Chip Shortages, Jobless Claims, ECB, Musk Lifts Bitcoin - What's Moving Markets

23 Tháng Bảy 2021
Chip Shortages, Jobless Claims, ECB, Musk Lifts Bitcoin  - What's Moving Markets © Reuters.

By Geoffrey Smith

Investing.com -- Intel (NASDAQ:INTC) reports earnings against a backdrop of mounting speculation that the global chip shortage may be peaking.  Jobless claims and existing home sales shed light on the economy's momentum, while the European Central Bank is expected to take a more aggressive approach to generating inflation as it starts implementing its new strategy. Earnings continue apace elsewhere with updates from AT&T (NYSE:T), Biogen (NASDAQ:BIIB) and Abbott Labs among many others. Bitcoin touched its highest in a week after Elon Musk again switched his opinion on it. Here's what you need to know in financial markets on Thursday, 22nd July. 

1. Intel eyed after Texas Instruments casts doubt on chip sector outlook

Intel will report quarterly earnings after the close, against a backdrop of mounting suspicion that the global chip shortage, which has scarred many manufacturers’ quarterly reports, may be about to start easing.

Texas Instruments (NASDAQ:TXN) management on Wednesday conspicuously guided for revenue in the current quarter well below consensus forecasts and analysts on an earnings call were concerned by the conservatism of its outlook. It’s only a week since Taiwan Semiconductor Manufacturing had said it expects chip shortages to ease significantly in the second half of the year. Texas Instruments stock fell 4% in premarket.

For now, though, such shortages continue to hurt. Toyota (NYSE:TM) became the latest automotive company to announce fresh production stoppages due to component shortages from southeast Asia

2. Jobless claims and existing homes sales

U.S. jobless claims are expected to have ground a little lower last week, despite signs that the U.S.’s economic momentum may be slowing due to the renewed spread of Covid-19. Initial jobless claims, due at 8:30 AM ET (1230 GMT), are seen at 350,000, down only 10,000 from last week’s figure.

Of more importance may be the overall number of people claiming some sort of government dole, which fell below 14 million for the first time in over a year last week. The broader figure will be scanned for evidence that the withdrawal of enhanced unemployment benefits by some states is succeeding in bringing people back into the labor market.

At 10 AM ET, existing home sales may add further evidence that the housing market is cooling due to higher prices and borrowing costs. Homebuilder DR Horton (NYSE:DHI)’s guidance and earnings will round out the picture further.

The Kansas City Federal Reserve’s regional manufacturing survey is due at 11 AM ET.

3. Stocks set to grind higher as earnings continue to impress

U.S. stocks are set to open higher later on continued optimism generated by what has largely been a strong earnings season – albeit one helped by extremely weak year-earlier comparisons.

By 6:15 AM ET, Dow Jones futures were up 74 points, or 0.2%, while S&P 500 futures were up 0.2% and Nasdaq 100 futures were up 0.1%.

Abbott Laboratories (NYSE:ABT), Biogen and Danaher (NYSE:DHR) lead the early roster of earnings releases and come after some extremely strong numbers from elsewhere in the healthcare and medical goods sector. AT&T's (NYSE:T) breakout of HBO numbers will add context to Netflix’s disappointing subscriber data earlier this week, while Dow will shine a light on cyclical stocks’ momentum.

4. ECB to give new guidance as dollar pressures EMFX

The European Central Bank is expected to shift to a more dovish forward guidance at its regular policy meeting, after adopting a new inflation strategy last week that allows it a slightly higher tolerance of inflation. Whether it can meet a target higher than the one it’s undershot for the last 10 years is another question. President Christine Lagarde's press conference begins at 8:30 AM ET (1230 GMT).

Central banks elsewhere are also busy. Bank Indonesia declined to cut its key rates, despite having cut its growth forecasts earlier in the week due to spiraling Covid-19 cases. Ukraine’s National Bank, at embroiled in one of its periodic wars with the government over political interference, is also expected to keep rates unchanged at 7 AM ET.

Emerging market central banks around the world are coming under pressure to tighten monetary policy as the dollar’s recent strength puts pressure on their currencies.

5. Bitcoin hits 1-week high after Musk's latest boost

Bitcoin rose to its highest in a week after Elon Musk told a panel discussion that Tesla (NASDAQ:TSLA) will “most likely” start accepting it as payment again.

Musk’s latest flip-flop come some weeks after he suspended plans to allow customers to pay in Bitcoin amid criticism of the cryptocurrency’s carbon footprint.

