September S & P 500 E-MINI FUTERES (ESU25) is heading to the top +0.26 % this morning, in an attempt to capture a losing chain of five sessions, with a direct focus on a very expected speech by Federal Reserve Chairman Jerome Powell.
In the trading session yesterday, the main Wall Street indicators ended in red. Renewable energy shares decreased after President Trump said in a position on social media that the United States will not agree to solar energy projects or wind, as the first (FRLR) sank around -7 % to lead the losers in the S&P 500 and Sunrun (Run) exceeding more than -4 %. Also, walmart (WMT) decreased by more than 4 % and the loser was the percentage of DOW after it has spread the largest partner in the world EPS Q2. In addition, Coty (Coty) fell more than -21 % after the cosmetics company recorded an unexpected quarterly loss and expected that the sharp sales of FQ1 will continue. On the upper side, Nordson (NDSN) increased +3 % after manufacturing the FQ3 results increased better than expected and raised its profits for the entire year.
The economic data issued on Thursday showed that the Information Manager Index in the United States of Global Industrialization increased unexpectedly to the highest level at 53.3 in August, stronger than 49.7 expectations. Also, current homes in the United States increased unexpectedly +2.0 % m/m to 4.01 million in July, stronger than 3.92 million expectations. Meanwhile, the number of Americans who submit the unemployed demands in the past week increased by +11K to the highest level at 235 thousand, compared to 226,000 expected.
“The numbers of the great purchasing managers have made it difficult for Powell to revive the weak employment … there is no pleasure in the stock field as well,” said Andrew Brenner at Natallance Securities.
Cleveland benefit, Beth Hamak president, said on Thursday that she will not support reducing interest rates if politics make a decision tomorrow. “We have very high inflation and was heading up during the past year,” Hamak said. Also, the Federal Reserve Chairman at Atlanta Rafael Postic said that he is still looking at low prices according to this year, but added that the labor market path “is likely to be worrying” and calls for close attention. In addition, the head of the Kansas City City Jeffrey Schmid said that the risk of inflation still exceeds the risks to the labor market. Finally, the Chairman of the Chicago Board of Directors, Austan Golsby, said that although some recent inflation data has become better than expected, he hopes that “dangerous” reading will be just a temporary point.
Meanwhile, US price futures have been 69.3 % to reduce 25 basis points and a 30.7 % chance of non -change rate at the September Policy meeting.
Today, all eyes focus on the speech of the Federal Reserve Chairman Jerome Powell at the annual economic policy symposium of the Central Bank in Jackson Hall, Wyoming. Investors are monitoring to see if Powell provides any indication of what the Federal Reserve Bank might do at the September meeting. However, it may be difficult for him to give a clear signal, especially with some of his colleagues in a rush to lower prices.
A 22 -volt survey revealed that 43 % of investors expect the market’s reaction to Jackson Hall “neutral”, and 39 % expect “risk”, and only 18 % expect “risks”.
“The key to the Jackson Hall symposium will be whether the Speaker of the House of Representatives is to update the position of monetary policy reaction.”
The American economic data list is empty on Friday.
In the bond market, the return on the normative memorandum for 10 years in the United States is 4.340 %, an increase +0.21 %.
The Euro Stoxx 50 +0.31 % index increased this morning, approaching its highest levels ever, with a firm focus on the annual presidential discourse of Jerome Powell at the Jackson Hall symposium. Chemical stocks led the gains on Friday, which was raised by more than +5 % in Akzo Noble (akza.na) after the activist CEVAN CAPITAL got a 3 % stake in the paint maker. Cars’ shares have also gained land. Index index on the correct path to spread its third weekly gain in a row. The final data from the Destatis Office, which was issued on Friday, showed that the economy in Germany was more contracted than it was initially estimated in the second quarter, with the industry’s worse than what was expected as American definitions were evaluated on exports. Separately, the data showed that the business climate index in France was constant in August. Meanwhile, the European Union pressed the United States’ low tariff in selected sectors after it issued Brussels and Washington the long -awaited joint statement to close the commercial deal they reached almost a month ago. The European Union said on Thursday that it will ensure the application of a low tariff on automobile exports retroactively from August 1 while continuing to pressure a preferential tariff on wine and spiritual drinks. In other news, UBS Global Wealth Management expected 3 % shrinkage in corporate profits growth in the eurozone this year, compared to the previous estimate of flat growth, as the results of the opposite in the second quarter of profits threaten. In other companies news, hensoldt AG (HAG.D.DX) rose more than +3 % after upgrading CITI to a neutral from sale.
Local Business Outouting Data has been released in Germany and France today.
German GDP has been reported by -0.3 % Q/Q and +0.2 % Y/Y in the second quarter, weaker than -0.1 % Q/Q and +0.4 % Y/Y.
The French business survey came in 96, in line with expectations.
Asian stock markets closed today in green. The Shanghai Chinese compound (SHCOC) +1.45 % closed, and the stock index in Japan (NIK) closed +05 %.
The Shanghai Chinese boat index closed sharply higher today, reaching the highest new level for 10 years, as it added the optimism of renewable technology more momentum to the continuous gathering. The semiconductor shares jumped on Friday after the information stated that NVIDIA told some suppliers the components to stop the production associated with the H20 AI chip. This guidance comes just weeks after Beijing urged local companies to avoid using the H20 due to the alleged security concerns. The news has strengthened hopes that more chips used in China are produced locally. Analysts noted that another batch of chips on Friday came from the Chinese company Deepseek, which hinted in an artistic paper that the next generation of artificial intelligence chips from Chinese companies on the road. Meanwhile, the Benchmark index recorded the best weekly gain in nearly nine months. Chinese stocks have been climbing in recent weeks, with the support of mitigating trade tensions between the world’s largest economists and improved liquidity conditions, as well as investors who are going outside bonds and to stocks. “At the present time, Fomo is still morale, which leads to the flow of purchase on every market correction,” said Goldman Sachs. In other news, on Friday, China issued temporary bases to oversee the activities of land mining, melting and semester. In corporate news, Lee Ning rose more than 8 % in Hong Kong after the sportswear maker published a net income in the first half of the expected.
The stock index in Japan in Japan closed directly above the flat line, as investors exposed fresh inflation data from the country and prepared for Jerome Powell’s speech at the Jackson Hall symposium. The securing of shares and banking exceeded on Friday, as the revenues of Japanese government bonds increased after the strongest local inflation data expected and follow the high revenues of the American treasury overnight. Top bond returns improve expectations for revenue from investment and lending. However, the standard index achieved a weekly loss. The government data released on Friday showed that the basic inflation in Japan slowed in July, but it remained much higher than the goal of Japan by 2 %, which strengthens the market expectations that the central bank will raise the standard interest rate again this year. The data came about a week after the US Treasury Secretary, Scott Payette, took the extraordinary step to criticize the treatment of inflation, saying: “They are behind the curve.” With the diminishing murderous uncertainty to the extent of an agreement between Tokyo and Washington in late July, market participants expect that they will increase the policy price in the short term as the continuous cost pressures on consumer governor. “With the presence of good and informative uncertainty, the bank must feel comfortable with the resumption of policy normalization long ago.” Boj Kazuo Ueda attends Kansas City Fed in Jackson Hall, Wyoming, at the end of this week. Investors will monitor any signals of the assembly that can indicate the potential time to raise the price of another BOJ. Close the NIKKEI fluctuation index, which takes into account the implicit fluctuations of Nikkei 225 options, +0.20 % to 25.11.
The Japanese National Consumer Prices Index increased in July +3.1 % on an annual basis, stronger than +3.0 % on an annual basis.
Before the American market, stock engines
Zoom Communications (ZM) increased more than 5 % in pre -market trading after the video conference platform has published optimistic results and raised the entire year’s guidelines.
Ulta Beauty (Ulta) increased more than +1 % in pre -market trading after promotion of Barclays to weight gain of equal weight with a price of $ 589.
NVIDIA (NVDA) fell more than -1 % in pre -market trading after multiple reports stated that the chip maker had told some components suppliers to stop production associated with the H20 Ai chip.
Intuit (INTU) fell more than 5 % in pre -market trading after the company issued Tepid Fy26 instructions.
Working Day (WDAY) has slipped more than -5 % in pre -market trading after the Human Resources software company provided subscription revenues in the Q3 a little weaker and announced an agreement to obtain Paradox.
You can see more Pre -market arrows market here
Shedding light on US profits today: Friday – 22 August
BJ’s Whilesale Club (BJ), RLX Technology (RLX), Buckle (BKE).
On the date of publication, Oleksandr Pylypenko did not have positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article are only for media purposes. This article was originally published on Barchart.com
