Earnings playbook: Your guide to the first full week of the second-quarter reporting season

Category: Finance

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Source: CNBC

Update At: 7/15/2024

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Foreign portfolio investors continue buying spree in Indian stock markets - Times of India

Foreign portfolio investors (FPIs) have invested Rs 32,365 crore in the Indian stock markets in July, following Rs 26,565 crore in June. This surge has driven market indices to new highs, with the Nifty index surpassing 25,000 for the first time. The increase in FPI activity is linked to strong GDP growth, controlled inflation, and favorable monsoon conditions. However, concerns about India's valuation as the most expensive emerging market may lead FPIs to withdraw funds. Analysts suggest FPIs will focus on sectors benefiting from domestic reforms while remaining cautious of global economic downturns.

Times of India

FPIs invest Rs 32,365 cr in equities in July on continued policy reforms

Foreign investors invested Rs 32,365 crore in Indian equities in July, driven by expectations of policy reforms and economic growth, despite a withdrawal of Rs 1,027 crore in early August. The trend in FPI flows has been mixed following a budget announcement on capital gains tax. Analysts predict that US economic developments will influence FPI trends in August, with potential interest rate cuts expected from the US Fed. Additionally, FPIs invested Rs 22,363 crore in the debt market in July, totaling Rs 94,628 crore for the year.

The Economic Times

FPIs invest ₹32,365 crore in equities during July, turn net sellers in early August - CNBC TV18

Foreign portfolio investors (FPIs) invested ₹32,365 crore in Indian equities in July, an increase from ₹26,565 crore in June, driven by expectations of policy reforms and economic growth. However, they withdrew ₹1,027 crore in the first two days of August. The trend in FPI flows is mixed following the budget announcement on capital gains tax. Analysts suggest that US economic developments will influence FPI trends in August, with potential interest rate cuts expected from the US Fed. FPIs also invested ₹22,363 crore in the debt market in July, totaling ₹94,628 crore for the year.

CNBC TV18

Crypto selloff wipes out $270 billion in value as bitcoin, ether plunge

The cryptocurrency market experienced a significant decline, with bitcoin dropping 11% and ether plunging 21%, resulting in a total loss of about $270 billion. This selloff coincided with a downturn in Asian equities, particularly after Japan's Bank of Japan raised interest rates. The Nasdaq also fell 3.4%, marking its worst three-week performance since September 2022. Investors are now closely monitoring upcoming trade data from China and Taiwan, as well as central bank decisions in India and Australia.

CNBC

Bitcoin Plunges, Ether Has Worst Drop Since 2021 as Crypto Sinks

Cryptocurrencies faced significant declines, with Bitcoin dropping over 11% and Ether experiencing its steepest fall since 2021. The downturn is attributed to a global stock selloff, rising geopolitical tensions, and adjustments to higher interest rates in Japan. Bitcoin's recent performance has been influenced by various factors, including political uncertainty in the US and potential government sales of seized Bitcoin. Despite the downturn, some investors view this as a buying opportunity.

Yahoo Finance

UBS says 'going into Japan now is like catching a falling knife,' warns stock sell-off will continue

Kelvin Tay from UBS Global Wealth Management warns that entering the Japanese market now is risky due to significant declines in the Nikkei 225 and Topix, which have fallen over 12%. The Japanese yen's recent strengthening, following a rate hike by the Bank of Japan, is pressuring stock markets dominated by export-oriented firms. Tay notes that the yen's fluctuations are crucial for market performance, and while some corporate restructuring has occurred, the main influence remains the yen's value. He predicts the yen could strengthen further, making the Japanese market less attractive for investment.

CNBC

Despite the stock crash, the AI-fueled bubble will soon regain momentum, economist says

The stock market experienced significant losses due to recession fears, with the S&P 500 down 2.5% and the Nasdaq down 3.6%. Despite this, Capital Economics predicts a continued AI boom and a potential stock rally, citing expectations for aggressive rate cuts by the Federal Reserve. Recent earnings from major tech companies indicate substantial investments in AI infrastructure, suggesting resilience in the sector. Experts advise against overreacting to job market weaknesses, emphasizing ongoing growth in household income and consumer spending.

Fortune

Asian stock markets tumble after US data fans recession fears

Asian stock markets plunged, led by Tokyo, following weak US jobs data that raised recession fears and increased expectations for Federal Reserve interest rate cuts. The Nikkei fell significantly, reflecting broader losses across the region, with tech firms being the hardest hit. The Japanese government is monitoring the situation closely amid concerns over the economy's status.

The Guardian

Japan’s Nikkei 225 index crashes 7%, yen rallies as US recession concerns shake global markets | Stock Market News

Japan's stock market experienced a significant decline, with the Nikkei 225 index dropping over 7% and the broader Topix down 6.6%. The yen strengthened against the dollar following a recent interest rate hike by the Bank of Japan. Asian markets continued to suffer losses due to concerns over a potential recession in the US, following a weak jobs report and expectations of a Federal Reserve rate cut.

Livemint

Wynn Resorts Faces Stock Decline, Tough August Predicted Amid Economic Shifts

Wynn Resorts is facing a challenging August with consecutive lower closes, historically averaging a 5.19% decline. The stock is at its lowest in 20 months, down 13.1% in 2024, and has dropped 6% this week. Despite positive developments in the UAE, the stock's performance is hindered by a weak jobs report and concerns over the Federal Reserve's interest rate decisions. Analysts remain bullish, with a consensus price target of $123.67, but the upcoming earnings report may test this optimism.

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