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 100 | 14 311.83 | 2.19% |
| DOW JONES | 34 393.18 | 0.68% |
| S&P 500 | 4 384.98 | 1.35% |
| RUSSELL 2000 | 1 929.32 | -0.10% |
| S&P/TSX | 20 608.17 | 0.31% |
| S&P MERVAL | 87 713.69 | 2.03% |
| IBRX BRAZIL | 47 798.87 | -0.65% |
| IPC MEXICO | 50 495.68 | 0.06% |
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 40 | 6 965.88 | -0.82% |
| FTSE 100 | 7 466.07 | -1.17% |
| DAX | 15 318.95 | -1.32% |
| SMI | 12 104.44 | -0.60% |
| AEX | 744.26 | -1.26% |
| IBEX 35 | 8 609.80 | -1.10% |
| FTSE MIB | 26 565.41 | -1.18% |
| EURO STOXX 50 | 4 136.91 | -1.15% |
| OMX NORDIC 40 | 2 179.29 | -1.14% |
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 225 | 26 717.34 | 2.09% |
| KOSPI | 2 663.34 | 1.87% |
| HANG SENG | 23 550.08 | -1.08% |
| CSI 300 | 4 563.77 | -1.21% |
| SSE COMPOSITE INDEX | 3 361.44 | -0.97% |
| NIFTY 50 | 17 101.95 | -0.05% |
| S&P/ASX 200 | 6 988.10 | 2.19% |
| FTSE STRAITS TIMES INDEX | 3 246.33 | -0.42% |
| VN INDEX | 2 682.81 | 0.65% |
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 BRENT | 90.85 | 1.69% |
| OIL WTI | 87.80 | 1.37% |
| NATURAL GAS | 4.7640 | 11.23% |
| GOLD | 1 785.20 | -0.55% |
| PALLADIUM | 2 368.00 | 0.06% |
| SILVER | 22.245 | -1.90% |
| WHEAT | 789.00 | 1.54% |
| COTTON | 236.05 | 1.72% |
| CORN | 631.50 | 1.00% |
| CHANGES & CRYPTOS | ||
| EUR/CAD | 1.4232 | 0.21% |
| EUR/USD | 1.1162 | 0.17% |
| EUR/GBP | 0.8318 | -0.11% |
| EUR/RUB | 86.6809 | -0.52% |
| EUR/CHF | 1.0377 | 0.00% |
| BTC/USD | 37 155.56 | 4.34% |
| ETH/USD | 2 473.44 | -0.26% |
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 40 | PERFORMANCES | ||
| WORST PERFORMANCES | TOP PERFORMANCES | ||
| ALTSOM | -8.20% | LVMH | 3.23% |
| ARCELOR MITTAL | -5.40% | ORANGE | 1.41% |
| SAFRAN | -3.78% | PUBLICIS GROUPE | 1.01% |
| DANONE | -2.80% | TELEPERFORMANCE | 0.92% |
| STELLANTIS | -2.72% | EUROFINS SCIENT. | 0.85% |
