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September 7th - Australian data center operator AirTrunk Operating Pty stated that due to increasing pressure from US tech giants facing domestic resistance, they are attracted by Australias green power grid and geographical advantages of proximity to Asia, and are therefore interested in building data centers in Australia. Sabu Whitelow, the companys Vice President of Energy and Utilities, said that over the past six to eight months, interest from companies including Google, Apple, Meta, Amazon, and Microsoft in Australia has far exceeded expectations. In an interview, she stated, "Australia has political stability, abundant renewable energy, ample land resources," and is close to major Asian population centers. "We expect this demand to translate into tangible commitments and investments in the coming months and years."French Finance Minister Lescourt: Without a budget, interest rates would rise significantly.On September 7th, Hong Kong Financial Secretary Paul Chan Mo-po, in his opening remarks at the "Co-creation and Co-investment Industry Acceleration Summit" organized by the Hong Kong Science and Technology Parks Corporation, stated that Hong Kongs exports of electronic products and semiconductors are experiencing strong growth, and the capital market has a strong demand for the listing of artificial intelligence companies. Hong Kong, as an international financial center, attracts global talent and is a rapidly rising innovation hub, creating a complementary relationship with cities in the Greater Bay Area. The Greater Bay Area cities possess strong capabilities in advanced manufacturing, commercialization, and scale; according to data from the World Intellectual Property Organization, "Shenzhen-Hong Kong-Guangzhou" is a leading global innovation cluster. He mentioned that the organization will release its new years rankings tomorrow, and he expressed his firm confidence and eager anticipation.On September 7th, according to Qichacha APP, Suanmiao Technology (Beijing) Co., Ltd. recently underwent industrial and commercial registration changes, adding Beijing Artificial Intelligence Industry Investment Fund (Limited Partnership) and others as shareholders, while its registered capital increased to 1.3496 million yuan. Qichacha information shows that the company was established in 2022, and its business scope includes: integrated circuit sales; integrated circuit chip design and services; integrated circuit chip and product manufacturing; and integrated circuit chip and product sales. Public information indicates that the company is a 3D computing chip developer.Germanys seasonally adjusted industrial production month-on-month rate for July and the UKs seasonally adjusted Halifax house price index month-on-month rate for August will be released in ten minutes.

Dow Futures Unchanged; Apple and Amazon Issue Statements

Skylar Williams

Jul 29, 2022 11:19

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The bulk of U.S. stock futures were higher on Thursday evening, after a strong day for key benchmark indexes, as earnings releases from large technology companies boosted risk appetite.


At 7:10pm ET (11:00pm GMT), Dow Jones Futures remained steady, while S&P 500 Futures and Nasdaq 100 Futures increased 0.4% and 1.1%, respectively.


Apple (NASDAQ:AAPL) rose 3 percent in extended trade after posting Q3 earnings per share of $1.20, above estimates of $1.16, and revenue of $82.96 billion, vs $82.59 billion expected.


Amazon (NASDAQ:AMZN) surged 13.6% after reporting Q2 losses of $0.20 per share, $0.33 worse than the consensus forecast of $0.13. The actual revenue was $121.23 billion, as opposed to the anticipated $119.18 billion.


Intel (NASDAQ:INTC) slumped 8.5% after announcing Q2 EPS of $0.29, well below analyst estimates of $0.70, on revenues of $15.32 billion as opposed to $17.96 billion.


United States Steel Corporation (NYSE:X) rose 3.5% after reporting Q2 profits per share of $3.86, above estimates of $3.50, and revenues of $6.29 billion, exceeding estimates of $5.50 billion.


Roku (NASDAQ:ROKU) lost $0.82 per share in the second quarter, which was worse than the average expectation of $0.68 per share. Actual sales was $764.4 million, which was less than the $804.13 million expected.


DexCom Inc (NASDAQ:DXCM) plummeted 17.8 percent after the company reported Q2 earnings per share of $0.17 instead of $0.19 and revenue of $696.2 million instead of $704.45 million.


Significant inflation data and second-quarter employment expenses will dominate Friday's session, along with earnings announcements from Chevron Corp (NYSE:CVX), Exxon Mobil Corp (NYSE:XOM), and Procter & Gamble Company (NYSE:PG) (NYSE:PG).


During Thursday's usual trading day, the Dow Jones Industrial Average increased 332 points, or 1%, to 32,529.6, the S&P 500 increased 48.8 points, or 1.2 percent, to 4,072.4, and the technology-focused NASDAQ Composite increased 130.2 points, or 1.1 percent, to 12,522.6.


This week, risk appetite increased as the Federal Reserve delivered a 75 basis point rate decrease and remained more dovish than expected on Wednesday, and as Thursday's dismal GDP data increased the chances of a Fed pause in interest rate increases.


The 10-Year United States interest rate was 2.671% in the bond markets.

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