FYI: .Market focus is heavily attuned to the U.S. central bank as hopes of a 50 basis point cut to interest rates at its Federal Open Market Committee (FOMC) meeting wane.
.Earnings season stateside remains in focus, with Halliburton, Royal Philips and RPM International reporting before the bell on Monday. Whirlpool and TD Ameritrade are among those reporting after the bell.
U.S. stock index futures were higher on Monday morning as expectations of aggressive policy easing from the Federal Reserve dampen.
China’s new market for homegrown technology stocks opened with a rally on Monday. Of the 25 companies traded on the Shanghai Stock Exchange’s Science and Technology Innovation Board, also known as the STAR market, a semiconductor group and medical instrument maker surged the most.
Other Asian markets dropped, however, with China’s benchmark Shanghai Composite Index and Hong Kong’s Hang Seng down 1.3% and 1.4%, respectively.
In the U.S. and Europe, investors braced for fresh economic data this week as expectations for interest-rate cuts from both major central banks grew. The U.S. Commerce Department will report second-quarter growth figures on Friday.
The European market wavered Monday as earnings season rolled on. Shares in Dutch technology group, Koninklijke Philips, jumped after the company posted better-than-expected results early Monday, with rising sales and margins.
n commodities, the price of Brent crude rose to $63.41 per barrel as tensions mounted in the Persian Gulf. Iran seized a British-flagged tanker in the Persian Gulf on Friday.
Regards,
Ted
WSJ:
https://www.wsj.com/articles/new-chinese-tech-exchange-a-bright-spot-as-global-stocks-slip-11563782991Bloomberg
https://www.bloomberg.com/news/articles/2019-07-21/asia-stocks-to-slip-after-u-s-drop-iran-tension-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-amazon-stock-market-rally-facebook-stock-servicenow-zscaler/CNBC:
https://www.cnbc.com/2019/07/22/us-stock-futures-slightly-higher-on-hopes-of-a-smaller-fed-rate-cut.htmlReuters:
https://www.reuters.com/article/us-china-markets-star/manic-monday-for-chinas-nasdaq-style-bourse-as-shares-rocket-idUSKCN1UH03GU.K.
https://uk.reuters.com/article/uk-britain-stocks/oil-majors-lift-ftse-100-ted-baker-rises-on-ma-chatter-idUKKCN1UH0R6Europe:
https://www.reuters.com/article/us-europe-stocks/euro-stocks-inch-higher-as-italy-steadies-idUSKCN1UH0O3Asia:
https://www.marketwatch.com/story/asian-shares-mostly-fall-as-new-stock-market-debuts-in-shanghai-2019-07-21/printBonds:
https://www.cnbc.com/2019/07/22/us-bonds-market-participants-consider-smaller-fed-rate-cut.htmlCurrencies:
https://www.cnbc.com/2019/07/22/forex-markets-dollar-middle-east-in-focus.htmlOil:
https://www.cnbc.com/2019/07/22/oil-markets-middle-east-in-focus.htmlGold:
https://www.cnbc.com/2019/07/22/gold-markets-us-federal-reserve-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashx
