Connect with us

International

Stable US stocks, futures; Turkeys Slides in Books: Wrap Markets

Published

on

 


(Bloomberg) – Asian stocks and US futures were flat on Monday as traders weighed inflation risks, the outlook for China and looming earnings reports from big tech companies. The Turkish lira slipped to an all-time high amid a diplomatic row.

Bloomberg’s Most Read

Stocks fell in Japan and were mixed in China, where the central bank boosted a daily cash injection and authorities broadened a property tax trial. Signs that it would take at least five years before authorities impose a stronger national property tax on industrial metals, including iron ore.

The S&P 500 and Nasdaq 100 futures fluctuated and the 10-year US Treasury yield edged up. Federal Reserve Chairman Jerome Powell signaled on Friday that inflation could stay higher for longer. He said the Fed would soon start cutting its bond purchases, but would remain patient in the face of rate hikes. The dollar and the yen slipped.

The pound fell after Turkish President Recep Tayyip Erdogan said 10 ambassadors, including the United States, Germany and France, were no longer welcome. They had demanded the release of a businessman and philanthropist.

Global equities have remained resilient despite risks from price pressures fueled by supply chain bottlenecks and rising energy costs. Treasury Secretary Janet Yellen is among those who advise the inflation picture to reflect temporary pain that will subside in the second half of 2022. Investors fear that a tightening of monetary policy to control inflation does not fuel volatility.

The Fed is becoming more hawkish as it reacts to inflationary pressures, so we can expect more rate hikes than the market is currently anticipating, Rajeev de Mello, managing director of Deep Learning Investments, said on Bloomberg Television. There is fear that a faster cut or a more hawkish Fed creates the risk of a slowdown.

The story continues

Traders are also monitoring an outbreak of the delta virus strain in China that is expected to worsen. The nation has sought to allay concerns about the slowing economy with a lengthy state media commentary describing how the government is managing risk and remaining confident in achieving its goals for the year.

This new Covid cluster will likely mean retail sales are going to be a bit weaker by the end of the year, said Julia Wang, global market strategist at JPMorgan Private Bank, on Bloomberg Television. That said, the overall impact is expected to be short-lived, as we can see that authorities generally improve with the testing, tracing, and containment of these clusters.

In the United States, the five largest tech companies are expected to release their results in the coming days, heralding a test of investor sentiment. Elsewhere, the meeting of European central banks this week will be closely watched for advice on its pandemic bond purchase program.

Gold rose to around $ 1,800 an ounce and crude oil continued its rally. Saudi Arabia said the OPEC + alliance should maintain its cautious approach to managing global crude supplies given the continued demand threat posed by the pandemic. Bitcoin was trading around $ 62,000.

Here are some events to watch this week:

Profits: Amazon, Apple, Facebook, Microsoft, Twitter, Samsung Electronics, China Vanke, PetroChina, Ping An Insurance Group

Australia CPI, Wednesday

US wholesalers’ inventories, US durable goods, Wednesday

Bank of Japan Monetary Policy Decision Briefing Thursday

ECB decision on rates, briefing by President Christine Lagarde, Thursday

US GDP, first jobless claims, Thursday

Joint meeting of G-20 finance and health ministers ahead of weekend leaders’ summit on Friday

For more market analysis, read our MLIV blog.

Some of the main movements in the markets:

Actions

S&P 500 futures rose 0.1% at 6:22 a.m. in London. The S&P 500 fell 0.1%

Futures on the Nasdaq 100 rose 0.1%. The Nasdaq 100 fell 0.9%

Japan’s Topix index fell 0.4%

Australian S & P / ASX 200 index rose 0.3%

South Korea’s Kospi index rose 0.4%

Hong Kong’s Hang Seng index remained stable

China’s Shanghai Composite Index rose 0.3%

Euro Stoxx 50 futures soar 0.2%

Currencies

The Japanese Yen was trading at 113.64 per dollar, down 0.1%

The offshore yuan was trading at 6.3784 to the dollar

Bloomberg Dollar Spot Index Plunged 0.1%

The euro was at $ 1.1659

Obligations

Merchandise

West Texas Intermediate crude rose 0.9% to $ 84.53 a barrel

Gold was at $ 1,798.60 an ounce, up 0.3%

Bloomberg Businessweek Most Read

2021 Bloomberg LP

Sources

1/ https://Google.com/

2/ https://www.yahoo.com/now/stocks-set-mixed-start-turkey-211735951.html

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]