Difference between revisions of "US STOCKS-Futures Fall With Investors Wary Ahead Of Earnings"

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<br>The report, which signaled a still strong labor market helped alleviate some fears about an immediate recession, but added to worries about more aggressive monetary policy tightening by the Fed to stamp out soaring inflation.<br><br>July 11 (Reuters) - U.S. stock index futures fell on Monday, bracing for the start of the earnings season which could see profits come under pressure at a time of growing fears of an economic downturn due to aggressive interest rate hikes.<br><br>In the lawsuit, which The Star wants either dismissed or stayed, Kim Huyen Tran Nguyen has accused the casino of banning her and withdrawing her membership for no reason and making misleading statements to the police.<br><br>"With the economy and borders opening up, Okada Manila is expected to sustain the momentum," current management said in the statement as it held its first news conference since it took physical control of the casino on May 31.<br><br>Foot traffic in June climbed 8% from a month earlier and was around 74% of its pre-pandemic level, it said in a statement, also saying that the casino planned to open more shops and add entertainment attractions.<br><br>In Queensland, Star owns and operates the Treasury Brisbane and The Star Gold Coast casinos, and is building a $3.6 billion Queen's Wharf resort development in Brisbane, which is expected to open in 2023.<br><br>While the government has not imposed the type of citywide lockdown seen in mainland Chinese cities, Macau is effectively closed with most facilities shut. Residents have been asked to stay home and restaurants are only providing takeaway. Residents thronged to food markets and grocery stores on Thursday, spooked that the city would be fully locked down. The government denied the rumours and urged the public not to panic and hoard food, according to local broadcaster TDM.<br>After a dismal first half of the year, U.S.<br>stocks started July on an upbeat note, however, market participants fear that upcoming quarterly results could trigger another selloff, with earnings potentially falling short of estimates.<br><br>HONG KONG, July 8 (Reuters) - Macau authorities have added two hotels in popular casino resorts to be used as COVID-19 medical facilities from Friday as they try to ramp up capacity to handle a surge of infections in the world's biggest gambling hub.<br><br>HONG KONG, July 11 (Reuters) - Macau shut all its casinos for the first time in more than two years on Monday as authorities struggle to contain the worst coronavirus outbreak yet in the world's biggest gambling hub.<br><br>Filipino associates of Japanese tycoon Kazuo Okada seized the $3.3 billion casino, which is held by Tiger Resort, Leisure & Entertainment, ousting its previous management with the help of private security guards and local police.<br><br>The 44-hectare (108-acre) Okada Manila started operations late in 2016. With 993 suites and villas, 500 table games and 3,000 electronic gaming machines, it is the biggest of four multi-billion dollar casino-resorts operating in the capital of the Philippines, which has one of Asia's most freewheeling gaming industries.<br><br>casino operators Las Vegas Sands, Wynn Resorts and Melco Resorts fell between 4.6% and 5.7% after Macau shut all its casinos for the first time in more than two years in a bid to contain the spread of COVID-19. (Reporting by Amruta Khandekar in Bengaluru; Editing by Shounak Dasgupta)<br><br>The government has been hesitant to close casinos due to its mandate to protect jobs.<br>The industry employs most of the population directly and indirectly and accounts for more than 80% of government revenues.<br><br>The city's more than 30 casinos, along with other non-essential businesses will shut for one week and people were ordered to stay at home.<br>Police will monitor flows of people outside and stringent punishments will be imposed for those who disobey, the government said.<br><br>"Even if the outbreak in Macau gets under control, it will likely be another few weeks before Macau-Zhuhai can remove quarantine requirements," said Terry Ng, analyst at Daiwa Capital Markets in Hong Kong.<br><br>Here is more info regarding [https://Sustainabilipedia.org/index.php/User:ChristyIbarra visit the next web site] look into our website.<br>
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<br>July 11 (Reuters) - U.S. stock index futures fell on Monday, bracing for the start of the earnings season which could see profits come under pressure at a time of growing fears of an economic downturn due to aggressive interest rate hikes.<br> <br>After a dismal first half of the year, U.S.<br><br>stocks started July on an upbeat note, however, market participants fear that upcoming quarterly results could trigger another selloff, with earnings potentially falling short of estimates.<br> <br>Trading was choppy last week, but investors took some relief from easing commodity prices and the U.S.<br><br>Federal Reserve hinting at a more tempered program of rate hikes amid growing concerns of a global recession.<br> <br>All the three benchmark indexes ended the week higher on Friday, while the Nasdaq posted a gain for the fifth straight session.<br> <br>The market is now largely pricing in a 75-basis-point rate hike later in July, however concerns about the pace of future rate hikes have grown after a stronger-than-expected jobs report on Friday.<br> <br>The report, which signaled a still strong labor market helped alleviate some fears about an immediate recession, but added to worries about more aggressive monetary policy tightening by the Fed to stamp out soaring inflation.<br> <br>Big banks such as JPMorgan Chase &amp; Co, If you have any inquiries about exactly where and how to use [https://Www.Jiliko.com/ Online Casino Games], you can speak to us at our website. Citigroup Inc and Morgan Stanley are due to post earnings later this week, and their results will be parsed for any signs of slowing economic growth.<br><br>The banks' shares fell between 0.7% and 1.1% in premarket trading.<br> <br>Investor focus will also be on U.S. consumer prices data later this week to gauge the state of inflation and how aggressively the Fed could respond.<br> <br>At 06:51 a.m. ET, Dow e-minis were down 110 points, or 0.35%, S&amp;P 500 e-minis were down 19.25 points, or 0.49%, and Nasdaq 100 e-minis were down 80.75 points, or 0.66%.<br> <br>Shares of Twitter Inc slid 6.6% after Elon Musk, chief executive of Tesla, said on Friday he was terminating his deal to buy the social media company.<br> <br>U.S.<br><br>casino operators Las Vegas Sands, Wynn Resorts and Melco Resorts fell between 4.6% and 5.7% after Macau shut all its casinos for the first time in more than two years in a bid to contain the spread of COVID-19. (Reporting by Amruta Khandekar in Bengaluru; Editing by Shounak Dasgupta)<br>

