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Economic Times
19-07-2025
- Business
- Economic Times
Equities little changed; US yields dip as investors look to tariffs, earnings, economic data
MSCI's global equity index advanced slightly while U.S. Treasury yields dipped and Wall Street equities were barely changed on Friday as investors waited for corporate earnings and monitored the latest U.S. tariff threats while they digested a mixed economic picture. U.S. consumer sentiment improved in July and inflation expectations declined, but households still saw substantial risk of price pressures increasing, the University of Michigan's Surveys of Consumers released on Friday showed. Another report showed U.S. single-family homebuilding dropped to an 11-month low in June as high mortgage rates and economic uncertainty hindered home purchases, suggesting residential investment contracted again in the second quarter. ADVERTISEMENT On Thursday, news of stronger-than-expected U.S. retail sales and a drop in jobless claims suggested modest improvements in economic activity and helped push the S&P 500 and Nasdaq to record closing highs. On Friday, the mood dimmed after the Financial Times reported that U.S. President Donald Trump is pushing for a minimum tariff of 15% to 20% on the European Union. The report said he was unmoved by the latest EU offer to reduce car tariffs and would keep those duties at 25% as planned. "Tariff headlines this afternoon reminded investors that volatility is likely to persist through the start of August." said Lindsey Bell, chief investment strategist at 248 Ventures. "Investors may be taking some money off the table going into the weekend given lingering tariff uncertainty and a market that has a premium valuation after reaching new highs." She noted that these concerns were on display in shares of American Express and Netflix, which both fell on solid earnings reports and forecasts after reaching high valuations ahead of the results. Netflix ended down 5% while Amex fell 2.3%. Still, many investors had high hopes for upcoming earnings and made bullish bets ahead of July equity option expirations, said Bruce Zaro, managing director at Granite Wealth Management in Plymouth, Massachusetts. "Today's action is all about option expiration as investors make bets on the meat of earnings season, which comes in the next few weeks when all the growth and technology companies report," said Zaro, noting that beyond earnings, investors want to benefit from a strong performance trend in megacap names. "There's a fear of missing out." On Wall Street the Dow Jones Industrial Average fell 142.30 points, or 0.32%, to 44,342.19, the S&P 500 fell 0.57 points, or 0.01%, to 6,296.79 and the Nasdaq Composite rose 10.01 points, or 0.05%, to 20,895.66. For the week, the S&P 500 gained 0.59%, the Nasdaq rose 1.51%, and the Dow fell 0.07%. ADVERTISEMENT MSCI's gauge of stocks across the globe rose 1.18 points, or 0.13%, to 927.47, hitting a record high earlier in the day. Earlier, Europe's STOXX 600 index closed down 0.01%, and was off 0.06% for the week. In currencies, the U.S. dollar slipped against the euro but was showing a weekly gain, as investors weighed central bank policy amid signs that tariffs may be starting to fuel inflation pressures and as Trump continued to publicly criticize Fed Chair Jerome Powell. ADVERTISEMENT The euro pared some gains after a Financial Times report on a toughening U.S. stance on European import tariffs. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.05% to 98.46. The euro was last up 0.27% at $1.1626. ADVERTISEMENT Against the Japanese yen, the dollar strengthened 0.09% to 148.73 as polls showed Japanese Prime Minister Shigeru Ishiba's coalition was in danger of losing its majority in an election on Sunday. In government bonds, U.S. Treasuries prices rose, dragging their yields lower, after comments from Federal Reserve Governor Christopher Waller pushed for a rate cut later this month, while technical buying also contributed to the move higher. In contrast, most officials who have spoken publicly have indicated a desire to hold rates steady and traders are betting on a 95.3% probability that rates will stay where they are after the month-end meeting, according to CME Group's FedWatch tool. The yield on benchmark U.S. 10-year notes fell 3.9 basis points to 4.424%, from 4.463% late on Thursday while the 30-year bond yield fell 1.8 basis points to 4.9958% from 5.014%. ADVERTISEMENT The 2-year note yield, which typically moves in step with interest rate expectations for the Federal Reserve, fell 4.4 basis points to 3.873%, from 3.917% late on Thursday. In commodities, crude oil futures held steady as mixed U.S. economic news offset worries the European Union's latest sanctions against Russia for its war in Ukraine could reduce oil supplies. U.S. crude settled down 0.3%, or 20 cents at $67.34 a barrel while Brent ended at $69.28 per barrel, down 0.35% or 24 cents on the day. Gold prices rose on Friday as a weaker U.S. dollar and ongoing geopolitical and economic uncertainty boosted demand for the safe-haven metal, while platinum prices eased after reaching their highest level since 2014. Spot gold rose 0.33% to $3,349.66 an ounce.
Time of India
19-07-2025
- Business
- Time of India
Equities little changed; US yields dip as investors look to tariffs, earnings, economic data
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel MSCI's global equity index advanced slightly while U.S. Treasury yields dipped and Wall Street equities were barely changed on Friday as investors waited for corporate earnings and monitored the latest U.S. tariff threats while they digested a mixed economic picture. U.S. consumer sentiment improved in July and inflation expectations declined, but households still saw substantial risk of price pressures increasing, the University of Michigan's Surveys of Consumers released on Friday showed. Another report showed U.S. single-family homebuilding dropped to an 11-month low in June as high mortgage rates and economic uncertainty hindered home purchases, suggesting residential investment contracted again in the second Thursday, news of stronger-than-expected U.S. retail sales and a drop in jobless claims suggested modest improvements in economic activity and helped push the S&P 500 and Nasdaq to record closing highs. On Friday, the mood dimmed after the Financial Times reported that U.S. President Donald Trump is pushing for a minimum tariff of 15% to 20% on the European Union. The report said he was unmoved by the latest EU offer to reduce car tariffs and would keep those duties at 25% as planned."Tariff headlines this afternoon reminded investors that volatility is likely to persist through the start of August." said Lindsey Bell, chief investment strategist at 248 Ventures. "Investors may be taking some money off the table going into the weekend given lingering tariff uncertainty and a market that has a premium valuation after reaching new highs." She noted that these concerns were on display in shares of American Express and Netflix, which both fell on solid earnings reports and forecasts after reaching high valuations ahead of the results. Netflix ended down 5% while Amex fell 2.3%.Still, many investors had high hopes for upcoming earnings and made bullish bets ahead of July equity option expirations, said Bruce Zaro, managing director at Granite Wealth Management in Plymouth, Massachusetts."Today's action is all about option expiration as investors make bets on the meat of earnings season, which comes in the next few weeks when all the growth and technology companies report," said Zaro, noting that beyond earnings, investors want to benefit from a strong performance trend in megacap names. "There's a fear of missing out." On Wall Street the Dow Jones Industrial Average fell 142.30 points, or 0.32%, to 44,342.19, the S&P 500 fell 0.57 points, or 0.01%, to 6,296.79 and the Nasdaq Composite rose 10.01 points, or 0.05%, to 20, the week, the S&P 500 gained 0.59%, the Nasdaq rose 1.51%, and the Dow fell 0.07%.MSCI's gauge of stocks across the globe rose 1.18 points, or 0.13%, to 927.47, hitting a record high earlier in the Europe's STOXX 600 index closed down 0.01%, and was off 0.06% for the week. In currencies, the U.S. dollar slipped against the euro but was showing a weekly gain, as investors weighed central bank policy amid signs that tariffs may be starting to fuel inflation pressures and as Trump continued to publicly criticize Fed Chair Jerome euro pared some gains after a Financial Times report on a toughening U.S. stance on European import dollar index, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.05% to 98.46. The euro was last up 0.27% at $ the Japanese yen, the dollar strengthened 0.09% to 148.73 as polls showed Japanese Prime Minister Shigeru Ishiba's coalition was in danger of losing its majority in an election on Sunday. In government bonds, U.S. Treasuries prices rose, dragging their yields lower, after comments from Federal Reserve Governor Christopher Waller pushed for a rate cut later this month, while technical buying also