A mixed fashion in Europe after the book of UK inflation records

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12:05

A combined trend in Europe. The Kak and Dax indices sign in mild increases, even as the Potsi decreases by approximately zero.1%. In futures buying and selling on US stock market indices, slight will increase are actually being recorded.

Macro Europe: Growth within the Eurozone stood at an annual rate of 0.6% inside the second area, in line with economists’ expectations.

The Chinese employer Tencent mentioned these days sales of approximately $20.5 billion inside the 2d quarter, approximately 2% lower than predicted. The organisation’s earnings amounted to about three.6 billion greenbacks, 25% decrease than predicted.

10:15

The trading day in Europe opened with moderate declines. Trading in futures contracts on US stock market indices now shows balance with an upward fashion.

Almost a year and a half has passed because it became known that the American chip large Intel buy the Tower the Israeli one, consistent with a cost of 5.4 billion greenbacks. The closing date for completing the transaction expired last night (Tuesday) and now Intel has formally announced the cancellation of the transaction for the acquisition of Tower. According to the file, the cancellation is due to the lack of ability of the organizations to obtain the regulatory approvals to complete the transaction on time. Intel additionally said that during accordance with the authentic settlement, it'd pay Tower a first-rate of $353 million.

Russell Ellwanger, CEO of Tower, said: “We admire the efforts made via all parties to try to get this deal performed. Over the beyond 18 months, we've endured to make great technological, operational and business development. We are in an extraordinary role to keep to pressure the achievement of our strategic and tactical desires for the short, medium and long time, whilst focusing on persisted growth within the pinnacle and bottom traces of our monetary effects.”

09:02

UK Macro: The Consumer Price Index inside the UK recorded a zero.Four% lower in July in comparison to an predicted decrease of 0.Five%. The index registered an annual increase of 6.Eight%, in accordance with economists’ expectations, and compared to an boom of seven.9% in June. The center index registered an increase of zero.Three% as compared to expectancies for an growth of 0.2% and within the final one year an growth of 6.9%, compared to economists’ expectancies for an increase of 6.Eight%.

In Tokyo, trading closed with a 1.Five% drop within the Nikkei index.

07:55

Asian stock markets are trading in a terrible trend nowadays, after some other day of declines in New York ultimate night. In Tokyo, the Nikkei index fell by about 1.3%, in Hong Kong the Hang Seng index fell by means of approximately 1.Four% and the Kospi index retreated by using approximately 1.6%.

Trading in futures contracts on US stock marketplace indices is now stable. Last night, the primary indices on Wall Street closed with price decreases. The Nasdaq index and the S&P 500 each fell through about 1.1%. The Dow Jones misplaced approximately 1% of its cost. Energy shares led the bad fashion and fell by using greater than 2% following the sharp declines in oil fees.

In the macro area, these days the inflation records for the month of July could be published in Great Britain (at 9:00 a.M. Israel time), and inside the United States (9:00 p.M. Israel time) the mins from the trendy “Open Markets Committee” meeting of the Federal Reserve will be published.

In the commodity marketplace, oil agreement charges are actually registering mild declines. The fee of a barrel of Brent traded round $eighty four.6, and the charge of a barrel of WTI stood at $eighty.8.

In the trading of US authorities bonds, the yields continued to climb yesterday and now moderate decreases are recorded. The 10-yr bond yield is set 4.2% and the two-year bond yield is about four.Ninety seven%.

Inventory Tower may additionally fall on Wall Street. Almost a yr and a half has handed since it became recognized that the American chip giant Intel would purchase Tower, according to a price of five.4 billion bucks. The deadline for completing the deal expired ultimate night time (Tuesday) and in step with reports within the world Intel is predicted to withdraw from the deal after now not receiving the approvals of the Chinese regulators.

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