On Thursday, July 1, here’s everything you need to know:
At the customary halftime break, the markets got a little pep talk and have come out swinging to start the second half of the year. European markets are strong and bullish, while US futures are still in the locker room but are expected to break new highs. Thursday could be a quiet day ahead of Friday’s major jobs report. ADP employment forecasts robust gains, with Wall Street forecasting 683,000 new jobs. The number of unemployment claims just released was the lowest for the epidemic period since March 2020.
The dollar remained unchanged against the euro on Thursday, trading at 1.1865, while WTI is unchanged. Oil is up significantly at $75.70, but Bitcoin is down 5% at $33100, Gold is unchanged at $1775, and the VIX and 10-year yield are both unchanged at 15.7 and 1.47 percent, respectively.
Today’s currency market
The FTSE is up 0.4 percent, the DAX is up 0.2 percent, and the EuroStoxx is unchanged.
Futures in the United States are also up; the Nasdaq is unchanged, but the Dow and S&P 500 are also up 0.1 percent.
63.4, versus an estimate of 63.1, for the EU Manufacturing PMI.
For the week, the US unemployment claims totaled 364K, a historic low.
According to sources, Saudi Arabia and Russia have agreed to enhance oil deliveries.
CureVac (CVAC) is down 12% pre-market due to the findings of the covid vaccination trial.
Today is the first day of trading for Krispy Kreme (DNUT). I’m already hungry.
Walgreens (WBA) is up in premarket trading after reporting profits that beat expectations.
McCormick (MKC) is up 1% in premarket trading as results beat expectations, according to CNBC.
Pre-market, Novocure (NVCR) is down 8% due to drug study findings.
Goldman thinks Beauty Health (SKIN) is lovely because it starts coverage with a buy rating.
JAZZ Pharma is up 6% in premarket trading after receiving FDA approval for Rylaze.
In June, XPeng (XPEV) reported 6,565 deliveries, increasing 617 percent year over year.
In June, NIO delivered 8,083 automobiles. Premarket, shares are up 2%.
Due to this week’s Tesla (TSLA) delivery figures, Deutsche Bank lowers its projection from 207K to 200K-CnEVPost.
Benzinga Pro is the source of this information./n
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