Market activity 23/7/19

FTSE 100 +6 points (+0.08%) at 7514, DAX +0.24% at 12289, CAC40 +0.26% at 5567

DJIA +17 points (+0.07%) at 27171, S&P 500 +0.28% at 2985, NASDAQ +0.71% at 8204 U.S. stocks ended slightly higher Monday at the start of a crowded week for corporate earnings. Meanwhile, crude oil prices added to Friday’s gains as tensions escalated with Iran. This week, about 25% of S&P 500 component companies report second-quarter results. For companies that have reported so far, results have largely exceeded expectations. Earnings have beaten by 6.5%.

TODAY – ASX +0.51% at 6725, Shanghai +0.07% at 2888, Hang Seng +0.12% at 28403, Nikkei +0.99% at 21629 – Asian stocks edged higher today, with the chip sector leading the gains, tracking Wall Street moves, though trading remained thin ahead of the domestic earnings season for the April-June quarter and ahead of Wednesday’s FOMC.

Bonds – Japan -0.14%, Germany -0.34%, France -0.08%, Spain 0.38%, Portugal 0.45%, UK 0.72%, Italy 1.66%, US 2.06%, Greece 2.08%

Cable $1.2458, €/£0.8983, €/$1.1193, $/Y108.04 – Gold $1418.20 – Nymex $55.19, Brent $63.27

UK companies posting results this week – Tuesday – Unite Group, Beazley, IG Group, PZ Cussons, Fever-Tree, Wednesday – Segro, Drax Group, Tullow Oil, ITV, Glaxo SmithKline, Croda, Informa, Metro Bank, Britvic, Marston’s, Antofagasta, Rathbone Thursday – Unilever, Howden Joinery, Diageo, Astra Zeneca, Lancashire Holdings, Anglo-American, Bodycote, GoCompere, National Express, Relx, Vesuvius, Aveva, Brewin Dolphin, Compass, Countrywide, Inchcape, Kaz, Sage, Wizz Air, Friday – Pearson, Vodafone, Rightmove, Foxtons, AON, IMI

US companies posting results this week – Tuesday – Whirlpool, Biogen, Hasbro, United Technologies, Coca-Cola, Pulte, Harley-Davidson, Kimberly-Clark, Lockheed Martin, Texas Instruments, Swap, Visa, Wednesday – Knoll, AT&T, UPS, General Dynamics, Freeport McMoRan, Boeing, Caterpillar, Northrop Grumman, PayPal, Xilinx, Facebook, Ford Motor, Tesla, Thursday – American Airlines, Hershey, Comcast, 3Ms, Raytheon, KKR, BGC Partners, Valero Energy, Bristol Myers Squibb, Alphabet, Expedia, Mattel, Intel, BJ Restaurants, Starbucks, Amazon, Friday – Twitter, Zimmer, Abbvie, Goodyear, Weyerheuser, Colgate-Palmolive, McDonald’s

ECONOMIC data Posted this week – Tuesday – CBI Industrial trends, survey, US Existing Home Sales, Wednesday – UK Housing loans, US PMI Composite, US New Home Sales, Thursday – CBO Distributive Trade Survey, US Durable Goods & & Wholesale Inventories, ECB Meeting, Friday – US 2nd Quarter GDP estimate


European opening calls – FTSE100 +29 points at 7543, DAX +82 point at 12371, CAC +22 points at 5589, DJIA FUTURES +53 points at 27224.


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