(index / closing price / change items /% change)
Nikkei -59.88 19996.01 -0.30%
TOPIX -3.95 1635.32 -0.24%
Hang Seng +164.55 27854.91 +0.59%
CSI 300 +5.42 3732.21 +0.15%
Euro Stoxx 50 +9.83 3515.63 +0.28%
FTSE 100 +10.79 7542.73 +0.14%
DAX +34.88 12292.05 +0.28%
CAC 40 +11.00 5218.89 +0.21%
DJIA -33.08 22085.34 -0.15%
S&P 500 -5.99 2474.92 -0.24%
NASDAQ -13.31 6370.46 -0.21%
S&P/TSX -1.62 15256.35 -0.01%
Major US stock indexes finished today's trading in the red, departing from record figures, which was due to a decline in almost all sectors.
The job market support (JOLTS), published by the US Bureau of Labor Statistics, provided some support for the market. As it became known, in June the number of vacancies increased to 6.163 million, reaching a record high. The indicator for May was revised upwards to 5.702 million from 5.666 million. Analysts had expected that the number of vacancies would grow only to 5.74 million. The vacancy rate was 4% compared to 3.8% in May. The number of vacancies increased significantly in the private sector (+417 000), and slightly increased in the government segment (+44 000).
Oil prices fell, despite reports of lower volumes of oil supplies from Saudi Arabia. Saudi Arabia's state-owned oil company Aramco will cut oil supplies to its customers around the world by at least 520,000 barrels a day in September, Reuters sources said.
Most components of the DOW index recorded a decline (21 out of 30). Leader of growth were shares of Apple Inc. (AAPL, + 0.78%). Outsider were shares of International Business Machines Corporation (IBM, -0.96%).
Almost all sectors of the S & P index fell. The largest drop was shown by the sector of basic materials (-0.6%). The conglomerate sector grew most (+ 0.5%).
At closing:
DJIA -0.15% 22,086.15 -32.27
Nasdaq -0.21% 6,370.46 -13.31
S & P -0.24% 2,474.92 -5.99
The Job Openings and Labor Turnover Survey (JOLTS) published by the Labor Department on Tuesday showed the U.S. job openings increased in June from May.
According to the report, employers posted 6.163 million job openings in June, an increase of 461,000 from the May figure of 5.702 million (revised from 5.666 million in original estimate). The job openings rate was 4.0 percent in June, up from 3.8 percent in the prior month.
The report showed that the number of job openings rose for total private (+417,000) and for government (+44,000). Job openings also increased in a number of industries with the largest gains occurring in professional and business services (+179,000), health care and social assistance (+125,000), and construction (+62,000). On the contrary, job openings fell in other services (-62,000).
Meanwhile, hiring dropped by 103,000 to 5.356 million in June from 5.459 million in May. The little number of hires was little changed for total private and for government. The number of hires dropped for educational services (-29,000) but was little changed for all other industries. The hiring rate was 3.7 percent in June, the same as in May.
The separation rate in June was at 5.224 million or 3.6 percent, compared to 5.245 million or 3.6 percent in May. Within separations, the quits rate was 2.1 percent (3.134 million), and the layoffs rate was 1.2 percent (1.701 million).
U.S. stock-index futures fell slightly, as investors awaited quarterly results from big retail names to end a largely positive earnings season that helped power a recent record rally. Macy's .M.N, Kohl's (KSS), JC Penney (JCP) are set to post results this week, while Wal-Mart (WMT) and Target (TGT) will report next week.
