🌍 Global Markets in 30 Seconds
📌 What Happened
1. US Markets
Futures slightly higher this morning ahead of PPI. Yesterday closed mixed after cooler CPI + strong AI earnings.
i. S&P 500: 7,748.50 (+0.26%)
ii. Dow: 53,770 (–0.04%)
iii. Nasdaq: 26,588 (+0.54%)
2. Earnings
Q2 season nearly finished (~90% reported). Results remain solid: 83–86% beat EPS estimates. Earnings growth running well above 20% YoY, revenue growth ~15% (strongest since 2021).
AI infrastructure names stood out as Super Micro, CoreWeave and Nebius posted strong numbers and upbeat guidance.
3. Data
July CPI came in soft (+0.1% m/m, 3.4% y/y). July PPI + Jobless Claims due later today.
4. Bitcoin
Around $63,600–$63,700.
Still stuck in a tight range and a bit soft. Looking for a clearer risk-on catalyst before any meaningful upside.
5. Gold
Holding firm near $4,380–$4,450 on softer rate-hike expectations.
6. Oil
Pulled back. WTI ~$82, Brent ~$88 as demand concerns mix with ongoing Hormuz risks.
7. Asia
Nikkei surged ~1.6%. Hang Seng slipped 0.2%.
👀 What to Watch
Today: PPI + Jobless Claims + Applied Materials earnings
Tomorrow: Retail Sales + Michigan Sentiment
Ongoing: Hormuz developments & Fed rate path
Bottom line: Strong earnings (especially AI) are supporting stocks, while inflation data and geopolitics remain the main swing factors.
📌 What Happened
1. US Markets
Futures slightly higher this morning ahead of PPI. Yesterday closed mixed after cooler CPI + strong AI earnings.
i. S&P 500: 7,748.50 (+0.26%)
ii. Dow: 53,770 (–0.04%)
iii. Nasdaq: 26,588 (+0.54%)
2. Earnings
Q2 season nearly finished (~90% reported). Results remain solid: 83–86% beat EPS estimates. Earnings growth running well above 20% YoY, revenue growth ~15% (strongest since 2021).
AI infrastructure names stood out as Super Micro, CoreWeave and Nebius posted strong numbers and upbeat guidance.
3. Data
July CPI came in soft (+0.1% m/m, 3.4% y/y). July PPI + Jobless Claims due later today.
4. Bitcoin
Around $63,600–$63,700.
Still stuck in a tight range and a bit soft. Looking for a clearer risk-on catalyst before any meaningful upside.
5. Gold
Holding firm near $4,380–$4,450 on softer rate-hike expectations.
6. Oil
Pulled back. WTI ~$82, Brent ~$88 as demand concerns mix with ongoing Hormuz risks.
7. Asia
Nikkei surged ~1.6%. Hang Seng slipped 0.2%.
👀 What to Watch
Today: PPI + Jobless Claims + Applied Materials earnings
Tomorrow: Retail Sales + Michigan Sentiment
Ongoing: Hormuz developments & Fed rate path
Bottom line: Strong earnings (especially AI) are supporting stocks, while inflation data and geopolitics remain the main swing factors.