Here are the most important news items investors need to start their trading day:
1. Slow start of the second half
Stock futures were mixed on Monday morning, after major US indexes started the second half of the year with losses. Two key inflation measures — the consumer price index on Wednesday and the producer price index on Thursday — will help shape the Federal Reserve’s interest rate decisions going forward. The central bank’s policymaking council meets later this month, after it decided against the price increase in June after 10 consecutive increments. Investors will also watch the beginning of important second-quarter earnings reports later this week. Follow live market updates here.
2. Yellen returned from China
Finance Minister Janet Yellen give back from a four-day trip to China believes that Washington and Beijing can better communicate amid the simmering economic conflict. She called her 10 hours meeting with Chinese officials in two days “direct, substantive and effective.” Chinese Vice Premier He Lifeng also called the talks “constructive”, adding that Chinese officials “expressed concern about the sanctions and restrictions imposed by the US”. for China”, according to the government announcement. Officials of the world’s two largest economies discuss recent restrictions both countries bring key export itemsnational security and climate change, among other issues.
3. Kings and Contradictions on Biden’s Agenda
As one Biden high-risk management tour ends, another begins. The President met with UK Prime Minister Rishi Sunak on Monday morning. The leaders have established a close relationship as the US and UK play a key role in providing arms and financial support to Ukraine in the defense sector. against Russian aggression. Biden will also meet King Charles III for the first time since the king’s coronation and the two will host an event about fighting climate change. Biden will then take off to the NATO Summit in Vilnius, Lithuania, where he will likely have to the answer to his controversial decision supply cluster bombs to Ukraine.
4. Enter income
Investors who missed earnings season will only have to wait a few more days for second-quarter results to be released in earnest. Banking giants JPMorgan Chase, Wells Fargo and Citigroup will give clues to the health of an industry Still struggling with cause and effect of the three regional banks that failed this year. Pepsico earnings will provide a look at how consumers and companies are dealing with rising inflation around the world. Delta’s results will show whether travelers are still spending money on high-priced flights.
5. Subscription topics increased
More than 70 million people signed up for Meta’s Twitter rival Thread within two days of its launch, CEO Mark Zuckerberg said Friday. Membership groups may have only grown more in recent days. Meta has a built-in advantage as it expands the network: users can sign up with their own controller from the company’s Instagram platform. Twitter soon sensed the threat. Within a day of launching Theme, social platform accused Meta of stealing trade secrets.
– Brian Evans, Ashley Capoot, Clement Tan and Lauren Feiner of CNBC contributed to this report.
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