Wyllian Capucci
Ad spreeT
witter Inc. and Snap Inc. beat analysts’ estimates for the results ofQ2 as companies continue to pour money intodigital advertising. Snap’s second quarter sales more than doubled to$982.1 million, while Twitter predicted revenue of $1.22 billion to $1.3billion, above expectations. Blockbuster results are an emphatic responseto questions about whether advertising spending levels would return to previous levelsto the pandemic. Both companies are on the rise in the pre-market, with the results alsoincreasing shares of rivals Facebook Inc. and Alphabet Inc., which report in the weekthat comes amid threats of widespread crackdown on Big Tech
Rude health
The investment management industry is in dire health as thecompanies compete for customers eager to increase their wealth amid downturnsincome. Private-equity giant Carlyle Group Inc. is looking to raise up$27 billion for a new fund, surpassing the record $26 billion for theBlackstone Group Inc. of 2019. Meanwhile, the industry’s JPMorgan Chase & Co.Plans to Hire 500 New Consultants for Your Boutique Wealth Businessas the competition to serve the rich heats up. Job vacancies in the sectorare growing on the rise in London as well: vacancies in servicesfinancial, consulting and law have once again surpassed pre-pandemic levels.
Delta hazard
Pfizer Inc.’s vaccine was only 39% effective in preventing people from beinginfected with the delta variant in Israel in recent weeks, according to the ministrythe country’s health, although it strongly protected against hospitalization and serious illness.Los Angeles County’s top health official said that people totallyvaccinated were responsible for one in five Covid-19 infections in June andwarned that the number could increase in July with a higher level of transmission in thecommunity. Meanwhile, just hours before the opening ceremony, theJapan’s Olympic organizers reported a record number of new infectionsper day by Games-related coronaviruses, including three athletes, bringing the totalto 110.
Mixed markets
Investors are weighing optimism about corporate earnings incomparison with mixed economic data and concerns about the spread ofCoronavirus variants. Overnight, the MSCI Asia Pacific ex-Japan index fell 0.8%,with Tokyo closed for a holiday. In Europe, the Stoxx 600 Index rose 0.8% at 6:46 am,Brasília time, towards a fourth day of earnings. The S&P 500 Futurespointed to green at the opening, the 10-year Treasury yield was at 1.291%and oil held most of a three-day advance.
Coming
Service and manufacturing PMIs are due at 10:45 am, with rig countBaker Hughes following at 2pm. It’s a relatively quiet day for earnings, with American Express Co. Inc., Regions Financial Corp. and Honeywell International Inc. among thefew notable names reporting
Source:https://wintrademarkets.com/
