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ASIA
Major Asian-Pacific stock markets closed on Thursday, while weak Chinese markets signaled lingering concerns about global growth prospects.
Tokyo shares slid with the hope that the Bank of Japan (BOJ) will reduce its purchases of exchange-traded funds (ETFs). Meanwhile, Chinese markets have accentuated their declines
The CSI300 benchmark of the main shares traded in the Shanghai and Shenzhen markets fell 1.16%, while the composite index Shanghai lost 0.74%. On the foreign exchange market, the dollar was trading around 110.72 against the yen.
EUROPE
The main European stock markets opened Thursday on the rise, in full avalanche of commercial results and after the meeting between the President of the United States, Donald Trump, and the President of the European Commission, Jean-Claude Juncker
The positive tone dominates the European markets after Wall Street closed yesterday with gains and the Nasdaq renewed after a session marked by the advance of the technological sector and the meeting between President Trump and the European Commission. The markets welcomed the agreement between Trump and Juncker.
During the meeting, the two parties discussed the positions, pledging to negotiate the reduction of import tariffs between the two regions and to freeze the implementation of the new tariffs during the training of the agreement. Juncker called on Trump's agreement to delay car rates, as both sides begin negotiations to reduce other trade barriers as a "big deal".
At the same time, Trump said that Europe had agreed to increase its purchases. liquefied natural gas from the United States and lower trade barriers to US soybeans. The day promises to be lively after a battery of results that will come out on Thursday morning. Among the most important, Telefónica, Bankia, Bankinter and Repsol are known. Telefónica posted a net profit of 1,739 million euros in the first half, up 8.6% compared to the same period in 2017, despite lower revenues due to the impact of currencies. Its shares reacted with profits of 1.1% to these results.
Repsol achieved a net profit of 1.546 million euros in the first half of 2018, 46.4% more than in the same period of the previous year, supported by the best oil prices and the efficiency measures that the company has applied over the past two years. For its part, the Anglo-Dutch oil company Royal Dutch Shell earned an attributable profit of $ 11,923 million (about 10,163 million euros) in the first half of the year, or 135% more than at the same time. same period of the previous year. Meanwhile, Airbus had 496 million euros in profits in the first half, a 55% decrease compared to the same period of 2017 as the European group attributed to a series of readjustments of financial instruments, including included a new provision for its A400M military transport aircraft.
The Swiss multinational Nestlé achieved a net profit of 5,825 million francs (5,016 million euros) in the first half, an increase of 19% over the same period. from the previous year. The Swiss pharmaceutical group Roche achieved a net profit of CHF 7,516 million (€ 6,472 million) in the first half of the year, an increase of 35% over the same period of 2017.
The euro started today a rising trend and it changed on the Frankfurt currency exchange market to 1,1734 dollars compared to 1,1675 yesterday.
The Stoxx Europe 600 index, which includes the 600 largest companies listed on the stock markets of 18 European countries rose at 8:15 London, 0.43% to establish at 388 85.
EE.
It seemed that Facebook's actions would suffer their worst day after the social media giant warned that profit margins would drop for several years due to the costs of improving privacy and slowdown guarantees for the company. Use in
Investors were frightened after the company's comments that its revenue growth rates could decline by "big and big numbers" in the third and fourth quarters. He also warned that spending growth is expected to exceed revenue growth next year.
Facebook (NASDAQ: FB), which closed at a record Wednesday ahead of the results, plunged from about 18% to around $ 180 in pre-market trading, eliminating nearly $ 120 billion in market value. It declined to 24% before, dropping below $ 170.
If the decline in participation continues, it would be the biggest single-day decline on Facebook, exceeding a 12% drop in July 2012. [19659003] Investors will be inundated with profits, since 74 members The S & P 500 should release earnings today, with McDonald's (NYSE: MCD), MasterCard (NYSE: MA), Comcast (NASDAQ: CMCSA), American Airlines (NASDAQ: AAL), Southwest Airlines (NYSE: LUV), Celgene (NASDAQ: CELG) and Under Armor (NYSE: UA) all posted gains before the market opened.
But the main event of the day is set to be Amazon (NASDAQ: AMZN), which will report profits after the closing bell.
According to estimates, Amazon's earnings per share is expected to add $ 2.47, while revenue is expected to total $ 53.37 billion.
Donald Trump said that the United States and the European Union had begun a "new phase" in their relations after a meeting with European Commission President Jean-Claude Juncker on Wednesday.
Leaders Committed to Expand European Imports of Liquefied Natural Gas and Soybeans from US UU They also agreed to refrain from imposing tariffs on cars as long as both The parties will begin negotiations to break down other trade barriers, as well as to review US steel and aluminum tariffs. UU and retaliatory tariffs imposed by the EU "in due course".
Trump, in a last minute publication on Twitter on Wednesday, promoted the agreement and said it was "a great day for free and fair trade"
Optimistic comments helped to alleviate some of the fears of a transatlantic trade war
The Nasdaq, with advanced technology, was ready for a big day of inactivity, investors having fled the sector following an alarming guide. Shady Facebook.
At 5:40. And, Nasdaq futures fell 62 points, or 0.8%
Shares of the famous FANG technology fell in sympathy with Facebook. Amazon lost 1.5% in the hours before the market, Netflix (NASDAQ: NFLX) lost 2%, while the parent company of Google Alphabet (NASDAQ: GOOGL) fell 1.5%.
Facebook's competitors Twitter (NYSE: TWTR) and Snap (NYSE: SNAP) also fell, losing about 3%
However, the global market appeared to be in a stronger position for Thursday.
shares, US dollar UU It was a bit higher, as investors looked forward to the latest batch of US economic data. UU For more clues about when and how fast the Federal Reserve will raise interest rates.
The US dollar index, which measures the strength of the greenback versus a basket of six major currencies, rose 0.1% to 94.10
On the other hand, on the bond market, US Treasury prices. UU declines, pushing the highest yields across the curve, the 10-year benchmark rate reaching about 2.97%, while the Fed-sensitive 2-year note approached 2.67%.
] Economic data for Thursday includes the June report on durable goods orders, which is expected to increase 3% from the previous month.
The weekly report on initial jobless claims also expired, as well as the June wholesale stocks and the Kansas City Fed manufacturing activity index for July
In addition US data. UU., The immediate attention of the foreign exchange market was on the political decision of the European Central Bank to be presented at 7:45 am ET.
Since the ECB is widely expected to keep the policy on hold, investors will consider President Mario Draghi's comments on any reference to the pace of policy normalization.
The euro was slightly lower against the dollar at 1.1710 (EUR / USD).
Wall Street futures tended to decline
SUMMARY OF THE MARKET
[219207] [1911090] PETROLEUM
Brent crude prices rose on Thursday after Saudi Arabia suspended oil shipments across a strait of the Red Sea in response to an attack on two of the country's tankers.
Brent futures rose 59 cents to $ 74.52 per barrel at 1008 GMT, extending their recovery to a third day, but falling by up to 10 days to
. West Texas Intermediate (WTI) crude futures rose 6 cents to $ 69.36, close to Wednesday's close.
Saudi Arabia, the world's largest oil exporter, said Thursday. that he "temporarily paralyzed" oil shipments across the Bab al-Mandeb sea route on the Red Sea after an attack of the Hutu movement aligned with Iran
(The Wall Street Journal, Finviz , Investing, Markets Insider). 20 minutes, Business Recorder, The Globe and Mail, Analitik Values).
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