U.S. corporate earnings ahead, Chinese GDP underwhelms

Commodities Week Ahead: China Holds Back Oil Rally in Replay of 2022

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📚 Daily Digest  |  Monday, Jul 17, 2023     U.S. corporate earnings ahead, Chinese GDP underwhelms - what's moving markets   © Reuters. Investors prepare for a raft of fresh corporate earnings this week that will include some of the largest U.S. banks and major tech industry players. Elsewhere, Chinese quarterly growth figures provide further evidence of the country's sputtering recovery from the pandemic. Plus, Microsoft signs a licensing agreement with PlayStation over the "Call of Duty" gaming franchise that could bring the tech giant's mega-merger with Activision Blizzard one step closer to completion. Read More     Today's Top News Stock Markets Futures lackluster as investors wait for more earnings U.S. stock index futures were subdued on Monday after last week's gains, as investors geared up for quarterly results from industry heavyweights through the week. Economy China's Q2 GDP growth slows to 0.8% q/q, raises stimulus expectations China's economy grew at a frail pace in the second quarter, although the annual figure was flattered by base effects, data showed on Monday, with overall momentum faltering rapidly due to weakening demand at home and abroad. Stock Markets Nasdaq 100 special rebalance is unlikely to solve the concentration problem - Goldman Sachs Goldman Sachs strategists weighed in on the upcoming Nasdaq 100 'Special Rebalance", aimed at tackling the index's high level of concentration among seven big tech stocks. Commodities Oil slides more than 1% as Chinese GDP dents demand hopes Oil dropped by more than 1% on Monday after weaker than expected Chinese economic growth fuelled concern over demand in the world's second-biggest oil consumer while a partial restart of halted Libyan output also pressured. Stock Markets 4 big analyst picks: Microsoft upgraded to Buy on Cloud & AI Here is your Pro Recap of the biggest analyst picks you may have missed since Friday: upgrades at Microsoft, Plug Power, Baidu, and General Mills. InvestingPro subscribers got this news first. Never miss another market-moving headline. Read More News »   This Week's Earnings Forecast   Tesla and Netflix earnings are out this week. Set up your alerts now to stay ahead of the market   Set Alert     Today's Top Analysis     Jul 17, 2023 by Barani Krishnan Commodities Week Ahead: China Holds Back Oil Rally in Replay of 2022   by Barani Krishnan  |   Jul 17, 2023   Jul 17, 2023 by Michael Kramer Option Expiration, Earnings Take Center Stage: Will U.S. Stocks Meet the High Bar?   by Michael Kramer  |   Jul 17, 2023   Jul 17, 2023 by Declan Fallon Russell 2000, S&P 500, Nasdaq Pullback: Temporary Pause or Trend Reversal?   by Declan Fallon  |   Jul 17, 2023   Jul 17, 2023 by Michele Schneider Small Caps' Fate to Determine Large Caps' Future   by Michele Schneider  |   Jul 17, 2023 Read More Analysis »

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