Stock Market Update
21-Jul-26 09:02 ET
Global markets mostly higher
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +18.00. Nasdaq futures vs fair value: +368.00.
The S&P 500 futures currently trade 18 points above fair value.
Equity indices in the Asia-Pacific region ended Tuesday on a mixed note with South Korea's Kospi (+3.6%) and Japan's Nikkei (+3.3%) showing some strength. Japan's cabinet approved the general economic framework, which prioritizes fiscal sustainability. Chinese memory maker CXMT is aiming for an IPO in Shanghai early next week. China's National Development and Reform Commission called for stronger development of the private economy and the services sector.
- In economic data:
- Hong Kong's June CPI 0.0% m/m (last 0.0%); 2.0% yr/yr (last 2.0%)
- New Zealand's Q2 CPI 1.5% qtr/qtr (expected 1.4%; last 0.9%); 4.1% yr/yr (expected 4.0%: last 3.1%)
---Equity Markets---
- Japan's Nikkei: +3.3%
- Hong Kong's Hang Seng: UNCH
- China's Shanghai Composite: +1.8%
- India's Sensex: -0.3%
- South Korea's Kospi: +3.6%
- Australia's ASX All Ordinaries: UNCH
Major European indices trade in the green. New British Prime Minister Burnham named former defense secretary John Healy as Chancellor, which was a headline surprise, though Gilts have seen limited movement. The latest bank lending survey from the European Central Bank showed tighter access to credit in Q2 due to geopolitical instability with additional tightening expected in Q3.
- In economic data:
- Eurozone's July ZEW Economic Sentiment 23.4 (expected 11.2; last 9.5)
- Germany's July ZEW Economic Sentiment 26.3 (expected 15.1; last 10.5) and ZEW Current Conditions -77.6 (expected -77.8; last -81.0)
- U.K.'s May three-month employment change 147,000 (expected 85,000; last 100,000), May Claimant Count Change 6,700 (expected 29,400; last 1,300). May Average Earnings Index + Bonus 4.3% yr/yr (expected 4.5%; last 4.4%). May Unemployment Rate 4.9%, as expected (last 4.9%)
- Spain's May trade deficit EUR8.24 bln (last deficit of EUR5.20 bln)
- Swiss June trade surplus CHF5.224 bln (last surplus of CHF5.989 bln)
---Equity Markets---
- STOXX Europe 600: +0.3%
- Germany's DAX: +0.1%
- U.K.'s FTSE 100: +0.2%
- France's CAC 40: flat
- Italy's FTSE MIB: +0.5%
- Spain's IBEX 35: +0.6%
