Daily Report 13.07.2022
Objavljeno: 13. 07. 2022

Dow drops more than 100 points, stocks fall ahead of key inflation report; European stocks close higher as euro hovers close to dollar parity 
U.S. stocks tumbled on Tuesday as worries over global economic growth dented investor appetite for risk assets and Wall Street braced for June inflation data. 
The Dow Jones Industrial Average dropped 192.51 points, or 0.62%, to 30,981.33, while the S&P 500 slid 0.92% to 3,818.80. The Nasdaq Composite fell 0.95% to settle at 11,264.73. 
PepsiCo kicked off the corporate earnings season on Tuesday, reporting a better-than-expected quarterly profit and revenue and raising its revenue outlook for the year. Delta Air Lines and JPMorgan Chase are among the companies slated to report later this week. 
Market participants are keeping a close eye on downside risk to earnings forecasts as companies grapple with rising interest rates and greater inflationary pressures, and Wall Street debates the likelihood of a recession. 


European stocks closed higher on Tuesday, reversing earlier losses as market participants closely monitored the euro and economic data. 
The pan-European Stoxx 600 index provisionally ended up 0.4%, with most sectors and major bourses in positive territory. 
France’s EDF was among the top performers on the index. Shares of the Paris-listed stock rose over 6% after two sources told Reuters that the French government was poised to pay more than 8 billion euros ($8 billion) to bring the power giant back under full state control. 
Source: CNBC, Investing.com