Photo: kanjiroushi on flickr
Japan and Shanghai surged alongside to strong earnings and a weakening yen. Steel and cement shares are soared. Today’s Japanese earnings include Canon, Nippon Steel, and Sumitomo Mitsui Financial. China reported that its industrial output rose over 13% year over year. See more detail via the Dig Deeper link below. Tokyo: +2.7% (Nikkei 225, 2:29)
Shanghai: +2.43% (CSI 300, 3:01)
Asia: +0.17% (MSCI Asia Apex 50, 4:15)
Hong Kong: +0.56% (Hang Seng, 4:01)
Japanese Yen: Went from 87 to 88 per US$ over the last 24 hours.
European markets are rising and the euro continues to battle the $1.30 level.
Frankfurt: +0.22% (DAX, 4:11)
Paris: +0.67% (CAC 40, 4:10)
London: +0.27% (FTSE 100, 4:10)
The Euro: $1.301 (-0.03%, 4.30)
Gold, oil, the Baltic Dry, and the U.S. dollar are all mildly positive. Note though that gold slipped yesterday to $1,165.
Gold: +0.32% ($1,165, 4:00)
Oil: +0.0% (Brent Crude $76.13, 4:00)
Baltic Dry Index: +1.52% (BDI 1,869, 23 July)
Dollar Index: +0.002% (DXY 82.158, 4:13)
U.S. futures are rising along with global markets. Look for Durable Goods orders at 8:30 AM ET and EIA Petroleum data at 10:30 AM.
EARNINGS: Conoco Phillips (COP), Arcelor Mittal (Steel, MT), Corning (GLW)
Best Regards – @vincefernando
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