Here is what you need to know on Thursday, July 22:
Stock markets are in a calm mood ahead of the open on Thursday as the whipsaw of the last few sessions looks to have parted for calmer seas. So it begins for financial stocks who had their dividend restrictions lifted recently, with Bank of America increasing its dividend to a 2% yield. Take that, 10-year! Most other bank stocks are expected to follow suit. Airlines are back in the grove as Southwest (LUV) and American (AA) both showed strong gains in revenue as travel demand roars back.
DIDI deja vu is back and once again for the wrong reasons as Bloomberg reports that China is considering an unprecedented fine. (see more).
Jobless claims posted a surprise rise on Thursday, while over in Europe the ECB as expected left rates unchanged and said inflation is not to be worried about.
European markets are mixed, the FTSE is -0.4%, while the Dax is +0.6% and Eurostoxx +0.4%.
US futures are all largely flat.
Wall Street top news
US Jobless claims rise to 419k.
ECB leaves rates unchanged.
Southwest Airlines (LUV): Earnings per share (EPS) misses but revenue beats.
American Airlines (AA) beats on EPS and revenue.
AT&T (T) beats on EPS and revenue.
Crocs (CROX) beats on EPS and revenue.
Intel (INTC), Twitter (TWTR) and SNAP report earnings after the close.
Netgear (NTGR) results disappointed with lower sales and revenue than forecast.
Unilever (UL) cautioned on inflation and rising commodity costs. Let us see how many companies mention this in their earnings reports.
Chevron (CVX) was upgraded by Redburn but downgraded by HSBC.
Airbnb (ABNB) upgraded by BTIG.
Texas Instruments (TXN) earnings disappoint, stock down 5% premarket.
Williams Sonoma (WSM) downgraded by Goldman Sachs.
Domino's (DPZ) beats on EPS and revenue.
Upgrades, downgrades, premarket and results
Source: Benzinga Pro
Like this article? Help us with some feedback by answering this survey:
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.