July Daily Review - 17/07

 

1. The Nasdaq composite index opened at a record high on Friday after strong quarterly results from Google (O:GOOGL), while Boeing (N:BA) kept the Dow in the red.

2. The dollar moved higher against a basket of other major currencies on Friday, after the release of upbeat U.S. inflation and housing data added to expectations for a rate hike in the near future.

3. Crude oil futures were little changed on Friday, hovering close to four-month lows as the stronger dollar coupled with concerns over a global supply glut continued to weigh on the commodity.

4. Boeing Co (N:BA) on Friday said it will take a $536 million after-tax charge in its second-quarter results to deal with deficiencies in the fuel system on the KC-46 aerial refueling tanker it is developing for the U.S. Air Force.

5. Gold prices held steady at eight-month lows in European morning hours on Friday, as the stronger dollar and increased risk-appetite following positive news from Greece weighed heavily on the precious metal.

 

 

 

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