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July 20th - Morgan Stanley strategists stated in a report that the UK political risk premium has declined as Andy Burnham is set to become the new British Prime Minister on Monday. The strategists noted that geopolitical concerns continue to weigh on UK government bonds, but these concerns are easing. They expect UK bond yields to fall if tensions in the Middle East ease.Iranian President Pezechzian: Throughout my term, I have never had partisan or factional bias, and no one has been able to claim that anyone was hired or dismissed solely because of political leanings, party affiliation, or even nepotism.On July 20th, HSBC economists stated in a report that global trade growth could slow if AI-related demand weakens. They pointed out that global trade remains closely tied to the AI cycle, with related goods driving 80% of global export growth in nominal value. These goods account for approximately 80% of Taiwans total exports and 27% of the USs total imports. They noted that exports excluding technology products have been weaker, with export growth in other categories essentially stagnant since 2024. Furthermore, AI is also supporting growth in services trade. However, they believe that based on capital expenditure forecasts from major global hyperscale cloud service providers, even if AI investment growth slows next year, this AI boom is likely to continue for some time.British Prime Minister Keir Starmer formally resigned during a meeting with King Charles.British Prime Minister Keir Starmer went to Buckingham Palace to formally resign as Prime Minister of the United Kingdom.

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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