contributed to the move higher. In contrast, most officials who have spoken publicly have indicated a desire to hold rates steady and traders are betting on a 95.3% probability that rates will stay where they are after the month-end meeting, according to CME Group's FedWatch yield on benchmark U.S. 10-year notes fell 3.9 basis points to 4.424%, from 4.463% late on Thursday while the 30-year bond yield fell 1.8 basis points to 4.9958% from 5.014%.The 2-year note yield, which typically moves in step with interest rate expectations for the Federal Reserve, fell 4.4 basis points to 3.873%, from 3.917% late on Thursday. In commodities, crude oil futures held steady as mixed U.S. economic news offset worries the European Union's latest sanctions against Russia for its war in Ukraine could reduce oil supplies. U.S. crude settled down 0.3%, or 20 cents at $67.34 a barrel while Brent ended at $69.28 per barrel, down 0.35% or 24 cents on the day. Gold prices rose on Friday as a weaker U.S. dollar and ongoing geopolitical and economic uncertainty boosted demand for the safe-haven metal, while platinum prices eased after reaching their highest level since 2014. Spot gold rose 0.33% to $3,349.66 an ounce.
Reuters
18-07-2025
- Business
- Reuters
Equities little changed; US yields dip as investors look to tariffs, earnings, economic data
NEW YORK/LONDON, July 18 (Reuters) - MSCI's global equity index advanced slightly while U.S. Treasury yields dipped and Wall Street equities were barely changed on Friday as investors waited for corporate earnings and monitored the latest U.S. tariff threats while they digested a mixed economic picture. U.S. consumer sentiment improved in July and inflation expectations declined, but households still saw substantial risk of price pressures increasing, the University of Michigan's Surveys of Consumers released on Friday showed. Another report showed U.S. single-family homebuilding dropped to an 11-month low in June as high mortgage rates and economic uncertainty hindered home purchases, suggesting residential investment contracted again in the second quarter. On Thursday, news of stronger-than-expected U.S. retail sales and a drop in jobless claims suggested modest improvements in economic activity and helped push the S&P 500 and Nasdaq to record closing highs. On Friday, the mood dimmed after the Financial Times reported that U.S. President Donald Trump is pushing for a minimum tariff of 15% to 20% on the European Union. The report said he was unmoved by the latest EU offer to reduce car tariffs and would keep those duties at 25% as planned. "Tariff headlines this afternoon reminded investors that volatility is likely to persist through the start of August." said Lindsey Bell, chief investment strategist at 248 Ventures. "Investors may be taking some money off the table going into the weekend given lingering tariff uncertainty and a market that has a premium valuation after reaching new highs." She noted that these concerns were on display in shares of American Express (AXP.N), opens new tab and Netflix (NFLX.O), opens new tab, which both fell on solid earnings reports and forecasts after reaching high valuations ahead of the results. Netflix ended down 5% while Amex fell 2.3%. Still, many investors had high hopes for upcoming earnings and made bullish bets ahead of July equity option expirations, said Bruce Zaro, managing director at Granite Wealth Management in Plymouth, Massachusetts. "Today's action is all about option expiration as investors make bets on the meat of earnings season, which comes in the next few weeks when all the growth and technology companies report," said Zaro, noting that beyond earnings, investors want to benefit from a strong performance trend in megacap names. "There's a fear of missing out." On Wall Street the Dow Jones Industrial Average (.DJI), opens new tab fell 142.30 points, or 0.32%, to 44,342.19, the