net_left Phương Thức Thanh Toán

Fed’s Next Move, U.S. GDP, Meta Platforms, Oil Profits - What's Moving Markets

29 Tháng Bảy 2022
Fed’s Next Move, U.S. GDP, Meta Platforms, Oil Profits - What's Moving Markets © Reuters

By Peter Nurse

Investing.com -- The Federal Reserve hiked as expected, but uncertainty exists over its next move when the summer ends. U.S. GDP release could provide some clues, while stocks are expected to hand back some of the previous session’s gains. Meta Platforms disappointed with its quarterly results, in contrast to the record profits from the European oil giants. Here's what you need to know in financial markets on Thursday, July 28.

1. What’s next for the Fed

The Federal Reserve delivered its second straight 75 basis point rate increase on Wednesday, as widely expected, but Chairman Jerome Powell also declined to provide guidance on the size of the next rate hike, ensuring a degree of uncertainty over the rest of the summer.

Powell did indicate that the central bank could slow the pace of its rate increases if there is evidence that the 225 basis points of tightening so far this year is having an impact on the highest U.S. inflation in four decades.

This has provided some hope that the run of unusually large interest rate hikes may be coming to an end, especially given the recent evidence of slowing economic growth.

Fed Funds futures priced in a more dovish outlook shortly after the press conference, with the chances the Fed would deliver a 50-basis point hike in September, rather than a third 75 basis point increase, rising to 65%, from just under 51% on Tuesday.

However, inflation has proved to be far more tenacious than the Fed originally thought, prompting the rush to tighten monetary policy, and prices could easily remain highly elevated well into the new year.

Economic data will be key during the eight weeks until the Fed meets again, with the intervening period including two jobs reports, two inflation reports, and the Fed’s Jackson Hole symposium.

2. U.S. 2Q GDP due

With the Fed seemingly becoming more data dependent, the first release of U.S. economic growth in the second quarter, later Thursday, will be in the spotlight.

The preliminary print for second quarter gross domestic product is released at 08:30 AM ET (1230 GMT), and is expected to rise 0.5% in the three months from April through June.

However, there must be downside risk to this estimate, with the latest estimate from the Atlanta Fed’s GDPNow tracker standing at -1.2% on the quarter annualized, as of Wednesday.

Two consecutive quarters of negative GDP growth is widely seen as an indication the economy is in recession, although in the U.S. the official call is made by a panel of economists convened by the National Bureau of Economic Research, and often long after the fact.

“The NBER judges recessions based on a much broader set of data, including the labor market and underlying demand (consumption and investment),” said analysts at ABN Amro, in a note. “Taking this broader definition – and given the strength in the labor market and in consumption growth – it would be hard to conclude that the U.S. has been in a recession.”

3. Stocks set to open lower; Meta Platforms disappoints

U.S. stock markets are set to open lower Thursday, handing back some of the previous session’s strong gains on the back of relief that the Federal Reserve kept its interest rate increase to 75 basis points [see above].

By 06:00 AM ET (1000 GMT), Dow Jones futures were down 45 points, or 0.1%, S&P 500 futures were down 0.4%, and Nasdaq 100 futures were down 0.8%.

Stocks rallied strongly on Wednesday, with the blue-chip Dow Jones Industrial Average rising over 400 points, or 1.4%, while the broad-based S&P 500 gained 2.6%. The star of the show, though, was the Nasdaq Composite, which gained over 4%, with big tech stocks rebounding after their recent hammering by concerns of Fed rate hikes and inflation.

That said, it wasn’t all good news in the tech sector as Meta Platforms (NASDAQ:META), the owner of the social network Facebook, issued a gloomy forecast after the close Wednesday, recording its first-ever quarterly drop in revenue.

Results from the likes of Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), and Intel (NASDAQ:INTC) later Thursday will keep the sector in the spotlight.

Ford (NYSE:F) is also likely to be in focus as the auto giant reported better-than-expected second-quarter net income, reaffirmed its profit outlook for the year and said it would restore its dividend to the pre-pandemic level.

4. Oil majors reap the rewards

Soaring energy prices have created numerous problems for central banks and governments around the world, but the energy giants are now reaping the rewards.

Shell PLC (LON:SHEL) reported earlier Thursday a second-quarter profit of $11.5 billion, smashing its previous record just three months earlier, while also announcing a share buyback program of $6 billion for the current quarter.

French rival TotalEnergies (EPA:TTEF) also registered a record profit of $9.8 billion in the quarter and accelerated its buyback program, while Norway's Equinor (OL:EQNR) raised its special dividend and boosted share buybacks after a hefty second-quarter profit of $17.6 billion.

U.S. rivals Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) report on Friday, and are likely to also announce positive results.

The U.K. imposed a windfall tax on its oil majors in May, and this could become a template for more governments as they struggle to alleviate the global cost-of-living crisis.

5. Oil gains; EIA inventories drop sharply

Crude oil prices extended gains Thursday despite the hefty Fed hike as official data confirmed a substantial fall in U.S. crude inventories, easing concerns about falling demand at the largest consumer in the world.

U.S. crude oil stockpiles fell by 4.5 million barrels last week, according to Wednesday’s data from the Energy Information Administration, against expectations of a 1 million-barrel drop.

