It was a mixed month for world equity markets, with net monthly changes ranging from +8.6% (India), +6.7% (USA), +6.6% (Australia), +5.5% (Germany), +5.3% (Japan), +4.7% (Brazil, +2.3% (South Africa), -4.3% (China), -7.8% (Hong Kong), to -16.0% (Russia).
Lets take our regular look at ten of the world equity markets.
USA - Dow
Germany – DAX
Japan – Nikkei
Brazil – Bovespa
Russia - RTSI
India – SENSEX
China – Shanghai comp'
South Africa – Dow
Hong Kong – Hang Seng
Australia – AORD
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Summary
Seven world equity markets were net higher for July, with three net lower.
India was the strongest market, whilst Russia was the weakest.
Nine world equity markets are trading under their respective monthly 10MA, the exception is Japan.
All ten world equity markets have negative monthly momentum, and are thus to be seen as m/t bearish.
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Looking ahead
Earnings:
M - ON, DVN, RIG, FANG, PINS, ATVI, MOS, CF, CAR
T - UBER, CAT, BP, MPC, JBLU, RACE, AMD, PYPL, OXY, SOFI, ABNB, SBUX, LTHM, GILD
W - UAA, MRNA, CVS, EPD, GNRC, MRO, APA, CPE, ET, MELI, LCID, HOOD, FORT, BKNG, ALB
T - BABA, K, CROX, DDOG, COP, PARA, LLY, LNG, PENN, AMC, SQ, WBD, FUBO, EOG, TWLO, CVNA, SBLK,SWN, NET
F - DKNG, CGC, WDC, GT, CNK
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Econ-data:
M - PMI/ISM manu', construction
T - JOLTS
W - PMI/ISM serv' factory orders, EIA Pet', OPEC meeting
T - Weekly jobs, intl' trade
F - Monthly jobs
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Have a good weekend
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*the next post on this page will likely appear 5pm EST on Monday.
