Stocks edge higher as the earnings season commences - Monday Review, July 12

By: Miguel A. Rodriguez

11:07, 13 July 2021

Market watchers are cautious ahead of US inflation data and Powell’s testimony

The US

Wall Street closed at its highest level, lifted by tech and bank stocks as investors eyed the start of the second-quarter earnings season. USA30 rose 0.36%, while USA500 gained 0.35%. TECH100 climbed 0.21%.

Crude oil traded 0.8% lower at $73.95 per barrel.

Gold fell 0.3% to $1,804.55 an ounce.


Asia and Australia

Markets were up as traders kept an eye on the inflation data and US Federal Reserve Chairman Jerome Powell’s testimony later in the week for more clues on the economic recovery from the pandemic.

Japan225 was up 2.27%.

HongKong45 traded 0.86% higher.

Down under, Australia200 rose 0.90% despite reporting its most significant daily rise in COVID-19 cases this year due to the spread of Delta variant in Sydney. 



Stocks ended lower, with investors starting an eventful week on a cautious note. Moreover, European Central Bank President Christine Lagarde announced that the bank would update its guidance on monetary stimulus at its next meeting. Germany30 traded 0.2% lower. France40 and UK100 each lost 0.7%.

Brent oil fell 0.9% to $74.88 a barrel.

EUR/USD traded 0.1% higher at 1.1877.


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This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided.