Morning Briefing: Will interest rates rise? Watch for the Fed Meeting decision.
Hey, moomooers! Here are things you need to know before the opening bell:
- U.S. stock index futures fell during early morning trading on Wednesday after the major averages pulled back from record highs, snapping a five-day winning streak.
-The busiest week of earnings continues on Wednesday with Shopify, Facebook, Pfizer, McDonald’s, Qualcomm, Ford, and PayPal among the names on deck.
Market snapshot
U.S. stock index futures fell during early morning trading on Wednesday after the major averages pulled back from record highs, snapping a five-day winning streak.
Futures contracts tied to the Dow Jones Industrial Average fell 113 points. S&P 500 futures and Nasdaq 100 futures also traded in negative territory.
Source: Bloomberg
Crypto
$Bitcoin (BTC.CC)$ traded 3.54% higher at $39,682.10 at 5:00 AM EDT.
$Ethereum (ETH.CC)$ traded 1.38% higher at $2,296.73 at 5:00 AM EDT.
$Dogecoin (DOGE.CC)$ was up 2.77% at $0.21 at 5:00 AM EDT.
Source: moomoo
Top news
$Deutsche Bank (DB.US)$ Posts Surge in Profit but Faces Headwinds
The Frankfurt-based bank reported a drop in revenue in the second quarter as booming client activity during the pandemic slowed down.
$BARCLAYS PLC (BCLYF.US)$ Profit Soars on Investment Banking
The London-based bank earned $2.92 billion in the three months to the end of June, driven by a strong performance in its investment bank.
$Rio Tinto (RIO.US)$ Net Profit Jumps on Boom in Commodity Prices
Rio Tinto reported a record first-half net profit and more than tripled its midyear payout to shareholders, benefiting from a bull run in commodity prices that has stoked inflation expectations around the world.
$Apple (AAPL.US)$ Profit Sets Record on Strong iPhone Sales
The device maker posted the biggest spring-quarter profit in its 45-year history, leading a streak of record-setting earnings for technology companies even as the pandemic continues to weigh on the global economy.
$Credit Suisse (CS.US)$ Expected to Publish Details of Archegos Failures
The report could come as soon as Thursday and is likely to focus on the bank's risk management unit, human errors in judgment and unheeded risk in concentrated positions.
$BASF SE (BASFY.US)$ Swings to Profit
BASF said that it swung to a net profit of EUR1.65 billion for the second quarter and confirmed sales figures and a raised outlook it provided during preliminary results.
Ride-Sharing Startup Swvl Nearing Deal to Go Public With Female-Led SPAC
Dubai-based Swvl plans to merge with Queen's Gambit Growth Capital in a deal that values the company at roughly $1.5 billion.
Spark Infrastructure Gets Higher Offer From KKR Consortium
Spark Infrastructure Group said it would allow KKR & Co. Inc. and the Ontario Teachers' Pension Plan Board to conduct due diligence after they raised a takeover proposal to $3.81 billion.
Earnings & key events this week
A host of mega-cap tech names reported quarterly results on Tuesday after the market closed, including Apple, $Microsoft (MSFT.US)$, and Google-parent $Alphabet-A (GOOGL.US)$.
The busiest week of earnings continues on Wednesday with Pfizer, McDonald’s, Qualcomm, $Shopify (SHOP.US)$, $Meta Platforms (FB.US)$, Ford, and PayPal among the names on deck.
Facebook reports earnings on Wednesday. What To Know?
Earnings Preview: Analysts expect Shopify's revenue to increase 45.59%
Facebook reports earnings on Wednesday. What To Know?
Earnings Preview: Analysts expect Shopify's revenue to increase 45.59%
As the Federal Open Market Committee begins its two-day policy meeting Tuesday, it confronts dual situations that call for diametrically opposite policy reactions.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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股市追击Sniper : interest rates sure rise in just a time matter
kenlee81 : It’s just a matter of time. Only when is the question and how to take advantage of it.
102056326 : ok
cooby : ok
cutieinvestie : nice
102124528 : Brilliant!!
kaysimona : Ok
102695295 : Ok
Randal Lee : ok
Miya Wong : Moomoo rocks!