Market Updates
A twice-daily podcast from the Marcus Today team, designed for self-directed investors. Stay informed with the latest stock market, financial, and business news, published every weekday just before the market opens and after it closes (AEST).
Market Updates
Pre-Market Report – Monday 28 July: US markets firm | US/EU trade deal
Wall St managed a broad rally on Friday night as optimism over a US/EU trade deal boosted the S&P 500 (+0.4%) to a fresh record high. That deal has now been done - described as the "Least worst" deal for the EU. Devil in the detail.
112 S&P 500 companies reported results last week - average earnings growth was better-than-expected at 6.4% compared to 4.9% expected. Google was up 4.4%, Tesla down 4.1%, Intel down 10.4% and Texas Instruments down 14.6%.
US Futures this morning are higher with the S&P 500 futures up 0.37% and the NASDAQ futures up 0.19%.
ASX set to open near flat. SPI futures down 5 points. Quarterlies in focus. WTC has a new CEO.
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