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August 31 - According to a report from the National Seismological Center of the University of Chile, a 5.1-magnitude earthquake struck the Arica and Paranacota region in northern Chile at 12:04 local time on August 30, with a focal depth of 108.25 kilometers. There are currently no reports of casualties or property damage.According to the Financial Times, major tech companies have gained $160 billion in profits due to their stakes in other artificial intelligence companies.On August 31, local time, Russian Presidential Press Secretary Dmitry Peskov stated on August 30 that a meeting between Russian President Vladimir Putin, US President Donald Trump, and Ukrainian President Volodymyr Zelenskyy would only be possible when an existing agreement needs to be finalized. He emphasized that the agreement on the Ukraine issue is not a "primitive deal," but a complex process involving many details. Peskov also stated that Russia is open to negotiations, but currently lacks the necessary preconditions.On August 31, Al Jazeera, citing the Yemeni Armed Forces Media Center, reported that the Yemeni government navy intercepted a shipment of military parts and equipment in the Red Sea, which were "provided by Iran to its ally, the Houthi rebels." The shipment was intercepted on August 24. Subsequent video footage showed that the cargo included parts for manufacturing and developing drones. Meanwhile, the Yemeni government forces stated that they conducted a preemptive strike in the Red Sea, destroying an unmanned surface vessel operated by the Houthis. The Yemeni Armed Forces Media Center released a video claiming that the footage showed the unmanned surface vessel being destroyed "before it could be used to attack ships."On August 31, the Libyan Foreign Ministry announced that Acting Foreign Minister Tahir Baor met with Syrian Transitional Government Foreign Minister Shibani in Tripoli on August 30, exchanging views on strengthening bilateral coordination and consultations. On the same day, the Syrian Embassy in Tripoli resumed operations. The Libyan Foreign Ministry stated that the reopening of the Syrian Embassy in Tripoli after a 14-year closure will enhance diplomatic communication and facilitate consular services. The statement added that the talks also covered the initiation of the "Libya-Syria Joint High Committee" process, which will facilitate broader cooperation between the two sides in areas such as the economy. Shibanis visit marks the first visit by a senior Syrian official to Libya in 14 years, as the two countries strive to restore diplomatic relations and expand cooperation in the political, economic, and security fields.

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%.