US stocks trade mostly lower as manufacturing data sparks growth concerns
Monday, 2 August 2021, 22:04:01
Summary List Placement US stocks were lower on Monday after a slowdown in manufacturing sparked fresh growth concerns. The ISM Manufacturing Index fell to 59.5 in July, falling short of economist estimates of 61. Interest rates fell following the data release, with the US 10-Year Treasury yield hitting 1.17%. Sign up here for our daily newsletter, 10 Things Before the Opening Bell . US stocks were lower on Monday after a slowdown in manufacturing sparked fresh growth concerns amid the ongoing economic recovery from COVID-19. The ISM Manufacturing Index fell to 59.5 in July, falling short of economist expectations for a rise to 61, according to Bloomberg. July”s ISM Manufacturing reading represented the lowest since January. It stood at 60.6 in June. A reading above 50 for the ISM Manufacturing Index signals expansion in manufacturing, which represents about 12% of the US economy. The fresh growth scare led to a decline in interest rates, with the 10-Year US Treasury yield falling to 1.
— Business Insider Markets
Top Hong Kong investor claims Chinas crackdown will be better for business
Monday, 2 August 2021, 21:00:00
A top executive at banking giant HSBC has claimed Chinas crackdown on tech companies and society will benefit investors over the long term.
— TheAge
HSBC Profits More Than Double As Spectre Of Bad Debt Recedes
Monday, 2 August 2021, 18:59:37
The banking bounce back has continued with HSBC Holdings plc (LON:HSBA) (NYSE:HSBC) doubling first half pre-tax profits as economies come out of their defensive hiding places, and the spectre of bad debt recedes. Q2 2021 hedge fund letters, conferences and more HSBCs Profit Surges Pre-tax profit for the period rose to $10.8bn, compared to $4.32bn [] The post HSBC Profits More Than Double As Spectre Of Bad Debt Recedes appeared first on ValueWalk .
— ValueWalk
HSBC Holdings plc (HSBC) CEO Noel Quinn on Q2 2021 Results – Earnings Call Transcript
Monday, 2 August 2021, 17:39:04
No summary available.
— Seeking Alpha
HSBC Holdings plc 2021 Q2 – Results – Earnings Call Presentation
Monday, 2 August 2021, 16:20:17
No summary available.
— Seeking Alpha
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