Good morning! Here is what you should know this morning.
Most of the Asian markets did close higher, led by Nikkei with +1.53%. The European markets also are making some marginal gains.
Australian dollar did tank over weaker economic data as well as dovish talk, so losing -1.52% as against USD. SocGen’s Kit Juckes said, “The rates market has promptly priced in a rate cut (to 2.5%) for the August 6 RBA meeting with even greater conviction than before.”
Our week that was of data all earth-titling kicked off seriously with release of May’s Case-Shiller Home Price Index at 9 am. This index now has seen that12 months of the gains, as well as according to Econoday’s consensus it is again in for another, with +1.3%. So, at 10a.m., Conference Board then releases the latest data of consumer confidence for July. This index also has seen many months of continuous gains, though is expected that it’d pull back a bit for reading of around 81.0.
The Barclays would issue $8.9bn in the new shares while it bows towards regulators for plugging a capital shortfall larger than could be expected. This bank hit fresh hurdle during June when Prudential Regulation Authority of U.K. ordered that it should increase amount of the equity that it holds as against the total assets, one measure known as leverage ratio. Bank said that it needed £12.8bn for pushing that ratio over 3%, minimum that’s required by the supervisor of U.K. bank.
The profit of Chrysler jumped 16% over strong sales of U.S., especially for the pick-ups. Though, it lowered the profit forecast of year-end to between $1.7bn as well as $2.2bn, down from the $2.2bn originally, according to WSJ’s Christina Rogers . Fiat, the parent company’s shares on the stock market of Italy were down by above -4%.
Sprint, Goodyear, Waste Management and Pfizer would all announce the earnings today.
Anthony Weiner, New York City’s mayoral candidate fell from first to fourth place — a drop of 10 points, to the 16% probable voters saying that they would be voting for him, according to a latest poll. Now Christine Quinn leads with 27%. Also, this poll said that 53% probable voters say that he must drop out.
Lately, CBS temporarily did go dark for many subscribers of Time Warner Cable last night when the 2 media companies didn’t succeed in reaching an agreement regarding retransmission fees. both the sides negotiated throughout Monday for avoiding any programming blackout.
More than two hundred prisoners escaped out of one facility in the northwestern Pakistan shortly following siege by small army which was armed. A group unit responsible for Mumbai attacks is blamed.