Morning Briefing: Microsoft to buy cybersecurity firm RiskIQ
By Chloe
Hey moomooers! Here are things you need to know before the opening bell:
- US stock futures edge down with bank earnings on tap
- Fed's Williams says he doesn't yet see case to slow Fed bong buying
Market snapshot
U.S. stock futures were mixed early Tuesday morning after the Dow Jones Industrial Average rose Monday to almost 35,000 ahead of the second-quarter earnings season for banks, which kick off later in the day.
The Dow Jones Industrial Average futures fell just 34 points. S&P 500 futures were roughly unchanged and Nasdaq 100 futures traded in mildly positive territory.
Crypto
$Bitcoin(BTC.CC)$, the leading cryptocurrency, was trading at $33,170 at the time of writing, rising 0.95% and$Ethereum(ETH.CC)$ was trading at $2,029.56, dipping 0.02%.
Top news
U.S. stock futures edge down with bank earnings on tap
U.S. stock futures ticked lower ahead of the first major earnings reports of the season, with results due from Goldman Sachs and JPMorgan Chase before the opening bell.
OPEC+ uncertainty, virus variant worries linger in the oil market, IEA says
The recent failure of OPEC and its allies to agree on a plan to ease production cuts in August means oil-market investors face the contradictory worries of both undersupply and oversupply, the International Energy Agency said.
China's export engine accelerates, defying expectations
China's imports and exports posted stronger-than-expected growth in June as global demand for Chinese goods remained solid and sporadic Covid-19 outbreaks in the country's biggest export hub didn't hit outbound shipments as much as expected.
BOE calls for banks to support recovery, backs removal of dividend limits
The Bank of England said U.K. banks must continue to support households and businesses as the economy recovers from the Covid-19 pandemic and backed the removal of limits on dividend payouts.
Democrats hone price tag for climate and antipoverty package
After a weekend of discussions, lawmakers hadn't yet settled on an overall price, although some aides expected them to begin a discussion on a package roughly $3 trillion to $4 trillion in size.
Fed's Williams says he doesn't yet see case to slow Fed bond buying
In a largely technical speech that didn't comment on near-term economic or monetary policy issues, Mr. Williams instead addressed concerns over what is called average inflation targeting, the new system adopted by the central bank almost a year ago.
The deal would add to Microsoft's portfolio of security services amid a rise in high-profile online attacks.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Nick Ngou : Hmmmm
JK Tan :
Rebel SkyWalker : got more Q's than A's about this
Zuhaili Arof : noted
David W Clark : Biggest take away here for me and biggest concern is to read that democrat party members are looking for ANOTHER BIG GOVT SPEEDING BILL which is NOT needed and A COMPLETE WASTE OF MORE TAX PAYERS MONEY. This may be a good reason to support buying more crypto currency as they aren't reliant on any govt to back their value.
investar : market trend looks uncertain
AlvinTan20 : Hi
Jet Bomb investar : coz we're headed for a down trend all these big positions are moving/shifting into the safe bets mode coz we're going to finally crash
Timevestor : Please like and comment.
investar Jet Bomb : not sure why the market is so strong at this type of valuations
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