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 10014 710.76-0.89%
DOW JONES34 603.36-0.32%
S&P 5004 455.18-0.61%
RUSSELL 20002 020.86-0.16%
S&P/TSX20 743.99-1.49%
S&P MERVAL83 949.51-1.38%
IBRX BRAZIL46 713.820.07%
IPC MEXICO51 764.93-1.42%

 

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 407 068.59-1.75%
FTSE 1007 494.13-1.20%
DAX15 603.88-1.94%
SMI12 355.54-1.63%
AEX763.70-1.87%
IBEX 358 694.70-1.36%
FTSE MIB27 061.40-1.84%
EURO STOXX 504 229.56-1.63%
OMX NORDIC 402 239.51-2.54%

 

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 22527 522.26-0.90%
KOSPI2 834.29-0.99%
HANG SENG24 965.550.05%
CSI 3004 779.31-0.92%
SSE COMPOSITE INDEX3 522.57-0.91%
NIFTY 5017 617.15-0.79%
S&P/ASX 2007 175.80-2.27%
FTSE STRAITS TIMES INDEX3 294.860.00%
VN INDEX2 691.24-0.31%

 

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 BRENT87.59-0.91%
OIL WTI84.82-0.88%
NATURAL GAS3.94303.71%
GOLD1 834.80-0.42%
PALLADIUM2 106.001.56%
SILVER24.40-1.28%
WHEAT784.75-0.70%
COTTON238.80-2.01%
CORN613.000.33%

CHANGES & CRYPTOS
EUR/CAD1.44230.60%
EUR/USD1.13420.33%
EUR/GBP0.83680.60%
EUR/RUB87.55041.03%
EUR/CHF1.0343-0.32%
BTC/USD38 574.92-9.69%
ETH/USD2 810.04-13.35%

 

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
ARCELOR MITTAL-7.33%DANONE0.56%
ALTSOM-5.03%CARREFOUR0.34%
STELLANTIS-3.59%ORANGE-0.19%
SAINT GOBAIN-3.34%AIR LIQUIDE-0.30%
VEOLIA ENVIRON.-3.33%HERMES-0.47%

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