Marketmind: A rocky road

Wednesday, July 21, 2021
Marketmind: A rocky road © Reuters. FILE PHOTO: European Central Bank (ECB) headquarters building is seen in Frankfurt, Germany, March 7, 2018. REUTERS/Ralph Orlowski

A look at the day ahead from Karin Strohecker

Markets are still trying to find their feet after Monday's bruising selloff and now the focus is shifting to Thursday's ECB meeting in a week that's seen little data but lots of action.

Global and U.S. stocks have managed to recoup a fair chunk of the losses that were sparked by fears over spiking COVID-19 cases, as well as the "peak growth" and "peak inflation" narratives. A bright spot on Wednesday was Japanese data showing solid exports to the United States and China.

It's supporting hopes of an export-led recovery in the world's third-largest economy and allowed Japanese shares to snap a five-day losing streak with a 0.6% gain.

But the market recovery overall looks wobbly. Asian shares have stumbled while European and U.S. futures are treading water.

The bounceback is complicated by more virus outbreaks from Singapore to Sydney, reminding markets that the road to full post-pandemic recovery will be rocky.

That's keeping oil prices close to Monday's troughs, hit after a 7% tumble, while safe-haven assets such as the dollar, Treasuries and yen are holding firm. The U.S. borrowing costs have risen to 1.2% but they are not far above Tuesday's five-month lows.

The focus is now firmly on tomorrow's ECB meeting. Expected until recently to be a quiet summer gathering, it's shaping up to be a key event after the release of its strategy review put the prospect of more stimulus firmly on the agenda.

Finally, a busy day for earnings: car maker Daimler AG (DE:DAIGn) warned chip shortages will dent car sales, while on the other side of the coin, semiconductor supplier ASML reported a Q2 net profit jump of 38% on strong demand for computer chips.

Expect too a London IPO from Bridgepoint with an initial $3.92 billion valuation.

Key developments that should provide more direction to markets on Wednesday:

-Central Bank speakers: BOE’s Victoria Saporta

-Auctions: U.S. 20-year bonds

-U.S. initial jobless claims

-U.S. Earnings: Verizon (NYSE:VZ), Harley Davidson, Coca-Cola (NYSE:KO), Nasdaq, Johnson & Johnson (NYSE:JNJ), Northern Trust (NASDAQ:NTRS), Microsoft (NASDAQ:MSFT), Kinder Morgan (NYSE:KMI), Whirlpool (NYSE:WHR), Texas Instruments (NASDAQ:TXN), Tesla (NASDAQ:TSLA)

-European earnings: Novartis, Nordea, Iberdrola (OTC:IBDRY), Bankinter, SAP, Stora Enso (OTC:SEOAY), Akso Nobel, Julius Baer, ASML, Telia, Daimler (OTC:DDAIF)

-Bitcoin recovers after slumping below $30,000. Tesla boss Elon Musk, Twitter's Jack Dorsey and investor Cathie Wood will speak at a cryptocurrency conference".

Graphic: Long U.S. dollar bets rise to highest since June 2020 - https://fingfx.thomsonreuters.com/gfx/mkt/gdpzyrrbxvw/Pasted%20image%201626783771326.png

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27-07-2021 19:50:51 (UTC+7)

EUR/USD

1.1815

+0.0015 (+0.13%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (5)

EUR/USD

1.1815

+0.0015 (+0.13%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (3)

Sell (5)

GBP/USD

1.3819

+0.0003 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (3)

USD/JPY

110.01

-0.33 (-0.30%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (10)

AUD/USD

0.7372

-0.0008 (-0.10%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

USD/CAD

1.2558

+0.0019 (+0.15%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (5)

EUR/JPY

129.97

-0.22 (-0.17%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (0)

Sell (6)

EUR/CHF

1.0809

+0.0002 (+0.02%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (4)

Gold Futures

1,804.40

+5.20 (+0.29%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (2)

Silver Futures

25.183

-0.135 (-0.53%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (9)

Copper Futures

4.5785

-0.0065 (-0.14%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Crude Oil WTI Futures

71.92

+0.01 (+0.01%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (3)

Brent Oil Futures

73.80

+0.10 (+0.14%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (3)

Natural Gas Futures

4.008

-0.074 (-1.81%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

US Coffee C Futures

203.95

-3.85 (-1.85%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (6)

Sell (2)

Euro Stoxx 50

4,081.69

-20.90 (-0.51%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (1)

S&P 500

4,422.30

+10.51 (+0.24%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

DAX

15,551.70

-67.28 (-0.43%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

FTSE 100

6,998.25

-27.18 (-0.39%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

Hang Seng

25,060.87

-1159.13 (-4.42%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (0)

US Small Cap 2000

2,216.03

+6.38 (+0.29%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

IBEX 35

8,675.00

-100.20 (-1.14%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (6)

Sell (1)

BASF SE NA O.N.

66.940

-0.600 (-0.89%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (1)

Bayer AG NA

50.48

-0.92 (-1.79%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (1)

Allianz SE VNA O.N.

209.45

-1.45 (-0.69%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (6)

Adidas AG

311.38

-0.57 (-0.18%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (5)

Sell (1)

Deutsche Lufthansa AG

9.943

+0.096 (+0.97%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (7)

Siemens AG Class N

132.98

-1.58 (-1.17%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (3)

Deutsche Bank AG

10.530

-0.130 (-1.22%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (9)

Sell (1)

 EUR/USD1.1815Neutral
 GBP/USD1.3819↑ Buy
 USD/JPY110.01↑ Sell
 AUD/USD0.7372↑ Buy
 USD/CAD1.2558Sell
 EUR/JPY129.97Neutral
 EUR/CHF1.0809↑ Sell
 Gold1,804.40↑ Buy
 Silver25.183↑ Sell
 Copper4.5785↑ Buy
 Crude Oil WTI71.92Buy
 Brent Oil73.80Sell
 Natural Gas4.008↑ Sell
 US Coffee C203.95Neutral
 Euro Stoxx 504,081.69Buy
 S&P 5004,422.30↑ Buy
 DAX15,551.70↑ Buy
 FTSE 1006,998.25↑ Buy
 Hang Seng25,060.87↑ Buy
 Small Cap 20002,216.03↑ Buy
 IBEX 358,675.00↑ Buy
 BASF66.940Buy
 Bayer50.48Buy
 Allianz209.45↑ Sell
 Adidas311.38Neutral
 Lufthansa9.943↑ Sell
 Siemens AG132.98Neutral
 Deutsche Bank AG10.530↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,660/ 5,715
(-5/ -5) # 712
SJC HCM5,660/ 5,730
(-20/ -15) # 728
SJC Hanoi5,660/ 5,732
(-20/ -15) # 730
SJC Danang5,660/ 5,732
(-20/ -15) # 730
SJC Nhatrang5,660/ 5,732
(-20/ -15) # 730
SJC Cantho5,660/ 5,732
(-20/ -15) # 730
Cập nhật 27-07-2021 19:50:53
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ↀ Giá vàng thế giới
$1,804.59+6.660.37%
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$71.76+0.330.46%
Brent$73.80+0.931.24%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD22.880,0023.110,00
EUR26.476,7927.854,49
GBP31.000,6032.295,52
JPY203,52214,19
KRW17,3221,08
Cập nhật lúc 18:50:40 27/07/2021
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