By 6:15 AM ET, Bitcoin was off its overnight highs at $31,879, but still up 1.5% on the day. Other crypto assets, which sold off sharply in the risk-off move that spilled into the start of this week, were also higher, with Ethereum gaining 4.7% and DogeCoin 2.3%.

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31-07-2021 19:51:42 (UTC+7)

EUR/USD

1.1871

-0.0015 (-0.13%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (7)

EUR/USD

1.1871

-0.0015 (-0.13%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (7)

GBP/USD

1.3902

-0.0059 (-0.42%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (8)

USD/JPY

109.72

+0.26 (+0.24%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (7)

Sell (1)

AUD/USD

0.7345

-0.0050 (-0.68%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (6)

USD/CAD

1.2472

+0.0028 (+0.23%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (1)

EUR/JPY

130.25

+0.13 (+0.10%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (3)

EUR/CHF

1.0751

-0.0021 (-0.19%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (3)

Gold Futures

1,812.30

-18.90 (-1.03%)

Summary

Neutral

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (3)

Sell (5)

Silver Futures

25.547

-0.235 (-0.91%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (2)

Copper Futures

4.4785

-0.0450 (-0.99%)

Summary

Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (5)

Sell (3)

Crude Oil WTI Futures

73.72

+0.10 (+0.14%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (4)

Sell (5)

Brent Oil Futures

75.14

+0.04 (+0.05%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (1)

Natural Gas Futures

3.915

-0.144 (-3.55%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

US Coffee C Futures

180.38

-16.12 (-8.20%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (5)

Euro Stoxx 50

4,089.30

-27.47 (-0.67%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

S&P 500

4,395.26

-23.89 (-0.54%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (2)

DAX

15,544.39

-96.08 (-0.61%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

FTSE 100

7,032.30

-46.12 (-0.65%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Hang Seng

25,908.00

-335.62 (-1.28%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

2,223.25

-16.78 (-0.75%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

IBEX 35

8,675.70

-110.60 (-1.26%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

BASF SE NA O.N.

66.310

-0.535 (-0.80%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (11)

Bayer AG NA

50.36

-0.71 (-1.39%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

Allianz SE VNA O.N.

210.35

-1.30 (-0.61%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (9)

Adidas AG

306.85

-1.92 (-0.62%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (0)

Sell (10)

Deutsche Lufthansa AG

9.548

-0.332 (-3.36%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (3)

Siemens AG Class N

131.82

-1.24 (-0.93%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (10)

Deutsche Bank AG

10.685

-0.170 (-1.57%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (5)

 EUR/USD1.1871↑ Sell
 GBP/USD1.3902Sell
 USD/JPY109.72↑ Buy
 AUD/USD0.7345Neutral
 USD/CAD1.2472↑ Buy
 EUR/JPY130.25↑ Buy
 EUR/CHF1.0751↑ Buy
 Gold1,812.30Neutral
 Silver25.547↑ Buy
 Copper4.4785Buy
 Crude Oil WTI73.72↑ Sell
 Brent Oil75.14↑ Buy
 Natural Gas3.915↑ Sell
 US Coffee C180.38Neutral
 Euro Stoxx 504,089.30↑ Sell
 S&P 5004,395.26Buy
 DAX15,544.39↑ Sell
 FTSE 1007,032.30↑ Sell
 Hang Seng25,908.00↑ Buy
 Small Cap 20002,223.25↑ Buy
 IBEX 358,675.70↑ Sell
 BASF66.310↑ Sell
 Bayer50.36↑ Sell
 Allianz210.35↑ Sell
 Adidas306.85↑ Sell
 Lufthansa9.548Buy
 Siemens AG131.82↑ Sell
 Deutsche Bank AG10.685Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,660/ 5,720
(0/ 0) # 643
SJC HCM5,655/ 5,725
(-15/ -15) # 688
SJC Hanoi5,655/ 5,727
(-15/ -15) # 690
SJC Danang5,655/ 5,727
(-15/ -15) # 690
SJC Nhatrang5,655/ 5,727
(-15/ -15) # 690
SJC Cantho5,655/ 5,727
(-15/ -15) # 690
Cập nhật 31-07-2021 19:51:44
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,813.62-16.91-0.92%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-IV2178022210
RON 95-II,III2168022110
E5 RON 92-II2049020890
DO 0.05S1637016690
DO 0,001S-V1672017050
Dầu hỏa1539015690
ↂ Giá dầu thô thế giới
WTI$73.40+0.280.38%
Brent$75.06+0.020.03%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.820,0023.050,00
EUR26.579,9627.963,10
GBP31.210,5432.514,30
JPY204,45215,17
KRW17,3221,09
Cập nhật lúc 18:51:26 31/07/2021
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