Today’s Trading Prospects
US stock earnings (following-hours): Hewlett-Packard (HPQ), Hewlett Packard Enterprise (HPE)
China August Official PMI
EURDistrict August CPI
U.S. ADP adds jobs in June
U.S. Commerce Secretary: Biden still hasn’t decided to cut China tariffs
The Wall Street Journal reported on Tuesday (30th) that in response to the reduction of Trump-era tariffs on Chinese products, U.S. Commerce Secretary Gina Raimondo said in an interview that Biden is weighing the impact of the move on inflation. possible impact, and the impact on U.S. labor.Read the full article…
HP lowers full-year profit outlook, warns of weak demand spreading to commercial PCs, down more than 5%
Hewlett-Packard (HPQ-US) on Tuesday (30th) following the market closed, it announced that Q3 revenue fell and fell short of expectations. In addition to looking down on consumer demand, HP warned that the slowdown in demand was spreading to the commercial sector, so it revised down its full-year profit outlook. fell more than 5%.Read the full article…
Snap announces layoffs of more than 1,000 people, accounting for regarding 20% of human RD departments
Foreign media reported on Tuesday (30th) that Snap (SNAP-US) will lay off 20% of its workforce, or more than 1,000 people, starting Wednesday, in specific departments such as hardware and product development.Read the full article…
Fed’s Williams hawk dents market expectations for next year’s rate cut
New York Federal Reserve Bank President John Williams, a permanent voting member of the Federal Open Market Committee (FOMC), said on Tuesday (30th) that the Federal Reserve (Fed) needs to raise interest rates to cool inflation, but declined to say what he will do next month. The rate hikes tended to be at the meeting. Williams’ comments also once more undercut market expectations that the Fed will cut rates later next year.Read the full article…
U.S. consumer confidence, employment data beat expectations, the Fed is more likely to raise interest rates by 3 yards next month
The number of JOLTs job vacancies in July and the Consumer Confidence Index of the Conference Board in August released by the United States on Tuesday (30th) both far exceeded expectations, indicating that household consumption and labor demand were strong, adding to the Federal Reserve (Fed) at the September meeting. Three rate hikes of 3 yards (75bps) likely.Read the full article…
