Financial Markets Today: Quick Take – August 8, 2022

Monday, 8 August 2022, 08:28:00
Equity markets were churned by the July US jobs report on Friday, first falling sharply as treasury yields jolted higher on the day, but later rallying back to close the day only modestly lower. The US yield curve is about 10 basis points from its most dramatic inversion since 1982 as the market eyes an incoming recession despite the strong US jobs data and July ISM Services data last week. This week’s chief data focus is the Wednesday US July CPI data release. What is our trading focus? Nasdaq 100 (USNAS100.I) and S&P 500 (US500.I). US equity markets saw a very choppy session on Friday as interest-rate sensitive growth stocks dipped sharply on the strong July US jobs report. The broader market recovered most of the lost ground intra-day, but performance across themes was very mixed, with our Energy Storage basket the best performer among our “theme baskets”, likely on the passage of the climate bill by the US Senate (more below). Earnings season is winding down for the quarter, but a few prominent names are set to report this week, including Walt Disney on Wednesday.
— SAXO Group

Honda Cars July 2022 Sales Growth – Amaze, City, Jazz, WRV

Tuesday, 2 August 2022, 23:09:19
Honda Cars India Ltd. (HCIL), which sells models such as the Amaze, Jazz, WR-V, City and the City eHEV, has seen domestic sales increase by 12 percent YoY in July 2022. Honda car exports also posted a YoY growth. The company continues to face dire shortage of semiconductor chips which has had an adverse effect on production thus leading to difficulty to keep up with timely supplies. HCIL expects the upcoming fest
— Big News Network

Red Bull and Honda extend F1 technical support deal until 2025

Tuesday, 2 August 2022, 19:11:32
Red Bull have extended their power unit support agreement with Honda until the end of the 2025 season after the Japanese manufacturer”s departure from Formula One, the team said on Tuesday.
— Times LIVE

American Honda July sales down 47% Y/Y

Tuesday, 2 August 2022, 18:59:24
Honda Motors (HMC) reports U.S. sales fell 47.4% Y/Y to 71,235 units in July.Car sales -61.3% Y/Y and trucks sales -38.9% Y/Y for the month.Sales in the Honda division down 46% Y/Y…
— Seeking Alpha

Red Bull extends F1 technical support deal with Honda until 2025

Tuesday, 2 August 2022, 16:46:52
Honda was expected to end its F1 technical support deal with Red Bull in 2023, but the Japanese carmaker has delayed its exit by another two years.
— Independent on Saturday