US DATA: Firms' Price Expectations Cool But Actual Increases Surprisingly Strong
Aug-19 17:19
The Atlanta Fed's Business Inflation Expectations survey saw 1Y ahead expectations for unit costs ho...
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UK: "*JOHN HEALEY IS NAMED UK CHANCELLOR OF EXCHEQUER" (BBG)
Jul-20 17:17
- "*JOHN HEALEY IS NAMED UK CHANCELLOR OF EXCHEQUER" (BBG)
LOOK AHEAD: Tuesday Data Calendar: ADP NER Pulse
Jul-20 17:16
- US Data/Speaker Calendar (prior, estimate). All times ET
- 07/21 0815 ADP Weekly Employment / NER Pulse (19.75k, --)
- 07/21 0830 Philadelphia Fed Non-Mfg Activity (-25.8, --)
- 07/21 1130 US Tsy $95B 6W bill auction
- Source: Bloomberg Finance L.P. / MNI
US STOCKS: Midday Equities Roundup: Paring Gains, IT Outperforming
Jul-20 17:10
- Stock indexes hold mixed levels Monday, the tech-heavy Nasdaq outperforming weaker DJIA at midday. At the moment, the DJIA trades -0.2%, SPX emini +0.4%, the Nasdaq +0.8%.
- IT and Communication Services sector shares led advances by midday, semiconductor makers buoyed the tech sector: Marvell Technology +5.45%, Teradyne +5.3%, Micron +5.2%.
- Media and entertainment shares buoyed the Communication Sector with Alphabet +2.5% and Fox Corp gaining 2.25%. Of note, wires reported a federal judge temporarily paused the Paramount-Warner Bros merger as litigants argue the merger would violate federal antitrust law.
- Leading declines: Carvana trades -4.3% as investors question it's ability to sustain earnings momentum, Chipotle -4.0% amid spreading concerns over the Cyclospora outbreak, UPS -3.35% over competition with Amazon delivery.
- The latest round of earnings expected from financials/banks tomorrow: Bank earnings Charles Schwab, Synchrony Financial, Equifax Inc, KeyCorp, MSCI Inc, Interactive Brokers Group, Capital One Financial Corp. Non-financials reporting: DR Horton, Halliburton, Danaher, Marsh & McLennan, Northrop Grumman, Hasbro, 3M Co, General Motors, Vicor Corp, Enovix Corp and EQT Corp.
