Archives of “July 29, 2021” day

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Eurozone July final consumer confidence -4.4 vs -4.4 prelim

  
Analysis, Economy

Latest data released by Eurostat – 29 July 2021

  • Economic confidence 119.0 vs 118.5 expected
  • Prior 117.9
  • Services confidence 19.3 vs 19.9 expected
  • Prior 17.9
  • Industrial confidence 14.6 vs 13.0 expected
  • Prior 12.7

Euro area economic confidence reaches an all-time high as the upbeat mood is helped by the summer optimism. That said, the increase is a shallow one which could suggest that the indicator is nearing its peak for the time being.

Industrial confidence also increased for an eighth consecutive month, recording its own all-time high, while services confidence is seen picking up for a sixth straight month as it touches its highest level since August 2007.

No taper talk from FOMC or Powell (as expected) – Jackson Hole the next opportunity

  
  Analysis
What’s not a ways off is this year’s Federal Reserve Bank of Kansas City s Economic Policy Symposium in Jackson Hole, Wyoming. The symposium has been a venue in the past for announcing policy changes, and it gets another opportunity this year.
  • Dates are August 26 to 28.
If not at The Hole, the next opportunity is September. The pic is the schedule for Federal Open Market Committee meetings remaining this year:
For a rundown on what was said, and not said, at the Federal Open Market Committee and Chair Powell's press conference:

Facebook expectations disappoint after the close. Earnings and revenues beat expectations.

  
Analysis, US Market

Earnings-per-share $3.61 versus $3.04. Revenues 29.08 billion versus 27.87 billion, but other data disappoints

  • earnings-per-share $3.61 versus $3.04
  • revenues $29.08 billion versus $27.87 billion
  • daily users 1.91 billion versus 1.95 billion estimate
  • monthly active users 2.9 billion versus expected 2.91 billion
In the 3 and 4th quarters expects advertising revenue growth will be driven by year on year advertising price increases during the rest of 2021.
The stock is trading down -4.65% in after-hours trading or $-17.28 to $356.11

Dow down for the second straight day. Nasdaq rises.

  
Analysis, US Market

S&P up modestly. NASDAQ higher

Highlights for the day
  • NASDAQ up for the sixth time in seven days
  • S&P index falls for the second consecutive day
  • Russell index jumps 1.51%
  • new highs at 76. New lows 80
  • Dow down for the second consecutive day
  • NASDAQ rebounds after its worst day since May
  • healthcare sector on pace for a record close
The major averages are mixed after the FOMC statement, and a largely unchanged taper expectations.
The final numbers are showing:
  • Dow industrial average felt -128 points or -0.37% at 34,930.27
  • S&P index fell -0.82 or -0.02% at 4400.65 point
  • NASDAQ rose 102 points or 0.70% at 14762.59
  • Russell 2000+33.11 points or 1.51% at 2224.94
Qualcomm earnings have come in after the close and are seeing a beat on the top and bottom lines.
  • EPS $1.92 versus $1.68 estimate
  • Rev $8.0 billion versus $7.58 billion estimate
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