Analytics, 19 September 2019
Daily comment Sep 20
Daily comment Sep 20
- Wall St opens higher amid easing trade tensions
- Fed’ REPO operations continue
- FB +1.3% after “constructive” meeting with Trump
- GOOG +0.3%, to invest in European data centers
- iPhone 11 sales start today
- Brexit deal is possible by the end of Oct: EC president
- WTI +1.1%
Market movers:
- Facebook (+1.3%): Mark Zuckerberg met with President Trump to discuss “Libra” launching. Trump tweeted “it was a very nice meeting”. (https://on.ft.com/2lWKycF)
- Apple (+0.6%): iPhone 11 sales start today. Investors have already started raising concerns over iPhone upgrade cycle. (https://on.wsj.com/2msDVz9)
- Alphabet (+0.3%): Google will invest $3.3bn to expand its data centers across the Europe. (https://yhoo.it/2lWKklP)
- Walgreens (+1.2%) and FedEx (+0.4%) will collaborate with Alphabet’s Wing in a new drone delivery service. (https://bit.ly/2kHM56h)
- Texas Instruments (-0.7%) raised its quarterly dividend by 17% to $0.9/sh. (https://on.mktw.net/2ms1isA)
Macro:
- It’s the second day of US-China mid-level meetings. The China delegates are planning to visit US farmers next week to evaluate losses caused by the trade war. (https://reut.rs/2koGMbx)
- Fed will inject another $75bn for the 4th day in a row in a move to maintain the fund rate within the target range. (https://on.wsj.com/2kwgtAq)
- EC President Juncker indicated a Brexit deal could be achieved by Oct. 31st. Irish government, however, believes Brexit breakthrough is “not close”. (https://bloom.bg/2kwL8h2)
Commodities:
- WTI (+1.1%): On Middle East geopolitical tensions and supply concerns.
- Saudi’ Aramco showed damages on its second largest oil field Khurais. Company plans to fully restore the facility by the end of Sep. (https://bloom.bg/2lWMIch)
- The US or Saudi strikes on Iran would lead to full-scale war, according to Saudi’s foreign minister. (https://cnn.it/2kSRJT4)
Coming up:
- UK Supreme Court decision over PM Johnson’ actions is expected early next week