This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
European equities head south from 6-week maximum
On Monday, equities across the European Union inched down from a six-week maximum. The brewer Heineken NV lost ground on financial outcomes, with issues in the technology sector as well as global trade putting pressure on financial markets before July trade concludes this week.
The Stoxx Europe 600 index declined by 0.3% hitting 390.90, and the tech and utility sectors turned out to be the top losers. Additionally, the financial sector became the only top performer, although its jump wasn’t significant. The index gained 0.4% on Friday reaching 392.08, which is its strongest outcome since June 14. The previous week, the index tacked on by 1.7%, which is its best outcome since March 9.
The DAX 30 declined 0.3% in Germany being worth 12,827.01. The CAC 40 index dived by 0.4% in France, hitting 5,492.32.
The IBEX 35 declined by 0.1% in Spain reaching 9,861.00. In Great Britain, the FTSE 100 index managed to ascend by 0.3% trading at 7,677.55.
The currency pair EUR/USD managed to ascend to $1.1686.
Regional equities had rather a tough start in the second-to-last trading marathon of July.
Market participants are still closely watching the earnings season. Twitter gained 0.15%, Netflix headed south by 2.17%, and Facebook rallied by 0.06%.
In addition to this, the Technology Index FX8 headed south by 0.6%.
Apart from earnings, this week traders paid attention to the BOJ’s monetary policy statements. Additionally, they also required statements from the Bank of England and the Federal Reserve. On Wednesday, the Bank of England is anticipated to have its interest rate lifted to 0.75%. Moreover, it’s expected to come up with a quarterly inflation report.
Both the BOJ and the Fed are believed to proceed with lifting rates.
Heineken NV equities headed south by 3.6%. Siemens Healthineers dived by 3.5%.
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.
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Hong Kong stock index extended a decline sparked by China’s tech crackdown. Tesla posted better-than-expected results. Jump in!