Global Stocks:
Nikkei 20,055.89 +103.56 +0.52%
Nikkei 19,996.01 -59.88 -0.30%
Hang Seng 27,854.91 +164.55 +0.59%
Shanghai 3,282.95 +3.49 +0.11%
S&P/ASX 5,743.75 -29.80 -0.52%
FTSE 7,527.14 -4.80 -0.06%
CAC 5,199.87 -8.02 -0.15%
DAX 12,209.29 -47.88 -0.39%
Crude $49.36 (-0.06%)
Crude $1,269.50 (+0.38%)
(company / ticker / price / change ($/%) / volume)
ALCOA INC. | AA | 38.5 | 0.51(1.34%) | 68344 |
Amazon.com Inc., NASDAQ | AMZN | 993.75 | 1.48(0.15%) | 13464 |
Apple Inc. | AAPL | 158.55 | -0.26(-0.16%) | 56935 |
Barrick Gold Corporation, NYSE | ABX | 16.7 | 0.13(0.78%) | 89269 |
Boeing Co | BA | 241.98 | 1.75(0.73%) | 923 |
Caterpillar Inc | CAT | 114.85 | 0.14(0.12%) | 3102 |
Cisco Systems Inc | CSCO | 31.79 | -0.05(-0.16%) | 3414 |
Citigroup Inc., NYSE | C | 68.95 | -0.09(-0.13%) | 6325 |
Exxon Mobil Corp | XOM | 80.2 | 0.04(0.05%) | 11124 |
Facebook, Inc. | FB | 172 | 0.02(0.01%) | 59106 |
Ford Motor Co. | F | 10.97 | 0.05(0.46%) | 15294 |
Freeport-McMoRan Copper & Gold Inc., NYSE | FCX | 14.68 | -0.02(-0.14%) | 8800 |
General Electric Co | GE | 25.6 | -0.03(-0.12%) | 8169 |
General Motors Company, NYSE | GM | 35.37 | 0.07(0.20%) | 623 |
Goldman Sachs | GS | 232.74 | -0.18(-0.08%) | 1753 |
Google Inc. | GOOG | 928 | -1.36(-0.15%) | 1584 |
Home Depot Inc | HD | 153.85 | 0.50(0.33%) | 554 |
Intel Corp | INTC | 36.44 | 0.01(0.03%) | 3312 |
International Business Machines Co... | IBM | 142.05 | 0.08(0.06%) | 4484 |
JPMorgan Chase and Co | JPM | 93.86 | -0.16(-0.17%) | 8960 |
McDonald's Corp | MCD | 155.5 | 0.53(0.34%) | 1688 |
Microsoft Corp | MSFT | 72.22 | -0.18(-0.25%) | 25213 |
Nike | NKE | 59.91 | 0.12(0.20%) | 850 |
Pfizer Inc | PFE | 33.23 | -0.08(-0.24%) | 226 |
Starbucks Corporation, NASDAQ | SBUX | 55.46 | 0.08(0.14%) | 641 |
Tesla Motors, Inc., NASDAQ | TSLA | 358 | 2.83(0.80%) | 96075 |
Twitter, Inc., NYSE | TWTR | 16.38 | -0.02(-0.12%) | 4372 |
United Technologies Corp | UTX | 119.53 | 1.01(0.85%) | 166 |
Verizon Communications Inc | VZ | 48.85 | -0.01(-0.02%) | 436 |
Visa | V | 101.69 | 0.20(0.20%) | 348 |
Wal-Mart Stores Inc | WMT | 81.4 | 0.12(0.15%) | 4611 |
Yandex N.V., NASDAQ | YNDX | 30.13 | 0.17(0.57%) | 5329 |
Facebook (FB), Alphabet A (GOOGL), Amazon (AMZN) were all resumed with Buy ratings at Mizuho
Twitter (TWTR) resumed with Underperform rating at Mizuho
The UBS reported its Swiss Real Estate Bubble Index, indicating the risks of a real estate bubble forming on the Swiss housing market, came in at 1.38 points in the second quarter. The index thus remained unchanged compared the previous quarter, keeping in "bubble-risk territory."
The UBS noted that improving economic conditions and the slight fall in inflation-adjusted prices for owner-occupied homes helped stabilize imbalances. According to the report, headline index was underpinned by the buy-rent price indicator, which reached another high in the second quarter of 2017. Investment demand for residential real estate also remained high. On the contrary, a dampening effect was created by the relatively moderate increase in outstanding household mortgages against the backdrop of slightly brighter economic conditions.
The report from the Bank of France's showed that French merchandise trade deficit widened to EUR4.7billion in from a downwardly revised EUR4.4 billion in May (originally EUR 4.9 billion). Economists had forecast the gap to increase to EUR5.1 billion.
According to the report, exports reduced by 2.8 percent m-o-m to EUR 39.2 billion, while imports went down by 2.0 percent m-o-m to EUR 43.8 billion.
France's current account deficit increased to EUR2.1 billion in June from EUR1.9 billion in May. Meanwhile, its financial account surplus (not adjusted) expanded to EUR17.0 billion in June from EUR6.7 billion in the previous month.
The Federal Statistical Office (Destatis) reported Tuesday that Germany's trade surplus expanded to EUR22.3 bln in June from an unrevised EUR22 bln in May, but was lower than a surplus of EUR24.5 billion recorded in the same month a year earlier.
According to the report, German exports increased by 0.7 percent y-o-y and imports grew by 3.6 percent y-o-y in June.
On a seasonally adjusted basis, the trade surplus rose to EUR 21.2 billion in June from EUR20.3 billion in May. Exports increased 2.8 percent m-o-m, while imports were down by 4.5 percent m-o-m.
The current account of the balance of payments posted a surplus of EUR23.6 billion in June compared to EUR24 billion in the corresponding period of 2016.
The State Secretariat for Economic Affairs (SECO) revealed Tuesday that Switzerland's seasonally unadjusted unemployment rate remained flat m-o-m at 3.2 percent in July.
On an adjusted basis, the unemployment rate also stood at 3 percent, unchanged from a month ago. Economists had forecast the reading to stay at 3 percent. The jobless rate remained at its lowest since October 2014.
According to the report, the number of unemployed rose by 323 persons m-o-m to 133,926 at the end of July.
