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Biden Unhappy Over States Flouting Mask And Vaccination Mandates

Written by on 4 August 2021

President Joe Biden has expressed disappointment over some state authorities passing laws or signing orders that “forbid people from doing the right thing” in the fight against coronavirus. While delivering remarks on his Administration’s progress toward fighting the pandemic, he named two states where the Republican Governors declined to follow the federal government’s lead in […]

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Wall Street Aims To Open Higher

Written by on 4 August 2021

Reactions to reports on private sector employment and service sector activity in the month of July might be the highlight on Wednesday. Activision Blizzard (ATVI), Amgen (AMGN), Avis Budget (CAR), Live Nation (LYV), Lyft (LYFT), and Prudential (PRU) are among the companies releasing their quarterly results after the close of today’s trading. Early cues from […]

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UK Service Sector Recovery Slows In July

Written by on 4 August 2021

UK service sector activity grew at the slowest pace since the end of the winter lockdown as staff shortages and supply issues weighed on business capacity, final survey results from IHS Markit showed on Wednesday. The Chartered Institute of Procurement & Supply services Purchasing Managers’ Index declined to 59.6 in July from 62.4 in June. […]

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European Shares Extend Gains On Earnings Optimism

Written by on 4 August 2021

European stocks climbed to record highs on Wednesday as optimism over the economic recovery and earnings growth outweighed concerns over the spread of the Delta variant in China. In economic releases, the euro area private sector grew the most in more than 15 years in July, underpinned by steep manufacturing output growth and an accelerated […]

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Asian Shares Mostly Higher On Growth Optimism

Written by on 4 August 2021

Asian stocks rose broadly on Wednesday, as optimism for strong earnings growth and expectations of continued support from central banks offset renewed concerns about the rapid spread of the delta variant of the coronavirus. Chinese shares advanced after the latest survey from Caixin showed the services sector in the country expanded at a faster rate […]

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Eurozone Final Composite PMI Data Due

Written by on 4 August 2021

The final composite Purchasing Managers’ survey results from euro area and the UK are due on Wednesday, headlining a busy day for the European economic news. At 3.00 am ET, retail sales from Hungary and foreign trade data from Austria are due. At 3.15 am ET, IHS Markit is slated to release Spain’s services PMI […]

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