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.