S&P 500 (.SPX), opens new tab fell 0.57 points, or 0.01%, to 6,296.79 and the Nasdaq Composite (.IXIC), opens new tab rose 10.01 points, or 0.05%, to 20,895.66. For the week, the S&P 500 gained 0.59%, the Nasdaq rose 1.51%, and the Dow fell 0.07%. MSCI's gauge of stocks across the globe (.MIWD00000PUS), opens new tab rose 1.18 points, or 0.13%, to 927.47, hitting a record high earlier in the day. Earlier, Europe's STOXX 600 (.STOXX), opens new tab index closed down 0.01%, and was off 0.06% for the week. In currencies, the U.S. dollar slipped against the euro but was showing a weekly gain, as investors weighed central bank policy amid signs that tariffs may be starting to fuel inflation pressures and as Trump continued to publicly criticize Fed Chair Jerome Powell. The euro pared some gains after a Financial Times report on a toughening U.S. stance on European import tariffs. The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, fell 0.05% to 98.46. The euro was last up 0.27% at $1.1626. Against the Japanese yen , the dollar strengthened 0.09% to 148.73 as polls showed Japanese Prime Minister Shigeru Ishiba's coalition was in danger of losing its majority in an election on Sunday. In government bonds, U.S. Treasuries prices rose, dragging their yields lower, after comments from Federal Reserve Governor Christopher Waller pushed for a rate cut later this month, while technical buying also contributed to the move higher. In contrast, most officials who have spoken publicly have indicated a desire to hold rates steady and traders are betting on a 95.3% probability that rates will stay where they are after the month-end meeting, according to CME Group's FedWatch, opens new tab tool. The yield on benchmark U.S. 10-year notes fell 3.9 basis points to 4.424%, from 4.463% late on Thursday while the 30-year bond yield fell 1.8 basis points to 4.9958% from 5.014%. The 2-year note yield, which typically moves in step with interest rate expectations for the Federal Reserve, fell 4.4 basis points to 3.873%, from 3.917% late on Thursday. In commodities, crude oil futures held steady as mixed U.S. economic news offset worries the European Union's latest for its war in Ukraine could reduce oil supplies. U.S. crude settled down 0.3%, or 20 cents at $67.34 a barrel while Brent ended at $69.28 per barrel, down 0.35% or 24 cents on the day. Gold prices rose on Friday as a weaker U.S. dollar and ongoing geopolitical and economic uncertainty boosted demand for the safe-haven metal, while platinum prices eased after reaching their highest level since 2014. Spot gold rose 0.33% to $3,349.66 an ounce.
Reuters
18-07-2025
- Business
- Reuters
Equities edge down, US dollar dips with tariffs; earnings, economic data in focus
NEW YORK/LONDON, July 18 (Reuters) - U.S. equities were slightly lower on Friday, a day after the S&P 500 and the Nasdaq scored record closes, as investors looked ahead to corporate earnings and monitored the latest U.S. tariff threats as they digested economic data, while the dollar weakened and U.S. Treasury yields fell. U.S. consumer sentiment improved in July and inflation expectations declined, but households still saw substantial risk of price pressures increasing in the future, the University of Michigan's Surveys of Consumers released on Friday showed. Another report showed U.S. single-family homebuilding dropped to an 11-month low in June as high mortgage rates and economic uncertainty hampered home purchases, suggesting residential investment contracted again in the second quarter. On Thursday, news of stronger-than-expected U.S. retail sales and jobless claims data suggested modest improvements in economic activity, helping to push equities higher. On Friday, the mood dimmed after the Financial Times reported that U.S. President Donald Trump is pushing for a minimum tariff of 15% to 20% in any deal with the European Union, was unmoved