Global Market Trend As Of July 28th, 2022

U.S Market, the U.S. bourses responded positively to the 0.75% FED Hike rate with investors sentiments being green thereby lifting the market across the board.

Boeing Co. said its quarterly profit fell as it awaited regulatory approval to resume deliveries of its 787 Dreamliner and charges continued to mount at its military and space unit.

The company on Wednesday reported a profit of $160 million, or 32 cents a share, for the three months to June 30 compared with $567 million, or $1, during the same period a year earlier. Sales in the quarter fell 2% to $16.7 billion, with analysts expecting $17.6 billion.

WNBA Brittney Griner, Viktor Bout, a Russian arms dealer known as the "Merchant of Death" whose weapons sales fueled deadly conflicts around the world, could be sent back to his motherland in exchange for WNBA star Brittney Griner and retired U.S. Marine Paul Whelan. 

Russian officials have long pushed for the release of Bout, who is currently serving a 25-year sentence in U.S. prison after being convicted in 2011 of conspiracy to kill Americans, conspiracy to deliver anti-aircraft missiles, and aiding a terrorist organization.

U.S GDP, The U.S. economy likely slowed to a crawl or even shrank in the second quarter, potentially signaling that a recession could be on the horizon as the Federal Reserve raises interest rates at the fastest pace in decades to cool inflation. 

The Bureau of Economic Analysis will publish its preliminary estimate of second-quarter gross domestic product, the broadest measure of goods and services produced in the country, at 8:30 a.m. ET Thursday. The data is expected to show that GDP rose just 0.5% on an annualized basis, a sharp drop from the 5.7% recorded in 2021.