The Day AheadMacro Data:
US June factory orders fell 9.3% due to a big drop in aircraft orders. Excluding transport, orders rose 0.2%, but core capital goods fell 0.7%, pointing to weaker business investment. Manufacturing PMI stayed in contraction for a 4th month.
Japan July monetary base fell 3.9% y/y, showing reduced liquidity despite steady interest rates.
Switzerland July CPI was flat, with annual inflation at just 0.1%, staying very low.
Earnings:
Palantir expected strong revenue growth (~+38% YoY) from government and commercial AI work, but valuation is high.
Vertex seen with steady sales and profits from its drug portfolio.
MercadoLibre expected ~28–29% YoY revenue growth from e-commerce and fintech.
Williams Cos forecast stable earnings from energy infrastructure.
Mitsubishi UFJ reports later this week.
Conclusion:
US data points to slowing manufacturing and business investment.
Japan’s monetary base drop signals gradual tightening.
Switzerland’s inflation is very subdued.
Earnings focus is on high-growth names like Palantir and MercadoLibre—markets will watch if results can justify rich valuations.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
