Market moving daily news roundup – events & news likely to move markets 30th July 2019
Company performance, economic and political events but especially market sentiment will always influence market movement, good or bad.
Market moving news roundup, 30th July 2019
Summary
U.S. – China talks resume
U.S. – China talks due to resume today as U.S. delegation meet counterparts in China. Investor focus is again on U.S. Federal Reserve interest rate decision due tomorrow 31st July 2019. Asian markets slip.
Sterling slides again. Uber, Centrica, Greggs, BP & SONY report
Sterling continues to struggle. Uber reported to be reducing marketing staff. Centrica shares drop as dividend is cut. Centrica shares fall to: 74.90 on 30th July 2019 at: 13:45 BST – down 16pts. Profits up at Greggs bakery.
BP profit for Q2 unchanged from previous year on lower oil prices. Sony reports a good first quarter.
Reckitt Benckiser, Huawei & CYBG bank
Reckitt Benckiser – cut sales growth forecast for the year after weaker trading results to June. Huawei reported rise in sales despite backdrop of U.S. trading restrictions. CYBG – the Clydesdale and Yorkshire bank shares fall after trade update.
Market sentiment – DAX down
EU and UK economic sentiment slips. President Trump tweets about China/U.S. deal… tweet knocks market sentiment. DAX down over 280 pts as at: 14:10 30th July 2019 – that’s nearly a 2.5% fall!
U.S. Commerce Department – consumer spending increased by 0.3% in June 2019 – represents more than two-thirds of U.S. economic activity. Trump again urges Fed to cut interest rates.
Capitol One bank hacked!
A woman has been arrested after a data breach at Capital One bank – believed to be one of the largest in banking history!
Barcodes in the Uk
Barcodes in UK – 40 years old today. Invented in the U.S. in 1951 and adopted in the UK in late 1970’s Do you think it will catch on?