Global Market Trend As Of August 3rd, 2022

August 3, 2022

MAJOR INDEXES

Market report as of August 3rd, 2022

NAME	LAST	CHG	%CHG
S&P 500	4,091.19000	-27.440	-0.67
NASDAQ	12,348.7600	-20.220	-0.16
DJIA	32,396.1700	-402.23	-1.23
*FTSE	7,381.39000*	-27.720	-0.37
*NIKKEI	27,741.9000*	147.170	0.53
*HSI	19,767.0900*	77.8800	0.40
*SHANGHAI	3,163.67000*	-22.590	-0.71
VIX	23.75000000	-0.1800	-0.75
*DAX	13,421.7600*	-27.440	-0.20

S&P500 MARKET MOVERS

TOP

MPWR	Monolithic Power Systems Inc	9.392%
IT	Gartner Inc	7.651%
CZR	Caesars Entertainment Inc	6.798%
DXCM	Dexcom Inc	5.332%
CCL	Carnival Corp	4.821%

BOTTOM

TAP	Molson Coors Beverage Co	10.456%
ZBRA	Zebra Technologies Corp	9.796%
SEE	Sealed Air Corp	8.711%
WAT	Waters Corp	6.839%
INCY	Incyte Corp	6.227%

SECURITIES

BONDS

NAME	YIELD	CHG
US 10-YR	2.745	+0.004
US 30-YR	3.003	+0.019
US 5-YR	2.85	-0.01
US 2-YR	3.063	-0.016
US 3-MO	2.553	+0.02
BUND 10-YR	0.853	+0.071
JPN 10-YR	0.18	+0.013
UK 10-YR	1.895	+0.029

FUTURES & COMMODITIES

NAME	LAST	CHG	%CHG
*OIL	93.1	-1.32	-1.398
*NAT GAS	7.784	+0.078	+1.01
*GOLD	1,783.3	-6.4	-0.358
*SILVER	19.86	-0.279	-1.39
*WHEAT	783.5	+8.75	+1.13
*COPPER	3.497	-0.022	-0.63

CURRENCIES

NAME	LAST	CHG	%CHG
JPY/USD	0.7510	+0.00	+0.03
USD INDEX	106.15	-0.090	-0.090
USD/JPY	133.13	-0.030	-0.023
GBP/USD	1.2190	+0.002	+0.17
EUR/USD	1.0190	+0.002	+0.22
USD/CAD	1.2860	-0.002	-0.186
AUD/USD	0.6930	+0.001	+0.16

Analyst's Views

Asian stocks tank as Pelosi arrives in Taiwan
Pelosi landed in Taiwan Tuesday morning for a meeting with Taiwanese President Tsai Ing-wen. The move has inflamed tensions with China, which has long claimed ownership over Taiwan despite the island being self-governed.

Markets across mainland China and Hong Kong slid as it became clear Pelosi would make the visit on Monday. The Shanghai Composite fell 2.26%; the Shenzhen Component dropped 2.37%; the Hong Kong Hang Seng Index dipped 2.36%, and the Hang Seng Tech index plummeted 3.01%.

Earnings: Another busy day coming up for earnings, with a big focus on health care. CVS Health, AmerisourceBergen, Moderna, and Regeneron Pharmaceuticals report ahead of the opening bell. Some big insurance companies will report in the afternoon, including Met Life and Allstate. Also watch for hotel and casino play MGM Resorts, online auctioneer Ebay, and household products maker Clorox to name a few.

American warehouses getting full, America's largest warehouse market is full as major U.S. retailers warn of slowing sales of the clothing, electronics, furniture and other goods that have packed the distribution centers east of Los Angeles.

The merchandise keeps flooding in from across the Pacific, and for one of the busiest U.S. warehouse complexes, things are about to get worse.

Experts have warned the U.S. supply chain would get hit by the "bullwhip effect" if companies panic-ordered goods to keep shelves full and got caught out by a downturn in demand while shipments were still arriving from Asia.

ECONOMIC DATA: The Institute for Supply Management releases its non-manufacturing PMI for July. This important gauge of services sector activity is expected to slip for a fourth straight month to 53.5, the lowest since May 2020. Recall that any reading above 50 indicates an expanding services sector. Also, the Commerce Department is expected to say manufacturing orders jumped 1.1% in June, trailing May’s 1.6% increase.

PAYPAL: Shares surged in after-hours trading. PayPal reported net revenues of $6.8 billion, up 9% year over year in the second quarter and a net loss of $341 million, or 29 cents per diluted share. Last year, the company recorded net income of $1.18 billion, or $1.00 per diluted share.

SPOT MARKET BY THE HOUR AS OF GMT 09:11 08-03-22

European Market, The Euromarket bourses are mixed with investors watching the Pelosi visits to Asia. London's FTSE decreased by 0.17% to 7,396.46, Germany's DAX jumped by 0.06% to 13,457.61 while France's CAC also gained traction by 0.18% to 6,421.21.

Asia Market, Asian stocks The investors' sentiments are mixed and the Asian bourses are responding to the sentiment of Pelosi's visits to Taiwan. Tokyo's Nikkei 225 index decreased by 0.53% to 27,741.9, China's Shanghai increased by 0.71% to 3,163.67 while Hang Seng in Hong Kong retreated by 0.4% to 19,767.09.