A look at the day ahead in European and global markets |
|
|
By Rocky Swift, Chief Correspondent, Japan Markets |
|
|
With markets largely inured to an ever-changing tariff picture, the spotlight turns to Wall Street earnings for clues on how the trade drama is affecting corporate bottom lines. JPMorgan Chase, Wells Fargo and Citigroup are among heavyweights reporting second-quarter results today. |
|
|
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 14, 2025. REUTERS/Jeenah Moon/File Photo |
Profits for S&P 500 companies in the second quarter are expected to rise 5.8%, according to LSEG data, down from a forecast of 10.2% on April 1, before U.S. President Donald Trump launched his trade war. Investors are also waiting for U.S. consumer price data for June, looking for any sign of price pressure from tariffs or hints on policy moves by the Federal Reserve. But the main Fed move Trump is gunning for is an early exit by Chairman Jerome Powell, who hasn't given in to the president's wish for "rocket fuel" rate cuts. Bond markets are on edge about whether an investigation into renovations of the central bank's headquarters will serve as fodder to oust Powell. |
|
| Asian shares and Nasdaq futures got a bounce after Nvidia, the $4 trillion behemoth at the forefront of the artificial intelligence investment boom, said it will resume sales of its H20 chips to China. Nvidia CEO Jensen Huang will attend the opening ceremony of China's international supply chain expo on Wednesday, Chinese state TV said on Tuesday. Stock futures in Europe and the broader U.S. market pointed to slight gains at their openings. |
Graphics are produced by Reuters. |
|
|
Key developments that could influence markets on Tuesday: |
- Germany's ZEW Economic Sentiment for July
- Euro zone industrial production data for May
- U.S. core consumer price index (CPI) for June
- Canada CPI, housing starts for June
- U.S. earnings: JPMorgan Chase, Wells Fargo, Citigroup, BlackRock
|
Graphics are produced by Reuters. |
|
|
Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. |
|
|
Morning Bid is sent every weekday morning. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here. This email includes limited tracking for Reuters to understand whether you've engaged with its contents. For more information on how we process your personal information and your rights, please see our Privacy Statement. Terms & Conditions |
|
|
|
0 Komentar untuk "US earnings to shed light on tariff impact"