Friday on the market
- Global stocks mingled on the last trading day of the month, with Asia hampered by fears of recovery and Europe and the US growing at high technological returns.
- Apple, Amazon, Facebook and Google beat the Wall Street forecast and sales rose to $ 205.2 billion.
- However, lingering concerns about US growth pushed the dollar to a fresh two-year low and gold to a fresh all-time high in overnight trading.
- U.S. coronavirus cases will increase by more than 68,000 on Thursday, for a total of 4.6 million.
- Global oil prices are rising due to the weaker US dollar, but demand concerns remain at the $ 40 per barrel trading range.
- U.S. stock futures suggest that Wall Street will open more tightly on Wall Street ahead of Merck, ExxonMobil, Chevron and Colgate before trading and inflation and personal consumption data begin at 8:30 a.m. Eastern Time.
Wall Street futures extended gains on Friday, driven by profits for the largest U.S. technology stocks after proceeds from post-trade cracks yesterday, but lingering concerns about the fate of the global economic recovery and rising coronavirus infection rates continue to overshadow investor sentiment.
Apple Inc. (AAPL) ̵1; Get an overview he will add at least 150 points to the Dow Jones industry average at the start of trading, thanks to a 6% rise in the pre-stock market after last year’s revenue report, which included nearly $ 60 billion in revenue and better than expected. bottom line $ 2.58 per share.
Apple’s plans to split its shares, which are currently trading north of $ 400, could hold profits for Dow, given the technology giant’s impact on the price-weighted average.
Amazon Inc. (AMZN) – Get an overviewIt will also be a big boost for the S&P 500 and Nasdaq, with pre-market market shares up 5.4% after the online retailer posted quarterly sales gains of nearly $ 90 billion.
Thursday’s grim reading of GDP in the second quarter, which showed an annualized decline of 32.9% – the steepest since records began – as well as an increase in weekly job-free entitlements, was a strong reminder to investors that any recovery in the domestic market will depend on Brokeback. spread of a virus that infected 4.6 million Americans and killed at least 154,000.
In fact, these concerns are expressed much more dramatic in the value of the US dollar than in equities, with feedback falling to a fresh two-year low compared to a basket of its global peers in overnight trading, falling to around 5% in July, the highest in ten years.
Gold prices also had the best month in almost five years, rising by almost 11% since the end of June to a record high of $ 1,974.00 an ounce in night trading as new coronavirus lock-up orders were introduced in the United Kingdom and Japan was threatened with imposition new restrictions on movement and business in Tokyo due to the new outbreak of the capital.
The shares, meanwhile, are ready for mixed profits from the opening of the bells on Friday, despite the impact of the power plant from Amazon, Apple, Facebook. (FB) – Get an overview and Google (GOOGL) – Get an overview, with futures contracts tied to the Dow, which indicate a 55 percent advance, and contracts related to the S&P 500, which is 4.7% more than a month, indicating a more significant jump of 15 points.
Nasdaq Composite futures, meanwhile, is leading to a 180-point gain from the bell, which would push the technology-focused index to its peak.
European equities also recorded solid early gains, with the Stoxx 600 up 0.72% at the start of trading, stimulated by a 0.8% gain for the DAX performance index in Germany and a 0.6% gain for the FTSE 100 in London.
However, the euro is in the best month against the dollar in a decade, when for the first time since May 2018 it touched the level of 1.19 in overnight trading, with the pound rising to a maximum of four and a half months. 1,314 against declining feedback.
The weak dollar helped global oil prices rebound on Friday, despite concerns about demand linked to the resumption of COVID-19 and mixed industrial data from China.
WTI contracts for delivery in September, the U.S. benchmark, were 30 cents higher than their close in New York on Thursday and at the start of European trading were $ 40.22 a barrel, while Brent’s September contracts were the global benchmark. value, recorded a 30 cent higher price of $ 43.08 per barrel.
In Asia, Japan’s Nikkei 225 fell 2.82% overnight to shift the reference value to negative territory for the month, caused by last night’s decline on Wall Street and stronger only, while the MSCI ex-Japan index across the region is the broadest stock price rate slid into closing hours by 0.31%.