Stocks Climb Before the Open on Chip Tariff Relief and Ukraine Truce Hopes

“There are a lot of accounts to track them in the investment environment today, but the profits are still the main catalyst for stocks. While decline is possible-especially because of the effects related to the total and bad seasonal trends-it is possible that these declines will buy opportunities,” said Brett Kinwell in Itoro.

The head of the Minneapolis team, Neil Kacquari, said on Wednesday that the slowdown in the American economy may require a reduction in the short term interest, and still sees discounts by the end of the year. Also, Federal Reserve Governor Lisa Cook described the Jubly Jobs report as “regarding” and suggested that it might represent a turning point for the American economy. “These reviews are somewhat typical of the transformation points,” said Cook. In addition, Marie Dali, president of San Francisco Bank, said that policy makers will likely need to control interest rates in the coming months to prevent more labor market weakness.

Meanwhile, US price futures have been 93.2 % to reduce 25 basis points and an opportunity by 6.8 % of a rate of non -change in the monetary policy meeting in September.

Today, investors will focus on our initial unemployed claims, which are scheduled to be released within two hours. Economists expect this number to be 221 thousand, compared to last week from 218 thousand.

The costs of employment will also be monitored in the American unit and the primary data that is not closely cultivated today. Economists expect employment costs in the Q2 +1.6 % q/Q unit and non -agricultural productivity +1.9 % Q/Q, compared to the numbers of the first quarter of +6.6 % Q/Q and 1.5 % Q/Q, respectively.

The US wholesale lists will be released today. Economists expect the final number in June +0.2 % m/m, compared to -0.3 % m/m in May.

US consumer credit data will be released today as well. Economists expect this number to be $ 7.40 billion in June, compared to the previous number of $ 5.10 billion.

In addition, the market participants will analyze the comments today from the Federal Reserve Chairman at Atlanta Rafael Postic.

On the profit front, prominent companies such as Eli Lilly (LLY), Gilead (Gild), Conocophillips (COP), Constellenge Energy (CEG), Visstra Energy (VST), Monster Beverage (MNST) to report their quarterly numbers today. According to Bloomberg Intelligence, the S&P 500 companies are on the right path to spread a 9.1 % increase in the profits of the second quarter of the previous year, which is much higher than analysts’ expectations by 2.8 %.

In the bond market, the return on the normative memorandum of the US Treasury for 10 years is 4.215 %, a decrease of -0.35 %.

The Euro Stoxx 50 +14 % index increased this morning, with optimistic profits from some of the largest companies in the region the weak economic data. The feelings were further strengthened after the Kremlin confirmed that the presidents Donald Trump and Vladimir Putin are scheduled to hold the summit talks in the coming days, providing hopes for a possible truce in Russia’s war with Ukraine. Insurance and travel shares excelled on Thursday. The data released on Thursday showed that the German monthly industrial production witnessed a sharp decline nearly a year ago in June, which increased fears that the largest economy in Europe had contracted in the last quarter more severely than previously estimated. Separately, the data showed that the export of goods in Germany to the United States decreased in June, when the effects of definitions on the economy moved by export in the country continued. Meanwhile, investors are waiting for the deserving monetary policy decision of the England Bank later in the session, as the central bank is expected to reduce its standard price by 25 basis points to 4.00 %. On the trade front, Switzerland left Washington without announcing any progress in reducing the tariff imposed by President Trump by 39 % on her country. In corporate news, the AP MOLLER-MAERSK A/S (MAERB.C.DX) increased more than +2 % after the shipping group has strengthened its profit for the entire year. Also, Allianz SE (alv.d.dx) increased more than +5 % on solid quarterly results. In addition, Henkel (Hen3.D.DX) has gained more than +1 % after the company published the best Q2 results than expected and raised the minimum level of modified EBIT margins.

Germany’s exports, Germany’s imports and industrial production data were released in Germany today.

German June exports increased +0.8 % m/m, stronger than +0.5 % m/m.

German June imports increased +4.2 % m/m, stronger than +1.0 % m/m.

German industrial production decreased in June -1.9 % M/m, weaker than -0.4 % m/m.

Asian stock markets closed today in green. The Chinese Chinese Cocene Index (SHOCOC) closed 0.16 %, and closed the stock index in Japan 225 (NIK) +0.65 %.

The Shanghai Chinese boat index closed a little higher today, as optimistic trade data from the country helped extend the last gathering despite the tariff threats in the new United States. Rare Earth stocks gained Earth on Thursday. The customs data released on Thursday showed that export growth in China has increased unexpectedly in July, which represents the fastest increase in April, indicating that the American customs tariff did not slow the export engine in China, even with the decrease in trade with the United States. Trade data enhances investor confidence that China’s growth will withstand, which supports Polito’s decision last week to refrain from additional stimulus measures. Investors are also waiting for clarity on whether the tariff truce between Beijing and Washington will be extended before the deadline on August 12. US President Donald Trump said on Tuesday that he was “very close to a deal” with China to extend the truce. Meanwhile, Mr. Trump said on Wednesday that it may impose an additional tariff on Chinese goods, similar to the 25 % fees placed on India due to its purchases of Russian oil, depending on what is happening. The US President also said that a tariff of about 100 % will be imposed on semiconductor chips imported from countries that are not manufactured in the United States or planned, although analysts have noticed that the move will only have a limited impact on Chinese chip makers and can even accelerate local production. The investor’s attention is now on the inflation data in China, scheduled for Saturday, to obtain other evidence about local demand and the total state of economics.

