Hello everyone.
Dow Jones, S&P 500 and Nasdaq futures are in moderate plus, Asia and Europe are also in bullish territory. Brent Crude +0.07%—$109.19
✅EVENT:
G7 Summit, the second day (the G7 Summit under the chairmanship of Germany takes place on June 26-28 in Bavaria)
15:30 🇺🇸USD Basic orders for durable goods (m/m) (May)
Economists forecast that new orders for durable industrial goods rose 0.2% from the previous month to $265.8 billion.
17:00 🇺🇸USD Index of unfinished sales in the real estate market (m/m) (May)
The consensus score is 99.3 points, which is approximately equal to April. "The latest contract signings mark six consecutive months of decline and are the slowest pace in almost a decade," NAR Chief Economist Lawrence Yun said.
21:30 🇪🇺EUR ECB President Lagarde will deliver a speech
In the world of🌏:
🇺🇸Northrop ($Northrop Grumman(NOC)$) and Raytheon Technologies (RTX ) have won contracts with the Pentagon to continue developing missiles to intercept hypersonic weapons.
🇨🇳Tesla ($Tesla Motors(TSLA)$) has launched a campaign in China offering ICE car exchange benefits for consumers who place orders between July 1 and December 31 and enter into a car exchange agreement before delivery, the Shanghai Journal reported. The recent introduction of a number of policies to promote the consumption of vehicles powered by new energy sources (NEV) in China has prompted an increasing number of interested customers to visit Tesla stores.
Qurate Retail ( QRTEA) will broadcast the event for virtual investors and hold a question and answer session.
🌙Postmarket Jefferies Financial Group (JEF) and Nike ($Nike(NKE)$) report earnings.Nikea analysts expect Nike to report a 13% decline in arnings per share to 81 cents, with revenue falling 2% to $12.07 billion. Nike's earnings are likely to have been hit by Covid restrictions in China and ongoing supply disruptions. China accounts for 17% of Nike's revenue, second only to the United States with 33%.
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