Revision as of 09:42, 11 December 2022


July 11 (Reuters) - U.S. stock index futures fell on Monday, bracing for the start of the earnings season which could see profits come under pressure at a time of growing fears of an economic downturn due to aggressive interest rate hikes.

After a dismal first half of the year, U.S.

stocks started July on an upbeat note, however, market participants fear that upcoming quarterly results could trigger another selloff, with earnings potentially falling short of estimates.

Trading was choppy last week, but investors took some relief from easing commodity prices and the U.S.

Federal Reserve hinting at a more tempered program of rate hikes amid growing concerns of a global recession.

All the three benchmark indexes ended the week higher on Friday, while the Nasdaq posted a gain for the fifth straight session.

The market is now largely pricing in a 75-basis-point rate hike later in July, however concerns about the pace of future rate hikes have grown after a stronger-than-expected jobs report on Friday.

The report, which signaled a still strong labor market helped alleviate some fears about an immediate recession, but added to worries about more aggressive monetary policy tightening by the Fed to stamp out soaring inflation.

Big banks such as JPMorgan Chase & Co, If you have any inquiries about exactly where and how to use Online Casino Games, you can speak to us at our website. Citigroup Inc and Morgan Stanley are due to post earnings later this week, and their results will be parsed for any signs of slowing economic growth.

The banks' shares fell between 0.7% and 1.1% in premarket trading.

Investor focus will also be on U.S. consumer prices data later this week to gauge the state of inflation and how aggressively the Fed could respond.

At 06:51 a.m. ET, Dow e-minis were down 110 points, or 0.35%, S&P 500 e-minis were down 19.25 points, or 0.49%, and Nasdaq 100 e-minis were down 80.75 points, or 0.66%.

Shares of Twitter Inc slid 6.6% after Elon Musk, chief executive of Tesla, said on Friday he was terminating his deal to buy the social media company.

U.S.

casino operators Las Vegas Sands, Wynn Resorts and Melco Resorts fell between 4.6% and 5.7% after Macau shut all its casinos for the first time in more than two years in a bid to contain the spread of COVID-19. (Reporting by Amruta Khandekar in Bengaluru; Editing by Shounak Dasgupta)

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