Earnings results were once again strong in Europe overnight, with reporting companies generally gaining. Weak economic data has stocks trading higher as markets assume it means larger amounts of ECB easing, while this morning’s US earnings numbers are more mixed than we’ve seen lately. The mixed earnings in the US and news after the close yesterday of a DoJ investigation into the large technology companies have futures in the US indicating a moderate decline at the open. Rates are down, commodities are mixed, and credit is green.
Read today’s Morning Lineup to get caught up on news and stock-specific events ahead of the trading day including a discussion of earnings results from the US and Europe overnight and the latest Manufacturing PMI for July. You may want to hold your nose.
Start a two-week free trial to Bespoke Premium to see today’s full Morning Lineup report. You’ll receive it in your inbox each morning an hour before the open to get your trading day started.