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7 August 2020
  • 19:01

    DJIA -0.27% 27,312.87 -74.11 Nasdaq -1.34% 10,959.48 -148.60 S&P -0.37% 3,336.83 -12.33

  • 13:43

    Share prices will soar when a precise date for a COVID-19 vaccine is known - Natixis

    FXStreet notes that uncertainty related to health, economic and political issues is still very high, and yet stock market indices have already recovered sharply. It is clear that this is explained by the abundant liquidity created by central banks and the long-term real interest rates. When uncertainty declines, then these same monetary conditions will lead to a surge in share prices, according to analysts at Natixis.

    “Currently, uncertainty regarding the health situation is still very high as the Covid-19 virus continues to spread. Political uncertainty is also high due to tensions between the United States and China, new protectionist threats and the US presidential election. Yet the equity market has already recovered sharply, and PERs are already well above pre-COVID crisis levels.”

    “The role of the highly expansionary monetary policy conducted in OECD countries is well known: thanks to the surge in the money supply, part of the money held is invested in equities; monetary policy is shifting to yield curve control and control of long-term interest rates, which has led to expectations of a long period of negative real long-term interest rates. The excess money supply and negative real long-term interest rates are driving up share prices and equity valuation.” 

    “Once uncertainty declines (precise date known for a COVID vaccine, visibility on 2021-2022 growth, etc.), share prices will soar due to massive investment of the liquidity in equities and negative real long-term interest rates.”

  • 13:35

    U.S. Stocks open: Dow -0.32%, Nasdaq -0.20%, S&P -0.24%

  • 13:29

    Before the bell: S&P futures -0.33%, NASDAQ futures -0.44%

    U.S. stock-index futures fell on Friday, as stronger-than-forecast U.S. July jobs data were not enough to outweigh concerns over a new round of tensions between the U.S. and China, ignited by Trump’s ban on TikTok and WeChat.


    Global Stocks:

    Index/commodity

    Last

    Today's Change, points

    Today's Change, %

    Nikkei

    22,329.94

    -88.21

    -0.39%

    Hang Seng

    24,531.62

    -398.96

    -1.60%

    Shanghai

    3,354.04

    -32.43

    -0.96%

    S&P/ASX

    6,004.80

    -37.40

    -0.62%

    FTSE

    6,027.96

    +1.02

    +0.02%

    CAC

    4,877.38

    -7.75

    -0.16%

    DAX

    12,631.32

    +39.64

    +0.31%

    Crude oil

    $41.81


    -0.33%

    Gold

    $2,074.10


    +0.23%

  • 12:55

    Wall Street. Stocks before the bell

    (company / ticker / price / change ($/%) / volume)


    ALTRIA GROUP INC.

    MO

    41.51

    -0.04(-0.10%)

    5638

    Amazon.com Inc., NASDAQ

    AMZN

    3,215.15

    -9.85(-0.31%)

    37160

    American Express Co

    AXP

    95.25

    -0.67(-0.70%)

    5107

    AMERICAN INTERNATIONAL GROUP

    AIG

    29.45

    0.13(0.44%)

    9176

    Apple Inc.

    AAPL

    453.65

    -1.14(-0.25%)

    882647

    AT&T Inc

    T

    29.8

    -0.04(-0.13%)

    36630

    Boeing Co

    BA

    172

    -0.20(-0.12%)

    93792

    Caterpillar Inc

    CAT

    133.92

    -0.47(-0.35%)

    3980

    Chevron Corp

    CVX

    87.1

    -0.37(-0.42%)

    12244

    Cisco Systems Inc

    CSCO

    47.36

    -0.41(-0.86%)

    24167

    Citigroup Inc., NYSE

    C

    50.99

    0.10(0.20%)

    46259

    E. I. du Pont de Nemours and Co

    DD

    54.98

    0.27(0.49%)

    4351

    Exxon Mobil Corp

    XOM

    43.55

    -0.09(-0.21%)

    39105

    Facebook, Inc.

    FB

    263.87

    -1.41(-0.53%)

    221722

    FedEx Corporation, NYSE

    FDX

    172.25

    0.01(0.01%)

    2876

    Ford Motor Co.

    F

    6.91

    -0.02(-0.29%)

    127145

    Freeport-McMoRan Copper & Gold Inc., NYSE

    FCX

    14.44

    -0.12(-0.82%)

    49113

    General Electric Co

    GE

    6.29

    -0.04(-0.63%)

    369867

    General Motors Company, NYSE

    GM

    26.65

    0.03(0.11%)

    31017

    Goldman Sachs

    GS

    203.49

    -0.76(-0.37%)

    5827

    Hewlett-Packard Co.