This largely matched the results from American Petroleum Institute, released Tuesday, suggesting that U.S. demand is holding up despite the high prices.

Further gains look likely, according to the head of Shell, as the tightness in supply outweighs any risks to demand.

“Where we are today, there is more upside than downside when it comes to the oil price,” Shell Chief Executive Officer Ben van Beurden said in an interview with Bloomberg TV. “Demand hasn’t fully recovered yet and supply is definitely tight.”

By 06:00 AM ET, U.S. crude futures were up 1.9% at $99.13 a barrel, while Brent crude was up 1.9% at $103.55 a barrel. Both contracts gained over $2 a barrel the previous session.

Để lại bình luận
Hot Auto Trade Bot Phương Thức Thanh Toán
BROKERS ĐƯỢC CẤP PHÉP
net_home_top Ai VIF
13-08-2022 11:04:35 (UTC+7)

EUR/USD

1.0261

-0.0056 (-0.54%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (6)

Sell (2)

EUR/USD

1.0261

-0.0056 (-0.54%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (6)

Sell (2)

GBP/USD

1.2135

-0.0076 (-0.63%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (5)

USD/JPY

133.46

+0.46 (+0.34%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

AUD/USD

0.7121

+0.0016 (+0.23%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (6)

USD/CAD

1.2774

+0.0013 (+0.10%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

EUR/JPY

136.93

-0.29 (-0.21%)

Summary

Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (3)

Sell (3)

EUR/CHF

0.9659

-0.0046 (-0.48%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (3)

Gold Futures

1,818.40

+11.20 (+0.62%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (0)

Silver Futures

20.835

+0.486 (+2.39%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Copper Futures

3.6783

-0.0282 (-0.76%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Crude Oil WTI Futures

91.88

-2.46 (-2.61%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (0)

Brent Oil Futures

98.01

-1.59 (-1.60%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (1)

Natural Gas Futures

8.780

-0.094 (-1.06%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

US Coffee C Futures

227.53

+3.58 (+1.60%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Euro Stoxx 50

3,776.81

+19.76 (+0.53%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (6)

S&P 500

4,280.15

+72.88 (+1.73%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

DAX

13,795.85

+101.34 (+0.74%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (4)

FTSE 100

7,500.89

+34.98 (+0.47%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (2)

Hang Seng

20,175.62

+93.19 (+0.46%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

US Small Cap 2000

2,013.09

+37.84 (+1.92%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

IBEX 35

8,400.40

+20.40 (+0.24%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

BASF SE NA O.N.

44.155

+0.730 (+1.68%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (2)

Bayer AG NA

54.15

+2.47 (+4.78%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (9)

Sell (0)

Allianz SE VNA O.N.

181.08

+2.08 (+1.16%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (3)

Sell (6)

Adidas AG

173.20

+1.18 (+0.69%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Deutsche Lufthansa AG

6.588

+0.062 (+0.95%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (6)

Siemens AG Class N

111.84

+1.92 (+1.75%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Deutsche Bank AG

9.061

+0.197 (+2.22%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (0)

 EUR/USD1.0261↑ Buy
 GBP/USD1.2135↑ Sell
 USD/JPY133.46↑ Sell
 AUD/USD0.7121↑ Sell
 USD/CAD1.2774↑ Buy
 EUR/JPY136.93Sell
 EUR/CHF0.9659↑ Sell
 Gold1,818.40↑ Buy
 Silver20.835↑ Buy
 Copper3.6783↑ Buy
 Crude Oil WTI91.88↑ Buy
 Brent Oil98.01Buy
 Natural Gas8.780↑ Buy
 US Coffee C227.53↑ Buy
 Euro Stoxx 503,776.81Sell
 S&P 5004,280.15↑ Buy
 DAX13,795.85Neutral
 FTSE 1007,500.89Neutral
 Hang Seng20,175.62↑ Buy
 Small Cap 20002,013.09↑ Buy
 IBEX 358,400.40↑ Sell
 BASF44.155↑ Buy
 Bayer54.15↑ Buy
 Allianz181.08↑ Sell
 Adidas173.20↑ Buy
 Lufthansa6.588↑ Sell
 Siemens AG111.84↑ Sell
 Deutsche Bank AG9.061↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,620/ 6,720
(0/ 0) # 1,655
SJC HCM6,660/ 6,760
(30/ 30) # 1,651
SJC Hanoi6,660/ 6,762
(30/ 30) # 1,653
SJC Danang6,660/ 6,762
(30/ 30) # 1,653
SJC Nhatrang6,660/ 6,762
(30/ 30) # 1,653
SJC Cantho6,660/ 6,762
(30/ 30) # 1,653
Cập nhật 13-08-2022 11:04:37
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,801.89+12.740.71%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V25.34025.840
RON 95-III24.66025.150
E5 RON 92-II23.72024.190
DO 0.05S22.90023.350
DO 0,001S-V24.88025.370
Dầu hỏa 2-K23.32023.780
ↂ Giá dầu thô thế giới
WTI$91.88+0.550.60%
Brent$97.89+0.110.11%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.220,0023.530,00
EUR23.498,0024.813,92
GBP27.761,8728.945,83
JPY170,70180,72
KRW15,5018,89
Cập nhật lúc 10:56:15 13/08/2022
Xem bảng tỷ giá hối đoái
Phương Thức Thanh Toán