3 things investors need to know from last week!
Stock futures droop amid mixed earnings after blazing July:?Stock futures had a lazy start to August, pulling back from a July rally amid a flurry of mixed earnings.?Futures on the S&P 500 (^GSPC) dropped 0.3%, while those on the Dow Jones Industrial Average (^DJI) lost 0.1%. The tech-heavy Nasdaq Composite (^IXIC) slumped 0.5% before the open.?A plethora of earnings added mixed sentiments to what has been a bullish mood for most of 2023 so far.
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Source: Yahoo Finance
?Europe Returns to Timid Growth, but Bigger Headwinds Loom:?As the European economy with the greatest reliance on exports to China, Germany might be the most vulnerable.?Rising borrowing costs and?stagnating Chinese demand?for European goods could pave the way for another miserable economic winter for the eurozone this year.?
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Source: Yahoo Finance
?China’s Economic Recovery Weakens:?China’s economic activity lost more steam in July with manufacturing contracting again and the services sector weakening, as Beijing promises small measures of support to boost consumption.?The?official manufacturing purchasing managers’ index?rose slightly to 49.3, beating economists’ estimates but still remaining below the 50 mark that separates expansion from contraction.?
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Source: Yahoo Finance