🔷Tues: Consumer Confidence, JOLTs; $MSFT $AMD $SBUX $PYPL Earnings
🔷Wed: ADP Payrolls, Employment Cost Index, Pending Home Sales; Fed Rate Decision, Powell; $META $ARM $QCOM $BA Earnings
🔷Thurs: Jobless Claims, ISM Mfg. PMI; $AAPL $AMZN $INTC Earnings ⚠️
🔷 Fri: Jobs Report; $XOM $CVX Earnings ⚠️
🔶US stocks were set to extend gains as traders prepared for a raft of economic data releases, US tech earnings and central bank decisions that will be critical in shaping the trajectory of market.
🔶Futures contracts for both the S&P 500 and Nasdaq 100 rose 0.2% on Tuesday, while the dollar and Treasury yields were little changed.
🔶Europe’s Stoxx 600 index advanced 0.5% after the euro-area economy expanded more than expected in the second quarter, easing fears about the pace of an economic recovery.
🔶Later on Tuesday, traders’ focus will turn to a Microsoft Corp.’s earnings release due after the US close to determine whether megacaps can turn the tide after an underwhelming start to the reporting season.
🔶US policymakers are widely expected to keep rates unchanged at a two-decade high. Still, investors expect that officials will signal a move in September as risks grow of imperiling a solid but moderating job market.
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