Today’s Trading Prospects
US stock earnings: IBM (following the market), Johnson & Johnson (before the market)
U.S. Treasury Secretary Yellen meets South Korean finance minister, central bank governor
EURDistrict June CPI
U.S. June building permits, housing starts data
IBM Q2 is good, but it cuts its free cash flow forecast for this year, down more than 4% following the market
IBM reported higher-than-expected second-quarter profit and revenue on Monday (18th), but it revised down its 2022 cash forecast, sending down more than 4% in following-hours trading.Read the full article…
FT: SoftBank suspends ARM listing in London
The Financial Times reported on Monday (18th), citing sources, that SoftBank Group (SoftBank) had suspended plans to list ARM in London due to the political turmoil in the UK.Read the full article…
Apple says it will slow hiring and spending for some teams next year
Apple plans to slow hiring and spending growth in some divisions next year to join tech giants such as Alphabet, Amazon and Meta Platforms, Bloomberg reported, citing people familiar with the matter.Read the full article…
Is Beixi No. 1 really “dead”?Russian gas giant: Force majeure cannot guarantee supply
Russia’s Nord Stream 1 gas pipeline to Europe will be repaired for 10 days starting on the 11th, Gazprom PJSC notified several European gas buyers on Monday (18th), Archyde.com reported. , the company is currently encountering a special situation of force majeure and cannot guarantee the supply of natural gas, suggesting that Russia is planning to strengthen its control over European energy.Read the full article…
Fixed income surges, Goldman Sachs 2Q results beat expectations
Goldman Sachs on Monday reported last-quarter profit and revenue that beat analysts’ estimates, as fixed-income trading revenue beat estimates by regarding $700 million.Read the full article…