    HPQ

    18.3

    0.03(0.16%)

    28583

    Home Depot Inc

    HD

    270

    0.63(0.23%)

    3933

    HONEYWELL INTERNATIONAL INC.

    HON

    153

    0.42(0.28%)

    2958

    Intel Corp

    INTC

    48.46

    -0.11(-0.23%)

    143180

    International Business Machines Co...

    IBM

    124.2

    -0.29(-0.23%)

    11390

    International Paper Company

    IP

    34.64

    -0.63(-1.79%)

    25567

    Johnson & Johnson

    JNJ

    147.79

    0.24(0.16%)

    8336

    JPMorgan Chase and Co

    JPM

    97.27

    0.03(0.03%)

    57150

    McDonald's Corp

    MCD

    203.17

    -0.01(-0.00%)

    2051

    Microsoft Corp

    MSFT

    215.3

    -1.05(-0.49%)

    203196

    Nike

    NKE

    100.24

    -0.21(-0.21%)

    5925

    Pfizer Inc

    PFE

    38.48

    0.21(0.55%)

    182181

    Procter & Gamble Co

    PG

    132.12

    -0.59(-0.44%)

    2639

    Starbucks Corporation, NASDAQ

    SBUX

    75.59

    -0.07(-0.09%)

    6563

    Tesla Motors, Inc., NASDAQ

    TSLA

    1,501.55

    11.97(0.80%)

    71725

    The Coca-Cola Co

    KO

    47.41

    -0.07(-0.15%)

    8779

    Travelers Companies Inc

    TRV

    114.02

    0.28(0.25%)

    810

    Twitter, Inc., NYSE

    TWTR

    37.6

    -0.09(-0.24%)

    19993

    UnitedHealth Group Inc

    UNH

    312.72

    -1.34(-0.43%)

    842

    Verizon Communications Inc

    VZ

    57.76

    -0.07(-0.12%)

    5603

    Visa

    V

    198.58

    -0.19(-0.10%)

    12392

    Wal-Mart Stores Inc

    WMT

    129.58

    0.23(0.18%)

    9597

    Walt Disney Co

    DIS

    130.4

    -0.42(-0.32%)

    68306

    Yandex N.V., NASDAQ

    YNDX

    59.93

    -0.07(-0.12%)

    1217

  • 12:15

    S&P 500: Door open to challenge the 3394 record high - Credit Suisse

    FXStreet reports that the S&P 500 has broken with ease through the top of the February “pandemic” price gap at 3328/38 and analysts at Credit Suisse look for this to clear the way for a challenge on the 3394 record high.

    “S&P 500 strength has extended through our next flagged resistance/’objective’ and to be honest, what we had expected to be tougher initial resistance at the top of the February price gap at 3328/38.”

    “Whilst we remain concerned the trend is getting overstretched this suggests we can see strength extend further yet with resistance seen next at 3373 and then and critically the 3394 record high, where we would expect to see at least some form of rejection, even if this proves only to be a brief pullback.”

    “Support at 3318/17 needs to hold to keep the immediate risk higher. A break can see a deeper setback to 3307, then what we would look to be a better support from its 13-day average and lows from the beginning of the week at 3286/71.”


  • 10:11

    Company News: Uber (UBER) reports bigger-than-expected quarterly loss

    Uber (UBER) reported Q2 FY 2020 loss of $1.02 per share (versus -$4.72 per share in Q2 FY 2019), worse than analysts’ consensus estimate of -$0.88 per share.

    The company’s quarterly revenues amounted to $2.241 bln (-29.2% y/y), beating analysts’ consensus estimate of $2.181 bln.

    UBER fell to $33.28 (-4.12%) in pre-market trading.

  • 00:30

    Stocks. Daily history for Thursday, August 6, 2020

    Index Change, points Closed Change, %
    NIKKEI 225 -96.7 22418.15 -0.43
    Hang Seng -171.96 24930.58 -0.69
    KOSPI 30.75 2342.61 1.33
    ASX 200 40.9 6042.2 0.68
    FTSE 100 -77.78 6026.94 -1.27
    DAX -68.57 12591.68 -0.54
    CAC 40 -48.21 4885.13 -0.98
    Dow Jones 185.46 27386.98 0.68
    S&P 500 21.39 3349.16 0.64
    NASDAQ Composite 109.67 11108.07 1
7 August 2020
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