Federal Reserve Bank of St. Louis President James Bullard said Monday at an event in Nashville he saw no need the Fed to raise interest rates in near term. "Recent inflation data have surprised to the downside and call into question the idea that U.S. inflation is reliably returning toward target," Bullard said.
Given the weak inflation data and the fact the U.S. economy continues to be in a low growth, "The current level of the policy rate is likely to remain appropriate over the near term," he added.
Mr. Bullard also noted he did not think that tighter labor market would move inflation up much. "Even if the U.S. unemployment rate declines substantially further," he said, "the effects on U.S. inflation are likely to be small".
According to him, weak global commodity prices had probably contributed to unexpectedly low inflation. "Crude oil prices, in particular, tend to influence the headline inflation rate," he noted.
The Cabinet Office announced Tuesday that Japan Eco Watchers' index for current conditions slid 0.3 points to 49.7 in July (on a seasonally adjusted basis). The reading for the previous month was unrevised at 50. Economists had expected the index to edge down to 49.8. Meanwhile, the outlook index went down to 50.3 in July from 50.5 in June. Any reading above 50 indicates optimism and a reading below 50 suggests pessimism.
The report from the National Bureau of Statistics of China revealed Tuesday the Chinese trade surplus expanded in July from June but narrowed compared with a year-ago surplus.
According to the report, China's exports surged 7.2 percent y-o-y in July to $200.89 billion compared to an 11.3 percent increase in the prior month and economists' forecast of a 10.9 percent growth.
Meanwhile, the country's imports rose 11.0 percent y-o-y last month to $146.58 billion after a 17.2 percent climb in June, while economists had forecast a 16.6 percent gain.
Those trade flows produced a trade surplus of $46.74 billion in July, compared to a surplus of $42.75 billion in June and $48.61billion in June 2016. Economists had expected a surplus of $46.08 billion in July.
The National Australia Bank (NAB) reported its business confidence index climbed 4 points m-o-m to +12 index points in July, well above the long-run average of +6. A reading above zero signals an improvement in business confidence, and a reading below zero indicates a deterioration.
At the same time, the NAB's business conditions index rose 1 point m-o-m to +15 last month, which was the highest level since early 2008 and well above the long-run average of +5.
By component, there was an increase in profitability (+18; +4 points m-o-m) in July, but employment conditions (+7) were unchanged, and trading (+20; -1 point m-o-m) was slightly lower, albeit still at very high levels.
Alan Oster, the NAB's Chief economist, noted, "The persistent strength in employment conditions has made us a little more optimistic about the near-term outlook for the labour market. That said, there are still longer-term challenges to domestic demand, which will have implications for the labour market, while the ABS underemployment rate is also suggesting that there is still a fair degree of slack in the labour market".
Other leading indicators in the NAB's report were also a little less upbeat, with forward orders (+3; -2 points m-o-m) softening slightly and capacity utilization rates (81.9 percent) unchanged.
Global Stocks
European stocks largely closed flat to lower Monday after the prior week's sizable rally, limited by a downbeat reading on German industrial output and tumbles for Paddy Power Betfair PLC and PostNL NV. The Stoxx Europe 600 SXXP, -0.14% edged down by 0.1% to finish at 382.01. That's after the benchmark on Friday gained 1% for its biggest percentage rise in three weeks, with analysts pinning the jump on an encouraging U.S. jobs report. The gauge tacked on 1.1% last week.
U.S. stocks closed higher on Monday, with the S&P 500 ending at a record and the Dow extending its streak of such closing highs to nine. The day's gains were modest but broad-based. Eight of the 11 primary S&P 500 sectors ended higher on the day, with consumer staples and technology shares leading on the day. Tech was supported by a broad rally in semiconductor stocks.
Asian shares went flat on Tuesday as disappointing Chinese trade data clouded the otherwise upbeat outlook on global growth, leaving currencies and commodities becalmed in summer doldrums. MSCI's
Japan's Ministry of Finance (MoF) announced Tuesday that the country's current account surplus stood at JPY935 billion in June compared to the JPY1,653.9-billion surplus in May and JPY976.5-billion surplus in the same month a year ago. That was the lowest current account surplus since January 2017. Economists had forecast for a surplus of JPY860.5 billion.
According to the MoF's report, Japan's goods trade surplus amounted JPY518.5 billion compared to a JPY 115.1-billion deficit in the previous month and a surplus of 762.5 billion in June 2016. Goods exports rose 9 percent y-o-y, while imports surged 15.1 percent y-o-y.
The services account showed a deficit of JPY 49.9 billion in June compared to a surplus of JPY 42.1 billion in May and a deficit of JPY 158.1 billion in June 2016.
Meanwhile, the capital account posted a deficit of JPY14.5 billion, while the financial account recorded a surplus of JPY1,343.7 billion.
In the January-June period, Japan's current account surplus was JPY10.510 trillion, +0.3 percent y-o-y.
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