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26 July 2022 -

Muted Markets | Walmart Downgrade

Global markets were mostly flat overnight, as US markets (S&P 500 Index +0.1%) edged higher, recovering from a small loss as investors brace themselves for a busy week ahead of mega-cap tech earnings, the US Fed’s interest rate decision, and second quarter US GDP data.

25 July 2022 -

Social Media Slump | Passengers up at Auckland Airport

Global markets were lower on Friday, as US (S&P 500 Index -0.9%) stocks declined amid a batch of weak corporate earnings.

22 July 2022 -

Earnings Optimism, ECB | Tesla Turning

Global markets were higher overnight, as US markets (S&P 500 Index, +1%) continued to rebound as investors assess better than expected earnings. So far 90 companies in the S&P 500 have reported earnings to date for the second quarter, and 78% reported above analyst expectations.

21 July 2022 -

Tech Recovery, Inflation | Pacific Edge

Global markets were mixed overnight, as US markets (S&P 500 Index +0.6%) recovered for a third-day in a row as earnings so far have held up better than many had feared.

20 July 2022 -

Netflix Signalling a Bottom | ANZ Acquires Suncorp

19 July 2022 -

NZ Inflation | Another TowerCo Sale – Infratil

Global markets were mixed overnight, as US markets (S&P 500 Index -0.8%) reversed earlier gains after Bloomberg reported that Apple would slow hiring and spending in some parts of its business next year in response to what are expected to be more challenging economic conditions.

18 July 2022 -

Week Ahead | Wisetech Global

Global markets were higher on Friday, as US markets (S&P 500 Index +1.9%) rose on the back of strong earnings results and upbeat retail sales data. The S&P 500 offset the previous sessions losses but the index still ended the week down -0.3%

15 July 2022 -

A Weak Start to Earnings  | Kathmandu

Global markets were lower overnight, as US markets (S&P 500 Index -0.3%) clawed back deeper loss losses following a weak start to earnings season and a hot inflation print. Fed Governor Waller supported a 75bp rate hike on 27 July — calming concerns of a possible 100 basis point interest rate hike.

13 July 2022 -

Oil Tanks | Costa Group

Global markets were mixed overnight, as US markets (S&P 500 Index -0.9%) slipped in cautious trade ahead of Wednesday’s (US-time) key US CPI (inflation) release, which is expected to be another hot print.