Overseas Headlines – July 18, 2022

July 18, 2022


United States:

Equity Futures Gain as Rate Bets Ease; Bonds Fall: Markets Wrap

US equity futures rose while bonds retreated on speculation the Federal Reserve will take a more measured approach to policy tightening, easing recession fears.

Contracts on the Nasdaq 100 and S&P 500 pared earlier gains of more than 1% but remained higher after Gazprom reportedly declared a “force majeure” on gas supplies to Europe to at least one major customer. The benchmark Treasury yield rose 6 basis points, closing in on the 3% threshold.



EU Signs Deal to Double Azeri Gas Imports in Shift From Russia

The European Union reached a deal to double natural gas imports from Azerbaijan in a bid to help replace Russian fossil fuels amid a worsening energy crisis following President Vladimir Putin’s invasion of Ukraine.



Hong Kong Stocks Rebound After Flirting With Correction Levels

Hong Kong’s stocks climbed on Monday, with a rally in beaten-down property and technology names helping the benchmark index rebound from the brink of a technical correction.

The Hang Seng Index jumped 2.7%, snapping a five-day loss. Country Garden Holdings Co. — China’s largest builder — was among the top gainers following a report that the nation’s banking regulator urged lenders to support the real estate sector amid a growing mortgage boycott. A gauge of tech shares closed 3% higher.




Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.

Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.