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According to The Information: Nvidia (NVDA.O) and AI chip startup d-Matrix are integrating hardware into a new system to support the operation of AI models.As of 8:30 on July 8, 2026, Brent crude oil, WTI crude oil and other commodities saw the largest fluctuations. A chart reviews the overnight price changes in the international market and their corresponding theoretical mappings in the domestic market.International oil prices continue to rise, with US crude oil breaking through $72. A chart provides a quick overview of the pre-market conversion prices of crude oil between domestic and international markets.Spot gold and silver prices continued to rise slightly, with spot gold surpassing the $4,100 mark. A quick overview of the pre-market prices of precious metals in both domestic and international markets is provided in this chart.On July 8th, Bank of Japan policy board member Toshiro Asada stated that he must see signs of demand-driven inflation before supporting an interest rate hike, but he also noted that the transmission of rising costs is "relatively fast," suggesting he might vote for a rate hike in the future. Asada made these remarks in his first interview since joining the policy board. He is a policy board member appointed by dovish Prime Minister Sanae Takaichi. The Bank of Japan raised interest rates to a 31-year high of 1% in June, and Asada was the sole dissenter on that decision. He stated that he voted against the rate hike because of the continued uncertainty surrounding the Middle East situation, which could impact output and employment. A key prerequisite for supporting future rate hikes is that Japan has the conditions to sustainably achieve its 2% inflation target. "Furthermore, I believe it is necessary to confirm that this target is achieved with the support of endogenous economic forces such as wage increases and demand expansion," he added, noting that these forces are currently insufficient to justify a rate hike. However, Asada stated that future decisions will depend on the economic conditions at that time. Although oil prices are falling and consumer inflation is slowing, the effects of previous oil price increases are being transmitted "relatively quickly" and could lead to a general rise in prices across various commodities.

Dow Futures Decline Ahead of Fed Rate Hike; Earnings Season Accelerates

Charlie Brooks

Jul 25, 2022 11:20

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Following a strong week for key U.S. indices, U.S. stock futures were neutral on Sunday evening as market participants prepared for the busiest week of corporate earnings. The Federal Reserve's interest rate announcement on Wednesday is expected to contain additional rate increases.


At 7:10pm ET (11:10pm GMT), Dow Jones Futures and S&P 500 Futures were down 0.1 percent, while Nasdaq 100 Futures were up 0.1 percent.


After concluding its two-day policy meeting on Wednesday, it is widely anticipated that the Federal Reserve will announce a 75 basis point rate hike the following week. Apple Inc (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOGL), Amazon.com Inc (NASDAQ:AMZN), Meta Platforms Inc (NASDAQ:META), 3M Company (NYSE:MMM), Boeing Co (NYSE:BA), Forward Industries Inc (NASDAQ:FORD), and Intel Corporation (NASDAQ:INTC) are also slated to report quarterly results.


On the statistics front, the GDP estimate for the second quarter is expected to show growth of 0.4%, reversing the decline of 1.6% in the previous quarter. In addition, CB consumer sentiment, new and pending home sales, durable goods orders, and the Chicago, Dallas, Richmond, and Kansas Fed Manufacturing indexes will be monitored closely.


Key benchmark indices sank on Friday as a result of Snap Inc.'s weaker-than-anticipated earnings (NYSE:SNAP). The Dow Jones Industrial Average lost 137.61 points, or 0.4%, to reach 31,893. The S&P 500 slid 0.9% to 3,961.6, while the NASDAQ Composite dropped 1.87% to 11,834.11. The Dow increased by 2% for the week, while the S&P 500 and Nasdaq rose by 2.6% and 3.3%, respectively.


Following the release of earnings, Snap Inc (NYSE:SNAP) shares plunged 39.1% among equities.


Twitter Inc (NYSE:TWTR) climbed 0.8% despite posting below-consensus earnings, revenue, and user growth.


Verizon Communications Inc (NYSE:VZ) shares slumped 6.7% on earnings that fell short of Wall Street's forecasts.


On the bond markets, United States 10-Year interest rates were 2.752%.