Daily Fix: PMI and Growth Spotlight the Upcoming Session

After-Hours After the Noon Crowd

Once the trading floor slid to closed, the real action rolled in from the US after‑hours. A handful of powerhouses—Visa, Texas Instruments, Alphabet, and the ever‑mysterious Tesla—sent ripples through the market.

Tesla: The Tesla Tumble

Fans of the EV pioneer didn’t exactly get the celebration they wanted. The ticker slid 6.4% in the after‑hours, looking a little sad, especially after options prices had the market guessing a ±7.8% swing for the day. A bit of hype turned into a bit of disappointment.

Q2 earnings miss – prime for a dip
Free cash flow lighter than expected
Production & volume guidance fell short of the hype
Gross margin dropped to 14.6% from 16.4%
Price range stuck between $265 and $235 (think of it as a roller coaster’s small dip)

Will Tesla’s price find the same support that was visible on July 12? The after‑hours shake‑down suggests the lower end of the range might now be in play.

Alphabet’s Ups and Downs

Google’s parent trended upward for a moment, climbed roughly 2% on earnings that felt solid, with Q2 profits and operating margins exceeding analyst forecasts. But the market’s mood had changed overnight; selling crept in, and the shares are now 1.6% lower after hours. A classic market swing that leaves traders questioning whether the next move will stay in the green or turn back to the red.

Broader Market Pulse

Major indices held steady. The S&P 500 and NASDAQ 100 futures barely budged after the earnings releases, signaling a mild lull. Despite a strong run by the Russell 2000, the S&P 500 remained flat, hinting at a somewhat soggy start for the Asian markets.

ASX200, Nikkei 225, and Hong Kong HKEIA averages unlikely to move much beyond their current levels.
Overall tapering in the global feed of bulls and bears.

Takeaway

In a nutshell, the trading day after hours was a mix of mild disappointment for big names and a cookie-cutter consistency for the broader market. Investors will watch to see if any new catalysts spark a move or if the markets simply take a short breather.

S&P500 sector leads

Why the ASX200 is Giving Asia a Little Edge

When we look across the Asian markets, the S&P 500’s materials and financials are pulling ahead. That’s no surprise – the ASX200 is heavily weighted in those same sectors, so it’s bound to do a bit better opening than the rest of the region.

Yesterday’s Dance of the Index

Remember the ASX200 frenzy? We hit a peak of 7,993 after just two hours, but then the tide turned. Energy stocks slipped out of favour while materials were left standing still. The whole session felt like a slow wilting of the market’s appetite for oil.

Today’s Forecast: Materials Keep the Beat

Energy’s still facing headwinds, so you can expect blue‑chip changes there.
Materials, on the other hand, are catching the sun – expect a slight uptick.
China’s mood is flat, and that vibes badly even in the flows for China/HK equities, copper and iron‑ore futures.
With big inventories building up, the market’s guess is that the rally will probably be sold off soon.
Crude oil is looking aquiescent: US crude is down 1% from yesterday’s close.

All that means: traders will weave this into the ASX200 opening, expecting a gentle correction, and the big index players will likely see a modest gain that fits with the larger picture.

FX moves vs the JPY on the day

Today’s Market Pulse: JPY Waves, USD Surge, and Bitcoin’s Nerf‑ball Bounce

FX Market Tango

JPY takes the stage: Short positions are getting hammered as the JPY‑funded carry trades snap back hard.
Latam currencies feel the heat: MXNJPY dropped 2%, while NOKJPY got an extra hit thanks to a dip in Brent crude.

USD Swells and Its Sidekicks

EURUSD broke Monday’s low of 1.0873 and is marching toward the 1.0800 landmark. Think of it as a “new high” party for euros.
GBPUSD and AUDUSD are also riding the wave, with AUDUSD eyeing the 0.6600 low-end of its yesterday range.

USDCAD: The Bank of Canada’s Playbook

Pair closed near its highest level since April 16 – and tomorrow’s session will feature the Bank of Canada’s policy decision.
The anticipatory story: If the rates market keeps its 25‑basis‑point cut flag, and signals that more cuts are coming, the CAD could start a real climb.

PMIs: Your Economic Surprise Box

New data from Australia, Japan, Europe, the UK, and the US might shift the dial across the board, especially services.
Europe’s markets are extra sensitive to PMI outcomes – keep a close eye on your EUR‑exposed positions.

Bitcoin: The Roller‑Coaster of Sentiment

Price wove through a 68k peak and dipped to 65,450, giving weak longs a quick flush‑out.
Will we see a sell‑off keep rolling, or will traders jump back in on the long side? That’s the big question.