Market Update

The data published by the US Census Bureau revealed on Wednesday that the international trade deficit increased by $3 billion in June to $91.2 billion from $88.2 billion in May.

Boeing announced Wednesday, July 28, that it recorded its first quarterly profit in nearly two years, buoyed by an increase in commercial aircraft deliveries after the world’s airlines began to recover from the effects of the pandemic. Boeing recorded a net income of $567 million, with adjusted earnings per share …

Oil prices rose on Wednesday, July 28, after industry data showed inventories of US crude and products fell more than expected last week, fueling speculation that demand will outpace supply growth even as COVID-19 cases grow. Brent crude futures were up 38 cents, or 0.5%, at $ 74.86 a barrel, …

Gold prices rose on Wednesday, drawing support from the decline in stocks and the dollar, but the gains were limited while the market cautiously awaits what the US Federal Reserve’s assessments of inflation and economic growth will reveal. The spot price of gold was up 0.3% at $1804.69 an ounce. …

European shares stabilized on Wednesday, July 28, thanks to encouraging results from some of the continent’s largest banks and companies, overcoming investor fears about a Chinese regulatory crackdown that has worried the market this week. The pan-European STOXX 600 index rose 0.1%, after two sessions of declines. Germany’s Deutsche Bank …

Apple reported strong earnings for the three months ending June 30 and Tuesday, July 27, and each of Apple’s major product lines grew more than 12% year-over-year. Apple sales are up 36% from the June quarter of last year, and iPhone sales are up nearly 50% year over year. Earnings …

The Nikkei index fell to its lowest level in nearly 6 months on Wednesday, July 28, as losses in the US stock market and concerns about the growing cases with the Coronavirus affected sentiment. The Nikkei index fell 1.39% to 27,581.66 points, close to its lowest level in about 6 …

Barclays announced second-quarter earnings on Wednesday, July 28, which amounted to 2.1 billion pounds, or about 2.9 billion dollars, compared to 90 million pounds in the second quarter of 2020. Analysts had expected a reported net profit of £1.7 billion in the three months to the end of June, according …

Deutsche Bank reported a total net profit of 692 million euros, or about $818 million, in the second quarter of this year, more than double what analysts had expected. The bank’s net profit for the second quarter was estimated to be in the region of 328 million euros, according to …

The President of the United States, Joe Biden, has warned on Tuesday that the U.S. could go to an actual war with a major power due to cyberattacks. highlighting what Washington sees as growing threats posed by Russia and China. “I think it is more than likely we are going …