World shares edge down, US yields fall as markets eye earnings, economic data
Wall Street indexes close lower
U.S. yields fall
Crude prices settle down 2%
Dollar index strengthens
Gold edges up
Updates with U.S. markets close, oil settlement
By Chibuike Oguh
NEW YORK, July 23 (Reuters) -Global stocks edged lower after paring early gains while U.S. bond yields dropped on Tuesday as markets awaited economic data and a plethora of corporate earnings, moving past U.S. President Joe Biden's decision to end his reelection bid.
Alphabet GOOGL.O reported better-than-expected results after the closing bell, while Tesla TSLA.O saw its profit sink 45% on waning electric vehicle demand. Their results kicked off quarterly earnings season for the so-called Magnificent Seven technology megacaps that have driven recent market gains.
The U.S core personal consumption expenditures index, the Federal Reserve's preferred inflation measure, will be released on Friday. The yield on benchmark U.S. 10-year notes US10YT=RR fell 0.9 basis points to 4.251%.
"The market is in the show-me-the-money stage where it's about the earnings being delivered," said Wasif Latif, chief investment officer at Sarmaya Partners.
MSCI's gauge of stocks across the globe .MIWD00000PUS fell 0.06% to 816.37. On Wall Street, all three major indexes pared early sessions gains and finished lower, dragged down by energy and utilities stocks.
The pan-European STOXX 600 index .STOXX gained 0.13%, helped by a technology-related rally. Overnight in Asia, MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS closed 0.30% higher at 566.92.
"We've had a strong run-up so far this year and a lot of the good news up until now is baked in, whether it's earnings related or rate-cut related," Latif added.
U.S. Vice President Kamala Harris will campaign in the battleground state of Wisconsin on Tuesday after securing support from a majority of delegates to the Democratic National Convention, making her the party's presumptive nominee.
The Dow Jones Industrial Average .DJI fell 0.14% to 40,358.09, the S&P 500 .SPX lost 0.16% to 5,555.74 and the Nasdaq Composite .IXIC lost 0.06% to 17,997.35.
The dollar strengthened overall, while the yen rose for a second straight day against the greenback.
The dollar index =USD, which measures the greenback against a basket of currencies, gained 0.14% at 104.45, with the euro EUR= down 0.37% at $1.0849. The yen JPY= strengthened 0.9% against the greenback at 155.63 per dollar.
Crude oil prices fell about 2% to a six-week low on rising expectations of a ceasefire in Gaza and growing concerns about demand in China.
Brent futures LCOc1 1.7% to settle at $81.01 a barrel, while U.S. West Texas Intermediate crude (WTI)CLc1 closed 1.8% lower at $76.96.
Gold prices edged up, with spot gold XAU= added 0.43% to $2,407.87 an ounce. U.S. gold futures GCc1 gained 0.43% to $2,402.40 an ounce.
Bitcoin BTC=, which had risen on bets that a potential Trump administration would take a light-touch approach to cryptocurrency regulation, fell 3.60% at $65,698. Ethereum ETH= declined 0.48% at $3,473.
World FX rates YTD http://tmsnrt.rs/2egbfVh
Global asset performance http://tmsnrt.rs/2yaDPgn
Asian stock markets https://tmsnrt.rs/2zpUAr4
Reporting by Chibuike Oguh in New York; Editing by Chris Reese, Richard Chang and Daniel Wallis
To read Reuters Markets and Finance news, click on https://www.reuters.com/finance/markets For the state of play of Asian stock markets please click on: 0#.INDEXA
Activos relacionados
Últimas noticias
Descargo de responsabilidades: Cada una de las entidades de XM Group proporciona un servicio de solo ejecución y acceso a nuestra plataforma de trading online, permitiendo a una persona ver o usar el contenido disponible en o a través del sitio web, sin intención de cambiarlo ni ampliarlo. Dicho acceso y uso están sujetos en todo momento a: (i) Términos y Condiciones; (ii) Advertencias de riesgo; y (iii) Descargo completo de responsabilidades. Por lo tanto, dicho contenido se proporciona exclusivamente como información general. En particular, por favor tenga en cuenta que, los contenidos de nuestra plataforma de trading online no son ni solicitud ni una oferta para entrar a realizar transacciones en los mercados financieros. Operar en cualquier mercado financiero implica un nivel de riesgo significativo para su capital.
Todo el material publicado en nuestra plataforma de trading online tiene únicamente fines educativos/informativos y no contiene –y no debe considerarse que contenga– asesoramiento ni recomendaciones financieras, tributarias o de inversión, ni un registro de nuestros precios de trading, ni una oferta ni solicitud de transacción con instrumentos financieros ni promociones financieras no solicitadas.
Cualquier contenido de terceros, así como el contenido preparado por XM, como por ejemplo opiniones, noticias, investigaciones, análisis, precios, otras informaciones o enlaces a sitios de terceros que figuran en este sitio web se proporcionan “tal cual”, como comentarios generales del mercado y no constituyen un asesoramiento en materia de inversión. En la medida en que cualquier contenido se interprete como investigación de inversión, usted debe tener en cuenta y aceptar que dicho contenido no fue concebido ni elaborado de acuerdo con los requisitos legales diseñados para promover la independencia en materia de investigación de inversiones y, por tanto, se considera como una comunicación comercial en virtud de las leyes y regulaciones pertinentes. Por favor, asegúrese de haber leído y comprendido nuestro Aviso sobre investigación de inversión no independiente y advertencia de riesgo en relación con la información anterior, al que se puede acceder aquí.
