Morning Brew July 31 2023
Erik Schafhauser
Senior Relationship Manager
Summary: Busy wek ahead
Dear All,
We certainly had an interesting week I was off, Equities, US Yields as well as the USD trading higher. Last week the Nasdaq gained 2.02%, the S&P rose 1.%, and the Dow gained 0.66%. GER40 is near the all time high at 16450.
The USD Index rose to 101.80, EURUSD 1.10 and GBPUSD 1.2850, the Yen is week at 141.80 and EURCHF is trading below 0.96 at 0.9594.
Gold and Silver remain under pressure at 1954 and 24.25.
We are heading into a busy week with many earnings-releases and economic Data – the Chinese manufacturing PMI came below the important 50 again raising hopes or stimulus measures. Key today will be the EU HICP at 11:00 expected at 5.3%. We are also expecting some Month end moves and a good deal of expiries below
Tomorrow is a Swiss national Holiday and we will not be available in Zurich, in terms of data, PMI throughout the day and earnings will be watched carefully.
Monday July 31
Data: CH Official reserve Assets, IT GDP, EU GDP & HICP,
Earnings:SoFi, Immungen, Transocean, Rambus, Yum
Tuesday August 1
Swiss National Holiday
Data: JP Unemployment, International PMI.
Earnings:Norwegian, Uber, Pfizer, Caterpillar, Merck, AMD, Starbucks, Pinterest,
Wednesday August 2nd
Data: Nothing Key
Earnings:CVS Health, Humana, Kraft Heinz, teva. Paypal, Shopify, Qualcomm, Oxy, Robinhood, Etsy
Thursday August 3rd
Data: AU Retail Trade, Bank of England Rate decision, International Services PMI,
Earnings: Warner Bros, Wayfair, Conocophilips. Expedia,. Moderna, Hasbro, Amazon, Apple, Coinbase, AirBNB, Cloudflare,
Friday August 4th
Data: DE, Industrial Orders, Consumer goods, UK PMI, US Nonfarm Paytrolls
Earnings:Nikola, Fisker, Enbridge,
Expiries
Physically Settled Futures
- EMAQ3 will expire 31 Jul at 13:00 GMT
- GCQ3 will expire 31 Jul at 15:00 GMT
- MGCQ3 will expire 31 Jul at 15:00 GMT
- STFQ3 will expire 31 Jul at 02:00 GMT
- XKQ3 will expire 31 Jul at 15:00 GMT
- ZLQ3 will expire 31 Jul at 15:00 GMT
- ZMQ3 will expire 31 Jul at 15:00 GMT
- ZSQ3 will expire 31 Jul at 15:00 GMT
- HOQ3 will expire 31 Jul at 15:00 GMT
- RBQ3 will expire 31 Jul at 15:00 GMT
- LEQ3 will expire 04 Aug at 15:00 GMT
- FPQ3 will expire 09 Aug at 15:00 GMT
Expiring CFDs
- OILUKSEP23 will expire 31 Jul 2023 at 15:00 GMT
- LIVECATTILEAUG23 will expire 03 Aug 2023 at 15:00 GMT
- GASOILUKAUG23 will expire 08 Aug 2023 at 15:00 GMT