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July 3, Russias auto market shrank in the first half of 2025 as high borrowing costs and fees deterred many potential buyers, which threatened to reverse the industrys two-year rebound growth. Data from the European Business Association showed that from January to June this year, sales of Russian passenger cars and light commercial vehicles fell to 546,430 units, down 27% from the same period last year. The organization also lowered its forecast for 2025 by about 9 percentage points, and now expects a 24% drop from last year.German Chancellor Merz: The United States is pushing us to implement more banking supervision, but it does not apply these rules to itself, so we need to rethink this issue.July 3, Ukraines Energy Ministry said on Thursday that the European Union has increased the maximum capacity for electricity imports from Ukraine by 38.5%, giving Kiev an opportunity to earn money to rebuild power facilities destroyed by Russian attacks. The new limit of 900 megawatt-hours will last until August 1 and will then be reviewed monthly. Before the outbreak of the Russian-Ukrainian conflict in 2022, Ukraine began exporting large amounts of electricity to the European Union. After Russia destroyed Ukrainian power generation facilities, Ukraine stopped power supplies and then restored them earlier this year. "Increasing the maximum export capacity is an important step that will make it easier to balance the Ukrainian energy system," said Ukrainian Energy Minister German Galushchenko. "It will also allow Ukrainian power plants to make extra profits to cope with the consequences of the Russian attack and prepare for the winter."Robinhood (HOOD.O) shares fell about 2% in pre-market trading after OpenAI denied any connection with the Robinhood token.July 3, on Thursday, a Bank of England survey released in June showed that British companies lowered their expectations for wage growth in the next year. The survey showed that companies expected wages to increase by 3.6%, down 0.1 percentage points from the three-month moving average. The survey also said that in June, 29% of British companies expected sales to fall in the next year due to changes in US trade policy, while 24% of companies expected their capital expenditures to fall.

S&P 500 Rallies 0.5%, Netflix Gains Nearly 7% on Upbeat Subscriber Outlook

Cory Russell

Jul 21, 2022 15:17

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All Major US Indices Remain Above 50DMA as S&P 500 and Nasdaq 100 Rally

The major US market indices were mixed on Wednesday, with the S&P 500 and Nasdaq 100 indexes doing better than the Dow Jones Industrial Average despite being more heavily weighted toward large technology and growth stocks. The first two were both successful in reaching their highest points in almost a month.


The fact that all three of the main indexes were able to retake their 50-Day Moving Averages for the first time since April is one important finding from the US equities markets on Wednesday, suggesting that the current bullish change in momentum may have more legs.


According to analysts, the main indexes are benefiting from the US earnings season's better-than-expected start. After the closing, the electric vehicle manufacturer Tesla is scheduled to release its profits.


Data suggesting that existing house sales fell to a two-year low in June after surging to record highs during the epidemic last summer were ignored by US equities markets. The US home market has recently suffered from a sluggish economy, a deteriorating cost-of-living issue, and a dramatic increase in interest rates.


Despite the grim forecast, most existing houses sold in June were listed for less than a month, according to LPL Financial's chief economist Jeffrey Roach, who was reported by Reuters. This suggests that despite a weakening economy, there is still a fundamental need for house ownership.

Large-Cap Growth Stocks Are the Front-Runners

Stronger than anticipated Netflix results sent the company's share price higher, driving the rise in the US equities markets on Wednesday. These huge tech/growth stock dominated information technology and consumer discretionary GICS S&P 500 sectors. The streaming service said that it lost roughly 1 million customers in the second quarter but anticipated that its subscriber count will begin to increase once again in the third quarter.


Other members of the once-dominant FAANG group of companies rallied in response to Netflix's positive Q3 projection. FAANG stands for Google, Apple, Amazon, Netflix, and Facebook (now known as Meta Platforms) (whose parent company is called Alphabet). By the end of the next week, Alphabet, Meta, and Amazon will all have released their results.


Semiconductor manufacturers were another significant outperforming segment of the US equities market. Analysts pointed to the fact that the US Senate approved measures aimed at bolstering the US semiconductor sector on Tuesday as the reason for the Philadelphia Semiconductor index's increase of more than 2% on Wednesday.


The share price of Merck & Co. decreased after the cancer treatment medicine Keytruda failed to reach end-point goals in a late-stage neck and head cancer study, one of the significant individual movers.

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