After trading Softbank, Nikkei conflict, Dayforce shares the SOAR -What is the next? -Seced -August 19, 20125
Wall Street is ahead of the main event
The US stock market was waiting for the quarterly income of major retailers and Jackson Hole’s annual Symposium, while investors evaluated the next step, and there was little Monday session.
Retail giant’s spotlight
This week, Walmart, Home Depot and Target will announce financial results. Analysts suggest that these reports will reveal how inflation pressure and continuous trade uncertainty will form a way of forming US consumer behavior.
Politics
At the White House, Donald Trump and Ukrainian President VolodyMyr Zelensky’s Monday meeting did not have a big impact on market sentiment.
Consumer trust is weakened
According to the data released on Friday, retail sales have shown that they meet expectations, but consumer trust has decreased as inflation problems increased. On the same day, Wells Fargo National Association of Home Builders Housing Index has fallen to the lowest reading since December 2022.
The market depends on hope reduction
Despite the quiet start a week, Wall Street scored for two consecutive weeks. On Friday, Dow Jones Industrial Average set a fresh record in the prints despite the fact that trade uncertainty remains due to the federal preparatory rate cut and the hope of earning more powerful corporate imports.
Wall Street is mixed
The US stock index closed on Monday without clear direction.
Finishing numbers:
The average average of DOW JONES industry has fallen to 34.30 points (0.08%, 44,911.82).
The S & P 500 has reduced 0.65 points (0.01%) to 6,449.15.
The NASDAQ composite rose to 21,629.77 to 6.80 points (0.03%).
Intel under pressure
According to the Bloomberg report, the Trump administration considers a 10% stake in chip manufacturers, according to the Bloomberg report, Intel’s stock price decreased 3.66%.
DAYFORCE increases
DAYFORCE, a manpower management software provider, has increased 26%of stocks. The rally followed the news that private equity fund company Thoma Bravo is talking about acquiring the company.
Sun stock shines
Renewable energy companies have a strong profit. SUNRUN stocks increased 11.35%, while the first solar power generation is 9.69%. The rally turned out to be less limited than investors feared after the US Treasury announced an updated guideline for the Federal Clean Energy Tax Deduction.
Europe and Asia are waiting for signals.
The European market was held higher on Tuesday, and oil prices fell before the central bank meeting, which invalidated diplomatic signals that suggested potential ceasefire between Russia and Ukraine.
The European market is higher
The European Securities Exchange gained profits all day long because investors carefully balanced the balance of optimism.
European Index Movement:
STOXX 600 UP 0.1%;
FTSE 100 UP 0.1%;
CAC 40 UP 0.2%;
DAX increased 0.1%.
Defense sector according to pressure
The European Defense Index slipped 1.3%. Swedish contractor SAAB AB led a 3.7%decline.
All eyes of Jackson Hall
Now we pay attention to the annual Federal Reserve System Symposium scheduled for August 21-23. The Fed Chairman Jerome Powell is expected to briefly explain the central bank’s economic outlook and policy direction.
According to the CME Fedwatch, the market gives a 1/4 point cut probability of 83.6%at the September 17 meeting.
Asia has a soft bank effect.
The MSCI Asia -Pacific Index was 0.2%. In Japan, Nikkei first recorded Fresh Records, but the session fell 0.4%. The company posted a 4% slump in Softbank Group stock after announced $ 2 billion in investments in having difficulties in Chipaker Intel.
Call and product
The US dollar increased 0.2% to 147.64 yen. The euro increased 0.1% to $ 1.1670. After an increase of 0.2% in the previous session, the dollar index was rarely changed.
US crude oil fell to 0.9%per barrel to $ 62.88, while Brent slipped to $ 66.07 at 0.8%. SPOT GOLD luxurious $ 339.54 from 0.3%per ounce to $ 3339.54.
Encryption
Bitcoin fell 1.4% to $ 114,814.91, and ether reduced $ 4,224.07 to 2.7%.
