• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On November 26th, the overnight SHIBOR was 1.3160%, unchanged from the previous trading day. The 7-day SHIBOR was 1.4530%, up 2.00 basis points; the 14-day SHIBOR was 1.5070%, down 3.30 basis points; the 1-month SHIBOR was 1.5190%, down 0.10 basis points; and the 3-month SHIBOR was 1.5790%, down 0.10 basis points.On November 26th, Nomura issued a report stating that NIO (NIO.N) saw a significant improvement in its profit margin in the third quarter, creating the possibility of adjusted break-even in the fourth quarter, but its fourth-quarter shipment guidance was lower than expected. Nomura maintained its target price of $8.40 for the groups US-listed shares and reiterated its "Neutral" rating. The report stated that NIOs third-quarter revenue increased by 17% year-on-year to RMB 21.8 billion, basically at the lower end of the groups guidance, as third-quarter shipments reached 87,000 vehicles, also at the lower end of guidance. Gross margin improved by 3.1 percentage points year-on-year to 13.9%, with automotive gross margin improving by 1.6 percentage points year-on-year to 14.7%, exceeding the banks and market expectations.Reserve Bank of New Zealand Governor Hawkesby: 2026 will be a period of decline in inflation towards 2% and economic recovery.Reserve Bank of New Zealand Governor Hawkesby: The committee is more comfortable with inflation expectations than earlier this year.On November 26th, US President Trump stated on social media on November 25th that the USs new "28-point" plan to end the Ukraine crisis has been further refined. Currently, disagreements remain regarding some clauses, and the US will send representatives to communicate separately with both Russia and Ukraine on the plan. Ukrainian President Zelenskyy stated on the same day that he was willing to meet with Trump to discuss some issues related to the "peace plan." Furthermore, Ukrainian negotiators also denied on the 25th US media reports that Ukraine had "agreed in principle" to the US "peace plan."

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

Charlie Brooks

Jul 25, 2022 11:20

5.png


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%.