Real-time News

July 27th - Citigroup traders are betting that the Federal Reserve will keep interest rates unchanged this week. According to Akshay Singal, the bank's global head of short-term interest rate trading, their positions will be profitable if the Fed keeps rates stable. Singal stated, "We still maintain our expectation that rates will remain unchanged." He added that Fed Chairman Warsh has clearly stated his desire for the market to focus on data, and the data indicates that the Fed currently does not need to raise rates.

Baker Hughes: The impact of the conflict in Iran on some projects and supply chains is expected to be offset by strong performance in other regions.

Russian Foreign Ministry Spokesperson: (Regarding the Ukraine issue) We are willing to consider new ideas and suggestions.

U.S. software companies rose in early trading, with Salesforce (CRM.N) up more than 3%, Oracle (ORCL.N) up about 5%, and ServiceNow (NOW.N) up nearly 4%.

On July 27, the General Office of the Ministry of Housing and Urban-Rural Development issued a notice on further strengthening the safety management of urban bridges. The notice emphasizes strengthening bridge safety management during the flood season. Currently, the entire country has entered the flood season. Urban bridge management departments should strengthen coordination with meteorological, water resources, and natural resources departments to effectively carry out risk warnings and prevention and response work for extreme weather, water-related, and geological disasters. The focus should be on bridge foundation erosion, slope stability, and unobstructed drainage facilities, conducting a comprehensive investigation of flood control safety risks and hidden dangers. Active coordination with river management departments is required to promptly clear accumulated debris and large floating objects that may affect bridge safety from river channels, ensuring unobstructed flood passage.

July 27th - On Monday, Nvidia's (NVDA.O) debt default protection cost saw its largest single-day increase in history. This followed reports that Nvidia was in talks for a deal worth over $750 billion in artificial intelligence infrastructure, raising concerns about the company taking on more debt. According to data from ICE Data Services, Nvidia's five-year debt default protection cost rose by approximately 0.14 percentage points on Monday, the largest intraday increase since such swap contracts began trading last November.

The S&P 500 Banks Index hit a record high, rising more than 1%.

General Motors (GM.N) rose 2.8% after Jefferson upgraded the stock from hold to overweight.

Rivian (RIVN.O) rose 3% after Piper Jaffray upgraded its rating from neutral to overweight.

July 27 - US airline stocks rose, with Alaska Airlines and United Airlines up about 4%, Delta Air Lines up 3.5%, JetBlue Airways up 6.5%, and Southwest Airlines up 2.4%; the S&P 1500 Passenger Airline Index rose 3.5%.

July 27 - The S&P 500 energy sector opened down 1%; as international oil prices fell, oil company stocks declined, with Chevron (CVX.N) down 1.8%, ExxonMobil (XOM.N) down more than 2%, and ConocoPhillips (COP.N) down 2.5%.

The Dow Jones Industrial Average opened 587.76 points higher, or 1.13%, at 52,535.01 on Monday, July 27; the S&P 500 opened 59.15 points higher, or 0.80%, at 7,471.11; and the Nasdaq Composite opened 255.55 points higher, or 1.02%, at 25,231.37.

Spotify: The previous issue has been resolved.

Goldman Sachs: If Middle Eastern energy exports only gradually return to normal by 2027, TTF natural gas prices may need to rise to over €100/MWh by December 2026.

Goldman Sachs: Our recent TTF forecast risk remains two-way, but overall biased to the upside.