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June 14 - Israeli forces launched another airstrike on the southern outskirts of Beirut, the Lebanese capital, today (June 14). This comes after Iran launched a missile strike against Israel that evening following an Israeli attack on Hezbollah targets in the southern suburbs of Beirut on June 7.Preliminary forecasts indicate that the proposal to cap Switzerlands population at 10 million has approximately 45% support, while the opposition votes are around 55%.Libyas National Oil Corporation: Mabrook oil field production has reached 30,000 barrels per day.Reuters reported on June 14, citing a senior Iranian official, that Tehran has agreed not to produce or acquire nuclear weapons under a draft memorandum of understanding with the United States. Prior to a final agreement, Iran has agreed to maintain the status quo regarding its nuclear program, including refraining from uranium enrichment or expanding its nuclear facilities. The draft agreement includes the US agreeing to Tehran diluting its stockpile of highly enriched uranium, with the relevant mechanisms to be discussed within the next 60 days; the US will waive oil sanctions on Iran for a specific period, allowing Iran to sell oil and generate revenue; Iran will immediately reopen the Strait of Hormuz for all merchant ships, and the US will lift its naval blockade; the US has agreed to unfreeze $25 billion in Iranian assets, including through direct cash transfers, regional cooperation, and credit lines. Furthermore, the draft agreement stipulates that the US will not impose any new sanctions on Iran until a final agreement is reached.Preliminary forecasts indicate that Swiss voters tend to oppose the proposal to cap the population at 10 million.

Increases in Dow Futures and Inflation Concerns

Charlie Brooks

Jul 15, 2022 10:28

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Futures for U.S. equities were trading higher on Thursday evening, as key benchmark averages ended the regular session in a mixed way amid stronger-than-expected producer price data and disappointing profit reports from major banking institutions.


Dow Jones Futures increased 0.2 percent by 7:00 p.m. ET (11:00 p.m. GMT), while S&P 500 Futures and Nasdaq 100 Futures both rose 0.3 percent.


In extended trading, Pinterest Inc (NYSE:PINS) shares surged 15.8 percent following a Wall Street Journal article revealed Elliott Management's 9 percent stake.


Prior to the end of the day, investors will focus on June's retail sales, import and export prices, the June industrial production report, and preliminary July consumer sentiment data. Wells Fargo & Company (NYSE:WFC) and Citigroup Inc (NYSE:C) are expected to deliver their quarterly earnings results in the interim.


During Thursday's usual trading day, the Dow Jones Industrial Average fell 142.6 points, or 0.5 percent, to 30,630.2, the S&P 500 fell 11.4 points, or 0.3 percent, to 3,790.4, and the NASDAQ Composite increased just 3.6 points to 11,112.1.


Morgan Stanley (NYSE:MS) declined 0.4% after reporting Q2 EPS of $1.44 vs $1.57 forecasted and sales of $13.13 billion versus $13.39 forecasted.


JPMorgan Chase & Co (NYSE:JPM) fell 3.5 percent after announcing Q2 earnings per share of $2.76 compared to $2.94 forecasted and revenue of $30.72 billion compared to $31.84 forecasted.


In terms of data, producer prices increased by 11,3 percent year-over-year in June as energy prices jumped, adding to concerns of rapid rate hikes after the CPI result surpassed expectations in the previous session.


On the bond markets, the 10-Year United States interest rate was 2.958%.