by the latest EU offer to reduce car tariffs, and would keep duties there at 25% as planned. "Tariff headlines this afternoon reminded investors that volatility is likely to persist through the start of August." said Lindsey Bell, Chief Investment Strategist at 248 Ventures. "Investors may be taking some money off the table going into the weekend given lingering tariff uncertainty and a market that has a premium valuation after reaching new highs." She noted that these concerns were on display in shares of American Express (AXP.N), opens new tab and Netflix (NFLX.O), opens new tab, which both fell after solid earnings reports and forecasts as both companies had extended valuations ahead of the results. Still, many investors had high hopes for upcoming earnings and were making bullish bets ahead of July equity option expirations, said Bruce Zaro, managing director at Granite Wealth Management in Plymouth, Massachusetts. "Today's action is all about option expiration as investors make bets on the meat of earnings season, which comes in the next few weeks when all the growth and technology companies report," said Zaro, noting that beyond earnings, investors want to benefit from a strong performance trend in megacap names. "There's a fear of missing out." On Wall Street at 02:32 p.m. the Dow Jones Industrial Average (.DJI), opens new tab fell 218.65 points, or 0.49%, to 44,265.84, the S&P 500 (.SPX), opens new tab fell 5.42 points, or 0.09%, to 6,291.94 and the Nasdaq Composite (.IXIC), opens new tab rose 1.58 points, or 0.01%, to 20,887.80. MSCI's gauge of stocks across the globe (.MIWD00000PUS), opens new tab rose 0.74 points, or 0.08%, to 927.03. Earlier, Europe's STOXX 600 (.STOXX), opens new tab index closed down 0.01%, and was off 0.06% for the week. In currencies, the U.S. dollar slipped on the day but was still angling for a weekly gain, as investors weighed signs that tariffs may be starting to fuel inflation pressures and monitored Federal Reserve policy as Trump increases pressure on Chair Jerome Powell. The euro pared some gains after the FT report on a toughening U.S. stance on European import tariffs. The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, fell 0.04% to 98.47. The euro was up 0.24% at $1.1623 versus a $1.1671 high for the session so far. Against the Japanese yen , the dollar strengthened 0.1% to 148.75 as polls showed Japanese Prime Minister Shigeru Ishiba's coalition was in danger of losing its majority in an election on Sunday. U.S. Treasuries prices rose, dragging their yields lower, after comments from Federal Reserve Governor Christopher Waller pushed for a rate cut later this month, while technical buying also contributed to the move higher. In contrast, most officials who have spoken publicly have indicated a desire to hold rates steady and traders are betting on a 95.3% probability that rates will stay where they are after the month-end meeting, according to CME Group's FedWatch, opens new tab tool. The yield on benchmark U.S. 10-year notes fell 3.7 basis points to 4.426%, from 4.463% late on Thursday while the 30-year bond yield fell 1.9 basis points to 4.9947% from 5.014%. The 2-year note yield, which typically moves in step with interest rate expectations for the Federal Reserve, fell 4.6 basis points to 3.871%, from 3.917% late on Thursday. In commodities, crude oil futures held steady as mixed U.S. economic news offset worries the European Union's latest for its war in Ukraine could reduce oil supplies. U.S. crude settled down 0.3%, or 20 cents at $67.34 a barrel while Brent ended at $69.28 per barrel, down 0.35% or 24 cents on the day. Gold prices rose on Friday as a weaker U.S. dollar and ongoing geopolitical and economic uncertainty boosted demand for the safe-haven metal, while platinum prices eased after reaching their highest level since 2014. Spot gold rose 0.41% to $3,352.13 an ounce and spot.
