Erik Schafhauser Zürich

Morning Brew July 27 2021

Morning Brew 1 minute to read
Erik
Erik Schafhauser

Senior Relationship Manager

Good Morning,

In a rather quiet session US Equities closed at highs yesterday and fall minutely overnight, so a similar picture to the one we saw yesterday. Asian Equities remain under pressure and the 300 Chinese Blue Chips fell to the lowest level of the year – a rather conflicting picture.

Chinese stocks listed in the US have lost $200 billion in combined market capitalization in the past two sessions.

Tesla, as the first key companies to report this week came strong, generating 1.14 bio in profit in Q2, stocks can rise 1% after market as Elon Musk stresses the chip shortage may hurt sales.

New Chief Risk Officer for Credit Suisse will be Credit Suisse Tuesday appointed Goldman Sachs' David Wildermuth

Today key earnings come from: United Parcel Service, Advanced Micro Devices, Microsoft, Apple, Starbucks,  Alphabet, Visa

Tomorrow: BASF, Banco Santander, GlaxoSmithKline, Ford, Facebook, Shopify, Pfizer, Boeing, McDonalds, Bristol.-Myers, CME

Bitcoin is looking at a volatile session. Currently trading almost 10% off the low. Amazon had refuted a report  it would accept Bitcoin this year.

FX and the USD Index were fairly quiet and are looking to the FOMC tomorrow for signals, Gold and Silver trade lower at 1795 and 25.20, EURUSD trades at 1.1797 and Cable at 1.3820.

Besides Earnings, watch out for the US Durable goods orders and US Consumer confidence at 14:30 and 16:00 CET.

Local Date

Local Time

Country/Region

Indicator Name

Period

Reuters Poll

27 Jul 2021

14:30

United States

Durable Goods

Jun

2.1%

27 Jul 2021

16:00

United States

Consumer Confidence

Jul

125.8

28 Jul 2021

03:30

Australia

CPI QQ

Q2

0.7%

28 Jul 2021

03:30

Australia

CPI YY

Q2

3.8%

28 Jul 2021

03:30

Australia

RBA Weightd Medn CPI QQ

Q2

0.5%

28 Jul 2021

03:30

Australia

RBA Weightd Medn CPI YY

Q2

1.7%

28 Jul 2021

03:30

Australia

RBA Trimmed Mean CPI QQ

Q2

0.5%

28 Jul 2021

03:30

Australia

RBA Trimmed Mean CPI YY

Q2

1.6%

28 Jul 2021

14:30

Canada

CPI BoC Core YY

Jun

28 Jul 2021

14:30

Canada

CPI BoC Core MM

Jun

28 Jul 2021

20:00

United States

Fed Funds Tgt Rate

28 Jul

0-0.25

28 Jul 2021

20:00

United States

Fed Int On Excess Reserves

28 Jul

29 Jul 2021

08:00

United Kingdom

Nationwide house price mm

Jul

29 Jul 2021

08:00

United Kingdom

Nationwide house price yy

Jul

29 Jul 2021

09:30

Sweden

GDP QQ Prelim

Q2

29 Jul 2021

09:30

Sweden

GDP YY Prelim

Q2

29 Jul 2021

09:55

Germany

Unemployment Chg SA

Jul

29 Jul 2021

09:55

Germany

Unemployment Rate SA

Jul

5.8%

29 Jul 2021

11:00

Euro Zone

Consumer Confid. Final

Jul

29 Jul 2021

13:00

Brazil

IGP-M Inflation Index

Jul

29 Jul 2021

14:00

Germany

CPI Prelim YY

Jul

3.2%

29 Jul 2021

14:00

Germany

HICP Prelim YY

Jul

3.0%

29 Jul 2021

14:30

United States

GDP Advance

Q2

8.0%

29 Jul 2021

14:30

United States

Initial Jobless Clm

19 Jul, w/e

30 Jul 2021

01:30

Japan

Jobs/Applicants Ratio

Jun

1.10

30 Jul 2021

01:30

Japan

Unemployment Rate

Jun

3.0%

30 Jul 2021

01:50

Japan

Industrial O/P Prelim MM SA

Jun

5.0%

30 Jul 2021

07:30

France

GDP Preliminary QQ

Q2

0.8%

30 Jul 2021

08:00

Germany

GDP Flash QQ SA

Q2

2.1%

30 Jul 2021

08:00

Germany

GDP Flash YY NSA

Q2

10.0%

30 Jul 2021

08:00

Denmark

Unemployment Rate

Jun

30 Jul 2021

08:45

France

CPI (EU Norm) Prelim YY

Jul

30 Jul 2021

09:00

Spain

Estimated GDP QQ

Q2

2.1%

30 Jul 2021

09:00

Switzerland

KOF Indicator

Jul

30 Jul 2021

09:00

Switzerland

Official Reserves Assets CHF

Jun

30 Jul 2021

09:00

Austria

GDP Growth QQ Prelim

Q2

30 Jul 2021

10:00

Italy

GDP Prelim QQ

Q2

1.3%

30 Jul 2021

10:00

Italy

GDP Prelim YY

Q2

15.8%

30 Jul 2021

11:00

Italy

CPI (EU Norm) Prelim MM

Jul

30 Jul 2021

11:00

Italy

CPI (EU Norm) Prelim YY

Jul

30 Jul 2021

11:00

Euro Zone

HICP Flash YY

Jul

2.0%

30 Jul 2021

11:00

Euro Zone

HICP-X F&E Flash YY

Jul

0.9%

30 Jul 2021

11:00

Euro Zone

GDP Flash Prelim YY

Q2

13.2%

30 Jul 2021

11:00

Euro Zone

GDP Flash Prelim QQ

Q2

1.5%

30 Jul 2021

11:00

Euro Zone

Unemployment Rate

Jun

7.9%

30 Jul 2021

12:00

Italy

CPI (EU Norm) Prelim MM

Jul

30 Jul 2021

12:00

Italy

CPI (EU Norm) Prelim YY

Jul

30 Jul 2021

14:30

United States

Consumption, Adjusted MM

Jun

0.5%

30 Jul 2021

14:30

Canada

GDP MM

May

30 Jul 2021

16:00

United States

U Mich Sentiment Final

Jul

81.3

(Refinitiv)

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