Looking at the World's Stock Markets

#stock #markets #world

Equity markets continue to rally, shrugging off the virus as a non event, Wall Street marked another record high as did Europe Tuesday, while in Asia, even COVID-battered India saw stock markets post all time highs

A bounce in Chinese tech stocks was another reason to cheer as the dust settled on the “spiritual opium” attack on the video game industry.

Bond markets tell a different story. Treasury yields are struggling below 1.20%, even after some reassuring factory orders data.

Upcoming data could test this diverging trend.

In focus now is the ADP employment survey, which will set the stage for Friday’s NFPs the last set of labor figures the Fed will see before Jackson Hole, no tapering signal seen there.

The earnings season meantime continues to deliver.

Q-2 profits at Europe Inc are now seen growing at 140% Y-Y the highest rate ever, while corporate America is set for a 90% surge.

In Asia, Toyota posted a record Quarterly operating profit

Stocks futures flag mild gains in Europe, undeterred by the Q2 loss at Germany’s Commerzbank, while Wall Street are flatlining.

M&A newsflow continues apace, though the UK is reportedly considering blocking Nvidia’s $40 billion acquisition of chip designer Arm.

M&A deals worth $3.3-T were recorded during the 1st 7 months of y 2021, the highest year-to-date total since records began in Y 1980.

Key developments that will give us more direction to markets Wednesday are the following:

- Growth in China’s July services activity speeds up, but risks loom - Caixin PMI

- Japan’s service sector activity shrinks at faster pace in July - PMI

- Eurozone retail sales

- Emerging markets: Thailand, India, Georgia central banks meet

- Fed speakers: Fed Vice Chair Richard Clarida

- US ADP payrolls

- US earnings: Marathon, Kraft Heinz, New York Times, Tupperware, Jones Lang LaSalle, Fox, Western Union, Metlife, MGM, Manulife

European earnings: Commerzbank, Siemens, Intesa, Tenaris

Asia-Pacific Indexes

Data as of 4 August 2021. All quotes delayed at least 15 mins.

Symb

Index

Time

Last

Chg

Chg %

.TRXFLDJPP

Thomson Reuters Equity Japan Index

3:36am EDT

168.75

-0.85

-0.50%

.TRXFLDHKP

Thomson Reuters Equity HK Index

3:38am EDT

312.26

+2.31

+0.75%

.TRXFLDINP

Thomson Reuters Equity India Index

3:38am EDT

1,975.90

-0.46

-0.02%

.N225

Nikkei Stock Average 225

2:15am EDT

27,584.08

-57.75

-0.21%

.HSI

Hang Seng Index

3:54am EDT

26,441.24

+246.42

+0.94%

.AORD

ASX All Ordinaries Index

2:53am EDT

7,778.70

+28.20

+0.36%

.KS11

KOSPI Index

2:30am EDT

3,280.38

+43.24

+1.34%

.SETI

SET Composite Index

3:52am EDT

1,539.44

-1.07

-0.07%

.JKSE

Jakarta Composite

3:39am EDT

6,145.90

+15.33

+0.25%

.PSI

PSE Composite Index

12:50am EDT

6,585.21

+25.15

+0.38%

.SSEC

Shanghai Composite Index

3:39am EDT

3,477.22

+29.23

+0.85%

.BSESN

S&P BSE Sensex

3:54am EDT

54,315.19

+491.83

+0.91%

.FTFBMKLCI

FTSE Bursa Malaysia KLCI

3:54am EDT

1,489.26

-11.00

-0.73%

.HNX30

HNX 30 Index

2 Aug 2021

520.06

+10.66

+2.09%

Have a prosperous day, Keep the Faith!