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EMEA Morning Briefing: Stocks to Rise as Investors Digest Earnings, Pandemic Developments

Provided by Dow Jones MARKET WRAPS Watch For: EuroCOIN indicator of euro area economic activity; Eurozone Services PMI; CIPS/Markit Services PMI; EU Retail trade; updates from Hugo Boss, Schaeffler, Commerzbank, Siemens Energy, Intesa Sanpaolo, Babcock, Taylor Wimpey, Legal & General Group, Wolters Kluwer, Next. Equities: European stocks are set to open higher Wednesday as investors continue to digest earnings and the increase in Delta-variant Covid-19 cases. U.S. stocks advanced broadly Tuesday, bouncing back from earlier losses to bring the S&P 500 to a closing high. A solid earnings season has helped bolster investors optimism that stocks can continue to grind higher following an already strong 2021 rally. Money managers are counting on continued support from central banks and economic data that still shows growth to further support markets.

GBP/USD needs an impulse from moderate US figures and dovish Fed comments to continue advancing

; GBP/USD needs an impulse from moderate US figures and dovish Fed comments to continue advancingNEWS | 8/4/2021 9:39:08 AM GMT | By FXStreet Insights Team GBP/USD has been making its way higher after retreating from the peak earlier on as UK covid cases continue falling. Attack on 1.40 coming? Upbeat UK data supports gains, in the view of FXStreet’s Analyst Yohay Elam. Cable trend is positive “UK COVID-19 cases have extended their decline, and seem to be on the verge of breaking below the 20,000 infections/day barrier. Despite the increase in deaths from the deadly disease, it seems that Britain s reopening had little effect on spreading the virus.” 

North American Morning Briefing: Stock Futures -2-

North American Morning Briefing: Stock Futures -2-
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.

US: Markit Services PMI edged lower to 59 9 in July from 64 6

US: Markit Services PMI edged lower to 59 9 in July from 64 6
fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.

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