Wyllian Capucci
21/07/2021
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The pandemic continues to spread in Asia, with South Korea and Thailand reportingrecord infections, a Chinese city imposing mandatory testing, and Tokyo flaggedto see an increase in cases once the Olympics start. there was a reminderof the dismal toll that the virus took in the United States, according to released estimatesby the Centers for Disease Control and Prevention showed that life expectancyAmericans’ lives fell sharply in 2020. There are also growing concerns thatthe American ability to identify and track new strains of the virus will not be able tokeep track of new Covid mutations
Earnings
This morning’s results from Daimler AG showed that automakers remain underproduction pressure due to shortages of semiconductors. Sales growthin its Mercedes-Benz division should now be stable this year, with the company notbeing able to tell how the chip supply will develop. The perspectives forthe supply of chips will be among the issues closely followed when TexasInstruments Inc. report after today’s bell. Speaking of profits, the CEO of JPMorgan Chase& Co. Jamie Dimon received special 1.5 million stock appreciation rights asan incentive to lead the largest US bank by another “significant number ofyears old”
Birthday
Bitcoin is firmly back at the $30,000 level that some traders havecryptocurrency they see as a key support this morning. The Bloomberg Galaxy CryptoBroader index was 3.5% higher as Ether and Dogecoin also advanced.Today we see Tesla boss Elon Musk, investor Cathie Wood and Jack Dorsey ofTwitter discussing Bitcoin at an event called “The B Word” while tryingencourage more institutions to adopt cryptocurrency
Mixed markets
Global equities are generally rising today as a steady stream ofcorporate earnings dominates the agenda. Overnight, the MSCI Asia Pacific indexincreased 0.2%, while Japan’s Topix index closed up 0.8%. In Europe, the IndexStoxx 600 gained 1.3% at 6:50 am GMT, with all industry sectors in thegreen. The S&P 500 futures pointed to a small increase in the open, the10-year treasury yield was at 1.25%, oil rose to $68 a barrel andgold has fallen
Coming
The oil market will watch this morning’s inventory data at 11:30 am for thefirst weekly increase in inventories since May. The United States will sell US$24 billion in 20-year bonds at 2 pm. It’s a big day for profits with Johnson &Johnson, Coca-Cola Co., Verizon Communications Inc., Kinder Morgan Inc., Baker HughesCo. and Harley-Davidson Inc. among the many, many companies that report.
Source:https://wintrademarkets.com/