Chinese trade balance in July amounted to 98.24 billion dollars, the weaker of 105.20 billion dollars.

Chinese July exports increased +7.2 % on an annual basis, stronger than +5.4 % on an annual basis.

Chinese July +4.1 % increased on an annual basis, stronger than -1.0 % on an annual basis.

The stock index in Japan closed 225 today above the day, and follows gains overnight in Wall Street. The auxiliary, financial and technological tools excelled on Thursday. Initial data from the Cabinet Office, which was released on Thursday, showed that the leading economic indicator in Japan, which measures economic expectations for a few months to come based on data such as jobs and consumer feelings, rose to the highest level in 3 months in June. Meanwhile, a new difference appeared in the interpretations of the American commercial deal and Japan on Thursday, when the chief negotiator in Japan, Riosi Akazawa, traveled to Washington to pressure to implement a promise to reduce the tariff for the import of the car to 15 %. Akazawa said earlier this week that “there will be no accumulation” from a 15 % new tariff at the top of the current fees, but Japanese media reports stated that Washington will not exempt Tokyo from something that imposes 15 % of customs duties at the top of the existing duties. In other news, foreign investors bought a net of 193 billion yen from Japanese stocks at the week ending on August 2, representing the smallest total weekly in six weeks. In corporate news, Sony Group increased more than 4 % after the game maker and cameras raised the annual operating profit instructions. Also, Cisido increased around +11 % after the company recorded a 21.3 % increase in the basic operating profit for the first half of the year. The Nikkei fluctuation index, which takes into account the implicit fluctuations of Nikkei 225 options, closed to -4.77 % to 25.15.

The Japanese June index in June reached 106.1, stronger than 106.0 expectations.

Before the American market, stock engines

Appl has increased more than 3 % in pre -market trading after announcing an American investment of $ 100 billion that he could exempt from the tariff of President Trump, which is threatened with chips.

Duolingo (Duol) increased more than +25 % in pre -market trading after the language learning app has been published optimistic results and raised the entire year’s reservations.

DRAFTKKITS (DKng) increased more than 7 % in pre -market trading after the online games company announced better than expected Q2 revenues.

Fortinet (FTNT) fell more than -20 % in pre -market trading after the cybersecurity company released weak Q3 revenue instructions.

Airbnb (ABNB) slipped more than 5 % in pre -market trading after dropping a slower growth for the second half of the year.

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Shedding light on US profits today: Thursday – August 7

Eli Lilly (LLY), Gilead (Gild), Conocophillips (COP), Constellation Energy (CEG), Brookfield (BN), Parker-Hannifin (PH), Motorola (MSI), Visstra Energy (VST), Canadian Natural (CNQ) MONSTER (MNST), FLTER ERERIY. (LNG), BecTon Dickinson (BDX), ATLASSIAN CORP PLC (Team), Block (Xyz), Datadog (Ddog), Wheaton Precital Metals (WPM), The Trade Desk (TTD), Take-Co (TTWO), Kenvue (Kvue) (TRGP), Microchip (MCP), Live Nation Entertainment (Lyv), Sun Life Financial (SNF), Warner Bros Discovery (WBD), Restaurant Brands INT (QSR), Pinterest (PINS), Expedia (Expe), GodDDy Inc (GDDY), BCE Inc (BCE), Pembina Pipeline) Foods (USFD), Twilio (Twlo), Erie Enment (Eerie), Natera Inc (NTRA), Ralph Lauren (RL), Zimmer Biomett (Zbh), Gen Digital (Gen), Alliant Energy (LNT), Evergy (EVRG), Sharkninja (SN) Anonima (YPF), Nuscale Power (SMR), Nebius NV (NBIS), HYATT (H), Solid (SOLV), MAPLEBEAR (Cart), Chime Financial (Chym), Texas Roadhouse (TXRH), MP (MP), Ascendis AS (Asnd), Wynn Resorts (Wynn), Celsius (CELH), Viatris (VTRS), Macom Tech (MTSI), Kratos Defense & Security (KTOS), ADS (WMS), EPAM Systems (EPAM), Open Text (OTEX), Nova (NVMI), Stwbox (DBX), Genpact (G), Globus Medical (GMED) (ELAN), Uwm Holdings (UWMC), Millicom (Tigo), Karman Holdings (KRMN), installed building (IBP), Crocs (CROX), Post (post), Main Street Capital (Main), NexStar (NXST), D Wave Quantum (QBTS) (BTG), JFROG (FROG), Acushnet Holdings (GOLF), Victory Capital (VCTR), American Realty (Cold), Soundhound Ai (Soun), on innovation (on), iamgold (Iag), Zaii Lab (Zlab), ACI worldwide (ACIW) (ACA), Cytokinetics Inc (Cytk), Granite Building (GVA), PTC Therapeutics (PTCT).

On the date of publication, Oleksandr Pylypenko did not have positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article are only for media purposes. This article was originally published on Barchart.com