How to Start the Week: Analytics and Forecasts — 26.07.2021

All eyes are on the US Federal Reserve and US corporate earnings.


Must Know

Recently, the US Fed’s Chair, Jerome Powell, stated that he is not considering an early end of quantitative easing measures. However, last week, the US Federal Reserve was once again reported as discussing the possibility of an earlier termination of the accommodative monetary line.

This week, the US Fed will share the Interest Rate and Monetary Policy Report during a press conference. This is a major economic event that may clarify the FOMC’s stance on inflation and the monetary policy plans. USD and S&P 500 will be affected accordingly.

European businesses were reported to have expanded at a pace unseen for the last two decades. That is primarily related to the lifting of the virus restrictions in most countries of the EU. However, the overall market sentiment in the Eurozone remains moderate at the very least. Although many European corporations brought strong financial reports, inflation worries are offsetting the optimism.

Elon Musk announced that Tesla may start accepting Bitcoin as payment again. But first, the company will check the amounts of energy that is spent on mining of the cryptocurrency. The comment helped Bitcoin climb out from the depths below $30,000 and take a new uptrend.

Ethereum saw gains as well, and Elon Musk’s comment not only revived investors’ interest in the digital asset sphere but supported the risky sentiment to some extent.


Fundamental breakdown


JPMorgan’s CEO, Jamie Dimon, was awarded 1.5 million corporate stock options worth more than $200 million after JPMorgan brought a strong financial report under his leadership.


Intel’s CEO commented last week that the chip shortage may last into 2023.

Apple, Microsoft, Alphabet, Starbucks, 3M

These giants of the American corporate landscape will report their quarterly earnings on Tuesday, July 27.

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