Commodities
US services sector activity slows more than expected in July, IHS Markit says
US business activity cooled in July due to the drag from the services sector, the results of two closely-followed surveys revealed.
Barclays on outlook for Treasury yields
Economists at Barclays Research think longer-term US Treasury note yields will head back higher in the back half of 2021, although they also thought that financial markets were right in judging inflationary risks to be 'transitory'.
US jobless claims jump as automakers retool
First time unemployment claims in the US bounced back unexpectedly during the previous week, pushed higher by the annual retooling of automakers.
ECB tweaks guidance, rates may now stay lower for longer
Policymakers at the European Central Bank will keep its interest rates at their current low level until it sees inflation returning to its new target level "well ahead" of its projection horizon and in a "durable manner".
BHP plotting retreat from oil
BHP was reportedly mulling how to extract itself from the oil and gas space while valuations were still supportive.
China Evergrande Group tumbles as Beijing tightens oversight of sector
Shares of China's second-largest property developer by sales tumbled again on Tuesday after reports of an asset freeze.
US housing starts surprise to the upside in June, but permits drop
US homebuilding activity bounced back last month but forward-looking indicators pointed to weakness ahead.
Jefferies believes Delta may be less lethal than other variants
Analysts at Jefferies believe the so-called Delta variant may be less lethal, even if more transmissible, than earlier variants of the virus - although not everyone is onboard with that notion.
BHP in 'great shape' after record production at some mines
BHP said it was in "great shape" after the miner achieved record production at iron ore, coal, and copper and gold assets during the last financial year.
Morgan Stanley stays 'overweight' on Shell, expects dividend to grow again
Analysts at Morgan Stanley reiterated their 'overweight' stance on shares of Royal Dutch Shell in anticipation of share buyback announcements and higher dividend payouts from the oil major.
Crude oil futures under pressure after OPEC+ deal at the weekend
Crude oil futures slid at the start of the week after the Organisation of Petroleum Exporting Countries ad its main allies clinched a deal at the weekend to increase their combined output.
Wall Street primed for biggest correction since start of 'bull' market
Wall Street is now primed for the biggest 'correction' since the start of the current 'bull' market in March 2020, Marketwatch's Mark Hulbert wrote.
Upside surprise in US June retail sales
US retail sales surprised to the upside in June, driven by increased demand for electronics, gasoline and fashion.
JP Morgan prefers ITM Power over NEL ASA, stays 'overweight' but cuts target
Analysts at JP Morgan told clients they preferred shares of ITM Power over those of rival NEL ASA, arguing that the latter would be a relative winner among electrolyser original equipment manufacturers in the back half of 2021.
Chinese cyber-watchdog conducts on-site investigation at Didi's offices
China's cybersecurity watchdog conducted an investigation of ride-hailing services app Didi's premises, sending the company's shares sharply lower before the start of trading in New York.
Headline and core euro area CPI dip in June
The cost of living in the Eurozone dipped last month as energy and services prices fell back.
Euro area visible trade surplus narrows in May
The single currency bloc's trade surplus in goods with the rest of the world narrowed in May due to a decline in exports.
BoJ leaves monetary policy unchanged, downgrades GDP forecast
The Bank of Japan left monetary policy unchanged on Friday but downgraded its 2021 growth forecast.
Empire State manufacturing improves in July
Manufacturing activity in the New York jurisdiction improved more than expected in July, according to a survey released on Thursday.
Semiconductor shortage kneecaps US manufacturing in June
Industrial output in the US grew more slowly than anticipated in June as a shortage of semiconductors kneecapped auto manufacturing.
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