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According to the latest report from Omdia on July 7, Apple will transfer MacBook Air display orders to BOE, and BOEs expected share of MacBook panel supply in 2025 will be 51%, an increase of 12% over the same period last year. LG Displays share will drop to 35% in 2025, a decrease of 9% from last year.July 7, according to the Financial Times, Amazon (AMZN.O) and Walmart (WMT.N) will clash this week. Seattle-based Amazon changed the launch of its annual "Prime Member Day" online promotion to July 8, the same date as Walmarts discount event last year. Walmart insisted on starting the event on the same date, which led to a head-on confrontation, and also extended the event from 4 days to 6 days, overwhelming Amazon. Its "Walmart Special" event will be carried out online and for the first time cover 4,600 stores in the United States. "The two retail giants are competing fiercely for the favor of American consumers," said Canavis, an analyst at market research firm eMarketer.Poly Property Group (00119.HK): In June, the company achieved contract sales of approximately RMB 4.8 billion, contract sales area of approximately 165,000 square meters, and an average contract sales price of approximately RMB 29,157 per square meter.According to TASS, Russian air defense forces destroyed 91 Ukrainian drones during the night.According to the Financial Times: British fintech company Revolut has not yet obtained approval from the UK financial regulator and cannot provide consumer credit services to its 11 million customers in the UK.

Edging Higher as Investors Digest Jobs Data

Jimmy Khan

Jul 11, 2022 15:22

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The tech-weighted index is on track to have its greatest performance since early November if it advances for a fifth consecutive session.


As investors processed Friday's U.S. Non-Farm Payrolls data, the September E-mini NASDAQ-100 Index futures were slightly higher late in the day.


Investors are also preparing for the US consumer inflation data due out next week. The tech-weighted index is poised to end up for a fifth consecutive session, which would be its best showing since early November, despite Friday's poor trading.


September E-mini NASDAQ-100 Index futures are now trading at 12163.25, up 24.75 or +0.20 percent, as of 19:00 GMT. The S&P 500 Trust ETF (GLD) is down $0.28 or 0.07 percent, trading at $388.71.


According to a Reuters survey of experts, the Labor Department's eagerly anticipated report revealed Non-Farm Payrolls grew by 372,000 jobs in June, greater than the gain of 268,000 expected. The survey also revealed that average hourly wages increased by 0.3 percent after increasing by 0.4 percent in May, while the unemployment rate held steady at 3.6 percent, close to pre-pandemic lows.


The price movement indicates that investors have factored in the widely anticipated 75-basis point rate rise by the Fed on July 27. Gains are, however, being constrained by usually anxious traders who are fixated on analyzing every new piece of data as it is revealed. The US Consumer Inflation (CPI) data is due out on Wednesday. Due to the increase in fuel prices in June, a good start is anticipated.


Short-Term Outlook The September E-min NASDAQ-100 Index's movement into Friday's close will probably depend on how traders respond to the short-term 50 percent mark at 12021.00.

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