This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
Asian equities neglect Wall St. weakness
On Tuesday, Asian equities rallied, shrugging off moderate losses on Wall Street. Meanwhile, expectations of another American interest rate lift in 2017 kept underpinning the evergreen buck.
The Eurostoxx 50 as well as Germany's Dax futures both slid 0.1%. Additionally, France's Cac futures and Britain’s FTSE both dipped a bit.
MSCI's index of Asia-Pacific equities managed to gain 0.6%.
As for Japan's Nikkei stock index, the given benchmark reversed early losses and concluded 0.6% higher because financial markets reopened after Monday’s public holiday.
China shares rebounded from the previous session's 21-month maximums because market participants took revenues on recent gainers and waited for third-quarter economic as well as earning reports. The blue chip CSI300 index sank 0.3%, the Shanghai Composite Index decreased 0.1%.
Korean stocks tacked on 1.6% on their first trading day this month because tech equities led by Samsung Electronics Co Ltd managed to catch up with revenues earned by global stock markets after a long break.
Virgin Galactic’s Branson flew to space, but the stock of Virgin Galactic (SPCE) dropped. Why?
Virgin Galactic (SPCE) will launch Richard Branson to space on July 11, aiming to beat Jeff Bezos.
Read a short market wrap before trading today!
The United States will publish the non-farm employment change, also known as non-farm payrolls or NFP at 15:30 MT (GMT+3) time on August 6.
Our analyst discusses the latest news and shares his trade ideas on gold, EUR/USD, and S&P 500. Jump in!