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On September 7th, the United Nations Conference on Trade and Development (UNCTAD) released its latest Global Trade Update report, which points out that trade in services is reshaping the global trade landscape, but least developed countries (LDCs) are increasingly marginalized in digital trade. The report shows that over the past decade, digitally deliverable services have grown at an average annual rate of 7.1%, now accounting for 56% of global service exports. Meanwhile, the share of LDCs in global service trade has fallen to 0.6%, with digitally deliverable services accounting for only 16% of their service exports. The report identifies insufficient internet connectivity and digital payment infrastructure as major obstacles to LDCs participation in digital trade. The report calls for strengthening digital infrastructure to help developing economies, especially LDCs, participate more fully in global digital services trade.The Federal Aviation Administration (FAA) stated that the aircraft that overran the runway was a Boeing 767-300 freighter that took off from Luis Muñoz Marin International Airport in San Juan, Puerto Rico.The U.S. Federal Aviation Administration (FAA) will investigate the incident at Miami International Airport in which a plane overran the runway.US President Trump: I did this for the country, not for myself. Ive earned hundreds of billions of dollars in stock gains and other assets for America, not for myself, and all I get in return is constant criticism from radical left-wing Democrats. Its so unfair, but what can I do?The secretary of Irans Supreme National Security Council stated: "We reserve the right to respond to the US attack on a wedding in Kukhstak, and the Americans should understand that."

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%.


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