July 22, 2026 2:22 pm
Key Moments TE Connectivity projected fourth-quarter adjusted earnings of $3.05 per share and revenue of about $5.25 billion, both above analyst expectations. The company agreed to acquire Astrodyne TDI for $1.4 billion and anticipated closing the transaction by the end of 2026. Third-quarter revenue increased 14% to $5.16 billion, while adjusted profit reached $2.94 per […]
Read moreJuly 22, 2026 1:33 pm
Key Moments Siemens Energy shares fell 8% after GE Vernova stock dropped 7% following its updated full-year revenue guidance. GE Vernova’s second quarter revenue came in at $11.10 billion, up 22% year over year and ahead of the $10.82 billion consensus estimate. GE Vernova lifted its full-year revenue and adjusted free cash flow forecasts, but […]
Read moreJuly 22, 2026 12:41 pm
Key Moments Philip Morris International cut its full-year adjusted EPS outlook to a range of $8.26-$8.41, down from $8.31-$8.46. Regulatory approval for certain Zyn nicotine pouches and the launch of Zyn Ultra underpin a stepped-up U.S. investment push. Second-quarter revenue increased 10.4% to $11.19 billion, beating the $10.63 billion analyst estimate, while adjusted EPS rose […]
Read moreJuly 22, 2026 9:32 am
Key Moments August feeder cattle futures on CME declined to 349.55 cents per pound as extreme heat and higher grain prices curbed feedlot demand. Meat packers remained unprofitable at a loss of $217.65 per head of cattle, though this narrowed from a $275.20 loss the prior day. CME October hog futures advanced to 88.125 cents […]
Read moreJuly 22, 2026 9:21 am
Key Moments Magyar Nemzeti Bank reduced its policy rate to 5.75% and signaled that additional monetary easing is likely. Societe Generale strategists project a 5.0% terminal policy rate by year-end, with EUR/HUF seen having bottomed near 348.59. EUR/HUF is still expected to end 2026 around 355, with risks tied to oil prices and Hungary’s 2027 […]
Read moreJuly 22, 2026 6:33 am
Key Moments USD/CAD trades near the 1.4100 handle in Asian dealings as the pair eases from recent strong gains. Rising crude oil prices tied to geopolitical tensions lend support to the commodity-linked Canadian Dollar. Diverging expectations for the Federal Reserve and Bank of Canada interest-rate paths point to potential dip-buying in USD/CAD. USD/CAD Softens After […]
Read moreJuly 22, 2026 6:25 am
Key Moments NZD/USD trades near 0.5830 in Asian hours after giving back early gains from a bullish gap. Safe-haven demand for the US Dollar rises amid tensions involving US-Iran dynamics and Houthi threats to Red Sea shipping. New Zealand’s annual inflation jumps to 4.1% in Q2, above forecasts and the RBNZ target band, bolstering expectations […]
Read moreJuly 22, 2026 6:04 am
Key Moments USD/JPY trades in a bullish consolidation above 163.00, hovering close to its highest level since 1986. A persistent US-Japan yield differential and Middle East conflict-related economic risks continue to pressure the JPY. Expectations for further Fed tightening underpin the USD, while rising intervention concerns limit additional upside in USD/JPY. Yen Stabilizes Near Four-Decade […]
Read moreJuly 21, 2026 2:16 pm
Key Moments Market-based inflation expectations for Turkey for year-end 2026 and the next 12 months have increased again, weakening confidence in the disinflation narrative. Survey participants anticipate the CBRT will hold its policy rate at 37.0% at the upcoming meeting, then lower it to 34.7% by year-end. The same survey raised the end-2026 USD/TRY forecast […]
Read moreJuly 21, 2026 2:08 pm
Key Moments Global primary aluminum production declined 2.9% month-on-month and 1.5% year-on-year in June to 5.98mt, while first-half output stayed broadly stable at 36.4mt. China’s June production fell 3.2% month-on-month to 3.7mt, but year-to-date volumes remained 2.2% higher year-on-year at 22.3mt. Gulf output dropped to 332kt, down 34.5% year-on-year, as disruptions linked to the Iran […]
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