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August 18th - U.S. investment-grade bond issuance hit a record high for the third consecutive month, continuing the fastest issuance pace in the history of the bond market. Heavy corporate investment in artificial intelligence infrastructure is driving increasing demand for corporate borrowing. Statistics show that as of Monday, U.S. investment-grade bond issuance reached $145.2 billion in August, surpassing the previous record of $136 billion set in August 2020. Earlier this year, January, June, and July all set their own monthly issuance records, and three other months saw the second-highest issuance volumes on record. Data shows that this months issuance was primarily driven by Alphabets (GOOG.O) $25 billion bond issuance. This is the eighth deal this year to reach or exceed $25 billion, and all eight deals have involved technology companies.Jared Kushner, Trumps son-in-law: If Iran is willing to fulfill the agreement previously discussed with the US and give up its ability to manufacture nuclear weapons, then the US is obviously willing to make a deal; but at present, Iran has not shown any willingness to take measures that are in the USs interest.According to The Times, U.S. Trade Representative Greer said Trump’s threat to impose 100% tariffs on the UK was “not a bluff.”Hang Seng Index futures closed down 0.27% at 25,355 points in overnight trading, a discount of 98 points.U.S. Energy Secretary Wright: The U.S. Strategic Petroleum Reserve still has 300 million barrels, and the reserve will be higher than before the conflict ends.

The Dow Futures drop following a strong week

Charlie Brooks

Jul 11, 2022 10:59

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After major benchmark indexes completed the week higher, U.S. stock futures dropped during Sunday evening trade as investors anticipated company earnings reports and important inflation data.


By 7:00pm ET (11:00pm GMT), the Dow Jones Futures were down 0.2 percent , the S&P 500 Futures were down 0.3 percent , and the Nasdaq 100 Futures were down 0.4 percent .


Ahead this week, market participants will concentrate on new CPI data, with the inflation rate predicted to hit 8.8 percent, the highest level since December 1981. Investors will examine, among other data releases, retail sales, manufacturing production, Michigan consumer mood, NFIB Small Business Optimism, consumer inflation expectations, producer pricing, export and import prices, and the New York Empire State Manufacturing Index.


PepsiCo Inc (NASDAQ:PEP) and Delta Air Lines Inc (NYSE:DAL) are scheduled to report earnings on Tuesday and Wednesday, respectively, while JPMorgan Chase & Co (NYSE:JPM), Morgan Stanley (NYSE:MS), Wells Fargo & Company (NYSE:WFC), and Citigroup Inc (NYSE:C) are scheduled to report earnings later in the week.


During trading on Friday, the Dow Jones Industrial Average sank 46.4 points, or 0.2 percent, to 31,338.2, the S&P 500 finished 0.3 points, or 0.1 percent, down at 3,894.4, and the NASDAQ Composite climbed for the sixth consecutive day, adding 14 points, or 0.1 percent, to 11,635.3. The Dow rose 1.4 percent for the week, while the S&P 500 climbed 2.7 percent and the NASDAQ gained 6.1 percent .


On the bond markets, 10-Year United States rates jumped to 3.08 percent.


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