Pre-Market Pulse 24th July – Equities end lower as Mag7 earnings get underway
Stocks ended slightly lower overnight amid cautious trading ahead of quarterly earnings from big tech names Tesla and Google.
Pre-Market Pulse 23rd July – Stocks bounce despite US political disarray as Nvidia plans new chip
Stocks were higher overnight in an Nvidia-led rebound in tech stocks following recent weakness as investors ignored America’s political disarray and looked ahead to megacap tech quarterly earnings this week
Pre-Market Pulse 22nd July – Global IT outage adds to tech misery
Equities slumped to their worst weekly loss since April as the broad rotation out of high-flying tech stocks rattled markets.
Pre-Market Pulse 19th July – Tech continues to fade as sun sets on Mag7
Equities ended lower overnight, pressured by wild swings as the early-day rebound in tech faded amid an ongoing rotation out of high-flying megacap tech stocks ahead of earnings from Netflix
Pre-Market Pulse 18th July – Nvidia tumbles, Value stocks gain as rotation out of tech continues
Value stocks, led by financial and energy, gained overnight as the rotation away from tech was accelerated following an Nvidia-led retreat in tech on geopolitical jitters.
Balanced Portfolio Update: BHP Quarterly
Overall, BHP has shown strong operational performance with record production in several key commodities and has met or exceeded its production and cost guidance for FY24. The company is actively progressing its growth and decarbonisation strategies, despite challenges in the nickel market.
Pre-Market Pulse 17th July – DOW hits new record as Bank and Healthcare earnings impress market
The Dow had its best day in more than a year Tuesday, closing at fresh record highs, underpinned by better-than-expected retail sales data and a slew of mostly upbeat quarterly earnings from corporates
Pre-Market Pulse 16th July – Powell acknowledges progress on inflation, Bank earnings shine
Stocks surged higher overnight on bank earnings and increased bets for a September rate cut as Fed chief Jerome Powell said recent inflation data had added to confidence.
Pre-Market Pulse 15th July – Trump assassination attempt reflects America’s divide
Over the weekend, an attempt was made on Former President Trumps life at a rally, further reflecting the deep political divide in the county. While equities closed higher on Friday night on bets that the US Federal Reserve will cut interest rates in September, while big banks fell after reporting mixed results.
Bulls vs. Bears: Fed fuels optimism of soft landing
Fed Chair Powell and Lower inflation data fueled optimism of September rate cuts, sparking a shift back into small-caps
Market Calendar 15th July – 19th July 2024
Anticipating next week’s economic figures. Stay informed on the latest financial updates and trends.
Pre-Market Pulse 12th July – Joy of softening inflation becomes concern about softening economy
In a surprising turn of sentiment, the Magnificent 7 had their worst day in months, while the broader market was firmer, despite cooling inflation data. The sentiment of rejoicing falling inflation became the reality check investors have been blind to, as it points to a slowing in the U.S. economy even if Federal Reserve interest rate cuts become a possibility later this year.