Morning wrap (23.07.2021)

• US indices finished yesterday's trading higher. Dow Jones gained 0.07%, S&P 500 added 0.20% and Nasdaq moved 0.36% higher. Russell 2000 dropped 1.55%

• Stocks in Asia are trading mixed. S&P/ASX 200 moves flat, Kospi gains slightly while indices from China drop. Japanese stock market was shut for holiday

• DAX futures point to a slightly higher opening of the European session

• Failure of one of Oracle's services led to a massive internet outage yesterday. Over 30,000 websites were down. Issues have been resolved since

• Lockdown in Sydney, Australia's largest city, will be extended beyond July. Restrictions in Seoul, capital city of South Korea, were extended by two weeks

• New Zealand suspended a so-called travel bubble with Australia. People travelling between the two countries will once again need to quarantine themselves

• Preliminary services PMI data from Australia showed a drop from 56.8 to 44.2 in July. Manufacturing PMI dropped from 58.6 to 56.8

• Intel (INTC.US) reported Q2 2021 results. Company reported EPS of $1.28 (exp. $1.06) and revenue of $18.5 billion ($17.8 billion). Intel sees full-year revenue at $73.5 billion and EPS at $4.80

• Twitter (TWTR.US) reported Q2 2021 results as well. Revenue reached $1.19 billion ($1.07 billion) while EPS reached $0.20 (exp. $0.07). Number of monetizable daily active users stood at 206 million and was in-line with expectations. Twitter experienced the fastest revenue growth since 2014

• Bitcoin trades slightly below $33,000 mark

• Precious metals trade mixed - gold and platinum drop while silver and palladium gain. Oil trades lower. Industrial metals gain

• USD, EUR and GBP are the best performing major currencies while CHF and JPY lag the most

S&P 500 (US500) and other US indices dipped yesterday when a massive internet outage occurred. However, issues were resolved quickly and the index began to regain ground. US500 trades around 15 points below its all-time highs. Source: xStation5