Futures Up as Earnings Flood Approaches; Japan Election Weighed
Traduzione effettuata da Deepl pro
Author: Scott Kanowsky
Date: July 21, 2025
Source: Investing.com
1. U.S. Futures Climb Ahead of Earnings Bonanza
As of 03:38 ET (07:38 GMT), U.S. stock futures were slightly up:
Dow Futures: +118 pts (+0.3%)
S&P 500 Futures: +15 pts (+0.2%)
Nasdaq 100 Futures: +61 pts (+0.3%)
Last session saw muted movement:
Dow Jones: -0.3%
S&P 500 and Nasdaq: Flat
Sentiment was weighed by reports that the Trump administration may impose 15–20% tariffs on EU goods, up from 10%.
Consumer sentiment in the U.S. brightened in July, but concerns remain about potential inflation due to tariffs.
2. Verizon Leads Earnings Flood
This week is packed with key earnings:
Monday: Verizon (NYSE: VZ)
Post-market: NXP Semiconductors (NASDAQ: NXPI)
Tuesday: Texas Instruments (TXN), Coca-Cola (KO)
Wednesday: Alphabet (GOOGL), Tesla (TSLA)
Thursday: Intel (INTC), Union Pacific (UNP), Honeywell (HON)
Friday: Phillips 66 (PSX), AutoNation (AN)
So far, ~12% of the S&P 500 has reported:
86% beat EPS forecasts
67% surpassed sales expectations
Investors caution that early strength may raise the bar for future earnings.
3. Japan's Election Sparks Trade Concerns
Japan's ruling coalition, led by PM Shigeru Ishiba, lost its upper house majority (per NHK).
LDP and Komeito failed to reach 125 seats.
Ishiba vows to stay on as PM despite internal pressure and October’s earlier lower house defeat.
The loss threatens ongoing U.S.–Japan trade talks, which Ishiba described as “truly down-to-the-wire.”
4. EU May Retaliate Over U.S. Tariff Plans
EU officials warn of retaliatory steps if talks fail ahead of August 1 tariff deadline.
The U.S. is pushing for more than a 10% baseline tariff.
Germany and France now back a firmer stance.
Possible EU retaliation could target American companies beyond current goods tariffs.
5. China Markets Rally After Rate Hold
CSI 300 and Shanghai Composite: +0.7%
Hang Seng Index: +0.6%
The People’s Bank of China kept loan prime rates at historic lows.
Policy expectations suggest continued monetary stimulus amid weak growth.
AI and tech stocks outperformed:
Nvidia (NVDA) to resume key chip sales in China
Boost for Alibaba (BABA), Baidu (BIDU), and Tencent (NNND)