CNA
18-07-2025
- Business
- CNA
Equities edge down, US dollar dips with tariffs; earnings, economic data in focus
NEW YORK/LONDON :U.S. equities were slightly lower on Friday, a day after the S&P 500 and the Nasdaq scored record closes, as investors looked ahead to corporate earnings and monitored the latest U.S. tariff threats as they digested economic data, while the dollar weakened and U.S. Treasury yields fell. U.S. consumer sentiment improved in July and inflation expectations declined, but households still saw substantial risk of price pressures increasing in the future, the University of Michigan's Surveys of Consumers released on Friday showed. Another report showed U.S. single-family homebuilding dropped to an 11-month low in June as high mortgage rates and economic uncertainty hampered home purchases, suggesting residential investment contracted again in the second quarter. On Thursday, news of stronger-than-expected U.S. retail sales and jobless claims data suggested modest improvements in economic activity, helping to push equities higher. On Friday, the mood dimmed after the Financial Times reported that U.S. President Donald Trump is pushing for a minimum tariff of 15 per cent to 20 per cent in any deal with the European Union, was unmoved by the latest EU offer to reduce car tariffs, and would keep duties there at 25 per cent as planned. "Tariff headlines this afternoon reminded investors that volatility is likely to persist through the start of August." said Lindsey Bell, Chief Investment Strategist at 248 Ventures. "Investors may be taking some money off the table going into the weekend given lingering tariff uncertainty and a market that has a premium valuation after reaching new highs." She noted that these concerns were on display in shares of American Express and Netflix, which both fell after solid earnings reports and forecasts as both companies had extended valuations ahead of the results. Still, many investors had high hopes for upcoming earnings and were making bullish bets ahead of July equity option expirations, said Bruce Zaro, managing director at Granite Wealth Management in Plymouth, Massachusetts. "Today's action is all about option expiration as investors make bets on the meat of earnings season, which comes in the next few weeks when all the growth and technology companies report," said Zaro, noting that beyond earnings, investors want to benefit from a strong performance trend in megacap names. "There's a fear of missing out." On Wall Street at 02:32 p.m. the Dow Jones Industrial Average fell 218.65 points, or 0.49 per cent, to 44,265.84, the S&P 500 fell 5.42 points, or 0.09 per cent, to 6,291.94 and the Nasdaq Composite rose 1.58 points, or 0.01 per cent, to 20,887.80. MSCI's gauge of stocks across the globe rose 0.74 points, or 0.08 per cent, to 927.03. Earlier, Europe's STOXX 600 index closed down 0.01 per cent, and was off 0.06 per cent for the week. In currencies, the U.S. dollar slipped on the day but was still angling for a weekly gain, as investors weighed signs that tariffs may be starting to fuel inflation pressures and monitored Federal Reserve policy as Trump increases pressure on Chair Jerome Powell. The euro pared some gains after the FT report on a toughening U.S. stance on European import tariffs. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.04 per cent to 98.47. The euro was up 0.24 per cent at $1.1623 versus a $1.1671 high for the session so far. Against the Japanese yen, the dollar strengthened 0.1 per cent to 148.75 as polls showed Japanese Prime Minister Shigeru Ishiba's coalition was in danger of losing its majority in an election on Sunday. U.S. Treasuries prices rose, dragging their yields lower, after comments from Federal Reserve Governor Christopher Waller pushed for a rate cut later this month, while technical buying also contributed to the move higher. In contrast, most officials who have spoken publicly have indicated a desire to hold rates steady and traders are betting on a 95.3 per cent probability that rates will stay where they are after the month-end meeting, according to CME Group's FedWatch tool. The yield on benchmark U.S. 10-year notes fell 3.7 basis points to 4.426 per cent, from 4.463 per cent late on Thursday while the 30-year bond yield fell 1.9 basis points to 4.9947 per cent from 5.014 per cent. The 2-year note yield, which typically moves in step with interest rate expectations for the Federal Reserve, fell 4.6 basis points to 3.871 per cent, from 3.917 per cent late on Thursday. In commodities, crude oil futures held steady as mixed U.S. economic news offset worries the European Union's latest sanctions against Russia for its war in Ukraine could reduce oil supplies. U.S. crude settled down 0.3 per cent, or 20 cents at $67.34 a barrel while Brent ended at $69.28 per barrel, down 0.35 per cent or 24 cents on the day. Gold prices rose on Friday as a weaker U.S. dollar and ongoing geopolitical and economic uncertainty boosted demand for the safe-haven metal, while platinum prices eased after reaching their highest level since 2014. Spot gold rose 0.41 per cent to $3,352.13 an ounce and spot.
