Closing Report 26.07.2021

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Chinese stocks fall

 

AMERICAN MARKETS MID DAY

Wall Street is near the flatline as investors look after earnings. New homes sales in the US for June miss targets. Sales decreased by 6.6% while analysts estimated an increase of 3.5%. CNN mentioned a report where Republican senators rejected the Infrastructure Bill offer. Dow Jones gains 0.18% while NASDAQ 100 takes 0.07%. S&P 500 climbs by 0.16%. Lockheed Martin reports Q2 revenue of $17 billion (up 5% YoY). The stock slides by 3.42% at Mid-Day. Boeing (1.41%) announced it would produce sustainable planes by 2030. The aircraft manufacturer could reach zero emission at all work sites. Goldman Sachs lowers its forecast for US Q3 GDP to 8.5%. Overall, it suggests the US economy will grow by 6.6%. US 10Y Treasury yield remains relatively flat.

AMERICAN MARKETS
NASDAQ 10015 659.28-0.67%
DOW JONES36 347.880.31%
S&P 5004 692.07-0.09%
RUSSELL 20002 197.90-0.38%
S&P/TSX21 074.050.01%
S&P MERVAL83 976.230.26%
IBRX BRAZIL43 655.550.57%
IPC MEXICO53 172.740.22%

 

EUROPEAN MARKETS CLOSING

After strong gains, European markets open the week mixed. CAC 40 opened in the red but later reversed the trend and 0.15% higher. Commodities and bank stocks lift the French index. Arcelor Mittal tops the index and surges by 4.38%. GDP and CPI data will be released on Friday. Dutch AEX slips by 0.58% and is dragged down by Prosus. The company, which owns a 28.9% stake in Tencent, plummets by 8.84%. Footsie closes flat. Commodities stock such as Rio Tinto or Glencore lift the index. Meanwhile German DAX decreases by 0.32%. An IFO surveys suggests business expectations are slightly down (July). Stoxx Europe 600 snaps a 4-session rally.

EUROPEAN MARKETS
CAC 407 219.48-0.42%
FTSE 1007 485.280.47%
DAX15 947.74-0.65%
SMI12 797.940.04%
AEX788.430.32%
IBEX 358 751.80-0.43%
FTSE MIB27 618.47-0.13%
EURO STOXX 504 305.83-0.44%
OMX NORDIC 402 363.88-1.37%

 

ASIAN PACIFIC MARKETS CLOSING

Recent days are marked by the fall of stocks of Chinese companies listed on US markets. Regulatory measures set up by the Chinese government deter investors and decrease appetite. A similar trend, but softer, happens on Chinese markets. Education, Tech and Property sectors are affected. CSI 300 and SSE Composite both retreated for the second time in a row. On Monday, they dived by 3.22% and 2.34%. Shares in HK fell as Hang Seng tumbled by 4.13%. Japanese markets reopened today and tracked US gains from last week. Nikkei 225 soared by 1.04% despite covid-19 worries. KOSPI fell as foreigners were net sellers. Australian markets closed flat.

ASIAN PACIFIC MARKETS
NIKKEI 22528 478.56-0.03%
KOSPI2 954.891.18%
HANG SENG23 493.381.82%
CSI 3004 822.370.09%
SSE COMPOSITE INDEX3 579.54-0.18%
NIFTY 5017 812.700.38%
S&P/ASX 2007 453.301.29%
FTSE STRAITS TIMES INDEX3 205.260.66%
VN INDEX2 867.33-0.61%

 

COMMODITIES & FOREX MARKETS

Brent barrel remains around $74

A memo from American Airlines warns fuel shortage could happen, according to CNBC

Palladium takes 0.20% but stays $300 below all-time high

BTC surges and gets closer to $40K. Amazon suggested it could accept the cryptocurrency. Besides, Elon Musk made positive remarks regarding BTC

COMMODITIES
OIL BRENT81.76-0.28%
OIL WTI79.00-0.58%
NATURAL GAS3.9343.20%
GOLD1 791.800.15%
PALLADIUM1 909.001.87%
SILVER22.240.23%
WHEAT751.500.77%
COTTON239.053.17%
CORN606.750.50%

CHANGES & CRYPTOS
EUR/CAD1.4362-0.06%
EUR/USD1.13560.57%
EUR/GBP0.83620.20%
EUR/RUB85.4075-0.91%
EUR/CHF1.04390.30%
BTC/USD42 075.12-2.61%
ETH/USD3 196.39-6.01%

 

Focus on Brazilian exports

 

Brazil’s exports related to agriculture and the extractive industry has been growing for nearly two decades. On the other hand, the manufacturing industry has been retreating.

CAC 40PERFORMANCES
WORST PERFORMANCESTOP PERFORMANCES
HERMES-3.82%STMICROELECTRONICS3.45%
ESSILORLUXOTTICA-3.05%ARCELOR MITTAL3.40%
PERNOD RICARD-2.35%VEOLIA ENVIRON.2.60%
DASSAULT SYSTEMES-1.79%TOTAL ENERGIES1.14%
CAPGEMINI-1.57%SAINT GOBAIN1.07%

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