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23 Jul 《International Market Focus》 expects the performance of technology stocks to improve, US stocks rise

US: Goldman Sachs expects the performance of technology stocks to improve. Lido news led Apple and other technology stocks to outperform the market, and US stocks closed higher. The US stock market Dow Jones index rose 17.70 points, or 0.07%, to close at 27,171.90 points. The Nasdaq index rose 57.65 points, or 0.71%, to close at 8,204.14 points. The S&P 500 index rose 8.42 points, or 0.28%, to close at 2,985.03 points.

US: US Treasury Secretary Menuchin and White House economic adviser Kudlow will hold a meeting with US technology giants to discuss the issue of Huawei´s ban. After the meeting, the White House issued a statement saying that US President Trump visited the meeting and agreed to the requirements of these companies. .

UK: British Chancellor of the Exchequer Philip Hammond said that if Boris Johnson became the new prime minister of the UK, he would resign because he could not support a leader who would let Britain leave without a deal.

Europe: Investors digested the corporate earnings report, European stock markets closed higher on Monday. The pan-European Stoxx 600 index closed 0.49 points or 0.13% higher at 387.74.

Southeast Asia: US-China trade talks have stagnated, Southeast Asian stock markets fell mostly, Singapore stocks fell 0.69%, and the Philippines stock market fell 0.28%.

Commodities: As investors saw Iran’s hijacking of British tankers last weekend, the situation in the Persian Gulf has become increasingly complex and the British leadership is facing changes. WTI crude oil futures for August delivery rose 59 cents, or 1.1%, to close at $56.22 a barrel.

Commodities: Iran detains a tanker with the British flag, the international political situation is worried, and the world´s major central banks may relax monetary policy and provide precious metal support. Gold rose 20 cents, or nearly 0.1%, to close at $1,426.90 an ounce. .

Currency: Due to waiting for this week´s European and next week´s US interest rate currency meeting decision. After the shock of the US dollar index, the final price rose slightly by 0.144% to 97.29, standing on the support of the 200-day line.

 

Information contained herein is based on data obtained from recognized statistical services, issuer reports or communications, or other sources believed to be reliable. However, we do not verify such information. We do not guarantee its accuracy or completeness, nor do we take responsibility for any loss occasioned by reliance placed upon the contents hereof. Any statements nonfactual in nature constitute only current opinions, which are subject to change.  PC Securities Ltd (or one of its affiliates) or their officers, directors, analysts, or employees may have positions in securities or commodities referred to herein, and may, as principal or agent, buy and sell such securities or commodities.  Neither the information nor opinion expressed in this report shall constitute a solicitation to buy or sell any securities.

 

2019-07-23   Back