2023-07-17 11:28:36
Important points to watch for US stocks:
The market focused on imports and exports, consumer confidence and bank earnings.U.S. 10-Year Treasury Bond YieldComes to 3.783%. U.S. stock futures fell on Monday (17th),Dow JonesFutures fell 0.20%, S&P 500 futures fell 0.10%,Nasdaq 100 futures fell 0.01%.
The U.S. stock market has entered the peak season of earnings reports for the second quarter, and this week led by banking stocks. Tesla will announce its financial report in the early morning of the 20th, and it is expected to release more electric vehicle market conditions, as well as the outlook for unified specifications of charging piles; the streaming giant Netflix also announced its financial report on the same day.
Data released last week showed that inflationary pressures are easing, with the consumer price index rising 0.2% month-on-month and 3% year-on-year, the lowest annual level since March 2021. Both figures are slightly lower than theDow Jones” Economists surveyed previously had expected.
Interest rates were left unchanged at the most recent Fed policy meeting, but further rate hikes are widely expected this month. Policymakers are scheduled to meet on July 25-26.
Given expectations of a soft landing for the U.S. economy and the U.S. central bank’s confidence that it can keep inflation under control, it’s understandable that markets are now betting on U.S. interest rate cuts starting next March, said Richard Clarida, a former vice chairman of the U.S. Federal Reserve.
At the same time, Clarida believes that economic dynamics may change, and the slowdown in inflation will accelerate the prospect of an early rate cut, but if price pressures linger, it may delay the rate cut to a later time.
The rise and fall of US stocks in the previous trading day: Today’s important economic data:
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Important stock dynamics: 1. Tesla (TSLA-US)
Tesla’s use of price cuts to boost sales is expected to drive last quarter’s strongest revenue growth in the past five quarters, but it has also pushed its profit margin to a three-year low in the same period.
According to 19 analysts surveyed by Visible Alpha, Tesla’s earnings report on Wednesday (19th) is expected to drop to 18.9% in the second quarter. This is down from 20.2% in the previous quarter and 25.9% in the same period last year.
TSLA stock price chart image: anue tycoon
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