\n Retail sales data expected to show increase Friday.\n <\/p>\n
by\u202fAndre Janse van Vuuren and Kwaku Gyasi\u00a0<\/p>\n
US stocks are poised to resume their rally at record highs as traders bet that data on Friday will show signs of strain on US consumers, bolstering the case for interest rate cuts.\u00a0<\/p>\n
S&P 500 futures edged higher 0.1% after a flat session, following back-to-back record closes earlier in the week. Intel Corp. rose more than 2.5% in premarket trading on a report that the Trump administration is in talks to buy a stake in the\u202fstruggling\u202fchipmaker. Applied Materials Inc. slumped after a weaker-than-expected outlook.\u202f\u00a0<\/p>\n
US Treasuries edged higher across the curve, with yields on the policy-sensitive two-year note falling one basis point to 3.72%. The dollar weakened 0.3%.\u00a0<\/p>\n
Economists expect government data on Friday to show a solid increase in July retail sales, driven by incentives that boosted vehicle purchases and a surge in online spending during Amazon\u2019s Prime Day event. However, underlying fundamentals are likely soft, with many consumers avoiding goods marked up by tariffs, according to Bloomberg Intelligence.\u00a0<\/p>\n
\u201cIn this market bad news are good news,\u201d said Anthi Tsouvali, a multi-asset strategist at UBS Global Wealth Management. \u201cI think investors are positioned to expect that the number will probably be lower than consensus.\u201d\u00a0<\/p>\n
In Europe, the Stoxx 600 advanced 0.2% toward the highest level since March amid guarded hopes that Friday\u2019s\u202fUS-Russia summit\u202fcould be an initial step toward brokering a peace deal in Ukraine and thawing relations.\u202f\u00a0<\/p>\n
While a deal to end the war in Ukraine is likely still far away, \u201cwe do expect some progress in today\u2019s meeting and a path set for further discussions,\u201d said Mohit Kumar, chief European strategist at Jefferies International. \u201cIf we move toward a peace deal, it would be positive for the European markets.\u201d\u00a0<\/p>\n
In Asia, shares in Hong Kong weakened 1% after data showed China\u2019s economy slowed in July with factory activity and retail sales disappointing, suggesting the US trade war is starting to weigh on the world\u2019s No. 2 economy. Japanese shares gained 1.7% after the country\u2019s economy expanded faster than expected last quarter.\u202f\u00a0<\/p>\n
\n\tThe Trump administration\u202fis in talks with Intel Corp. to have the US government take a stake in the beleaguered chipmaker, according to people familiar with the plan.\u00a0
\n\tApplied Materials\u202fInc., the largest American producer of chipmaking gear, plunged in late trading after giving a disappointing sales and profit forecast.\u00a0
\n\tWarren Buffett\u2019s\u202fBerkshire Hathaway\u202fInc. bought shares of UnitedHealth Group Inc. in the second quarter, sending the health insurer\u2019s stock soaring in post-market trading.\u00a0
\n\tPandora A\/S shares\u202fslumped the most since April after the Danish jewelry maker warned of weak demand in Europe and uncertainty over tariffs.\u00a0
<\/p>\n
Some of the main moves in markets:\u202f\u00a0<\/p>\n
\n\tThe Stoxx Europe 600 rose 0.2% as of 10:14 a.m. London time\u00a0
\n\tS&P 500 futures rose 0.1%\u00a0
\n\tNasdaq 100 futures fell 0.2%\u00a0
\n\tFutures on the Dow Jones Industrial Average rose 0.7%\u00a0
\n\tThe MSCI Asia Pacific Index rose 0.7%\u00a0
\n\tThe MSCI Emerging Markets Index was little changed\u00a0
<\/p>\n
Currencies\u00a0<\/p>\n
\n\tThe Bloomberg Dollar Spot Index fell 0.3%\u00a0
\n\tThe euro rose 0.3% to $1.1687\u00a0
\n\tThe Japanese yen rose 0.6% to 146.80 per dollar\u00a0
\n\tThe offshore yuan was little changed at 7.1837 per dollar\u00a0
\n\tThe British pound rose 0.1% to $1.3552\u00a0
<\/p>\n
Cryptocurrencies\u00a0<\/p>\n
\n\tBitcoin rose 0.9% to $119,033.2\u00a0
\n\tEther rose 2.6% to $4,654.67\u00a0
<\/p>\n
Bonds\u00a0<\/p>\n
\n\tThe yield on 10-year Treasuries was little changed at 4.28%\u00a0
\n\tGermany\u2019s 10-year yield advanced two basis points to 2.74%\u00a0
\n\tBritain\u2019s 10-year yield advanced one basis point to 4.65%\u00a0
<\/p>\n
Commodities\u00a0<\/p>\n
\n\tBrent crude fell 0.9% to $66.25 a barrel\u00a0
\n\tSpot gold rose 0.1% to $3,340.04 an ounce\u00a0
<\/p>\n
This story was produced with the assistance of Bloomberg Automation.\u00a0<\/p>\n
\u00a9\u202f2025\u202fBloomberg L.P.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Retail sales data expected to show increase Friday. by\u202fAndre Janse van Vuuren and Kwaku Gyasi\u00a0 US stocks are…\n","protected":false},"author":2,"featured_media":84601,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[28,112],"class_list":["post-84600","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/84600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=84600"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/84600\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/84601"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=84600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=84600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=84600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}