18.07.2024 +++ Netflix quarterly figures +++ ECB interest rate decision today +++ VW builds new e-car for China +++ Biden criticizes chip exports to China +++ Novartis raises profit forecast +++ J&J quarterly figures +++ (Update 14:55)
The ECB leaves the key interest rate at 4.25 percent as expected.
The ECB leaves the deposit rate at 3.75 percent as expected.
The ECB leaves the marginal lending rate at 4.5 percent as expected.
ECB: Most inflation indicators remained unchanged or fell slightly in June.
Europe's largest car manufacturer Volkswagen $VOW (+1.96%) launches a new electric brand for China. Under the new sub-brand ID. Unyx sub-brand, the first car will be launched on the market this summer, said a spokesperson at the world premiere of the first model in Anhui, where it will be produced. Four more are to follow by 2026.
Johnson & Johnson $JNJ (+0.03%) exceeds analysts' estimates of $2.72 in the second quarter with earnings per share of $2.82. Sales of $22.45 billion exceed expectations of $22.34 billion.
The shares of Nvidia $NVDA (+2.01%) fell by 4% and the shares of ASML ADRs $ASML (-2.17%) fell by almost 8% following a Bloomberg report that the Biden administration is considering taking action against companies that export their critical chip manufacturing equipment to China.
The Swiss pharmaceutical company Novartis $NOVN (-0.1%) has once again raised its profit forecast thanks to good business performance. As the company announced on Thursday, sales in the second quarter amounted to 12.5 billion US dollars. This corresponds to an increase of 9 percent compared to the same period last year. At constant exchange rates, growth amounted to 11 percent. In operating terms, Novartis earned USD 4.0 billion (+43 percent) in the second quarter. The bottom line was a net profit of USD 3.2 billion, compared with USD 2.3 billion in the prior-year period. The increase was mainly due to higher net sales and lower impairments, the statement added
Thursday: Stock market dates, economic data, quarterly figures
Quarterly figures / Company dates USA / Asia
07:30 Taiwan Semiconductor Manufacturing quarterly figures
13:30 Abbott Laboratories quarterly figures
22:00 Netflix quarterly figures
No time specified: KeyCorp | Blackstone Quarterly figures
Quarterly figures / Company dates Europe
07:00 ABB Quarterly figures
07:00 Nokia quarterly figures
07:00 Novartis quarterly figures
07:00 Volvo Car Corp Quarterly figures
07:00 Volvo AB Quarterly figures
10:00 Südzucker AGM
Untimed: Bawag Group quarterly figures
Economic data
- 08:00 EU: Acea, New Car Registrations, June | Building Permits May
- 08:00 UK: Labor market data June unemployment rate 3 months (ILO) FORECAST: 4.4% previous: 4.4%
- 14:15 EU: ECB, outcome of the Governing Council meeting Deposit rate FORECAST: 3.75% previously: 3.75%
- 14:30 US: Initial jobless claims (week) FORECAST: 229,000 previously: 222,000
- 14:30 US: Philadelphia Fed Index July FORECAST: 2.9 previously: 1.3
- 14:45 EU: ECB, press conference after council meeting
- 16:00 US: Leading Indicators Index June FORECAST: -0.3% yoy previous: -0.5% yoy
