Summary : A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2022.
A look at the day ahead in markets from Anshuman Daga
After a strong set of mostly upbeat earnings reports from both sides of the Atlantic last week, stock bulls will now want macro data to disappoint. Asian equities started Monday on a weak note, with China’s factory activity contracting unexpectedly in July as virus flare-ups cloud the outlook for demand. read more
Key developments that should provide more direction to markets on Monday:
Economic data – July global PMI final – across the world, Germany June retail sales, US July ISM (manufacturing)
China’s factory activity contracts unexpectedly in July as COVID flares up – read more
Evergrande offers sweetener for debt revamp as China property crisis worsens – read more
<<<<<<<<<<<<<<<<<<<<<<<<
