Weekly Excerpt 08/16/2021

Weekly summary from August 09 to 13

• The U.S. equity market closed the week mixed, with the S&P 500 and Dow Jones making new highs and the Nasdaq closing the week in the negative. Ten of the eleven S&P 500 sectors closed in the green, with the exception being the energy sector. Which on Tuesday has achieved a nineteen-session streak in which none of its members has moved above its 50-day moving average, an event that has not happened since the summer of 2001.
• Very positive week for the market European equities. All major indices have managed to close the week with gains of more than 1%. The eurostoxx has approached new highs at times on Friday, however it has closed slightly below its highs. Europe has had ten consecutive sessions closing higher, a performance not seen since 1999.

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• The highlight of the week has been the US inflation data which reported a 0.5% increase for the month of July. On an annual basis, inflation remained at 5.4%, which is the highest since 2008. The monthly figure represents a decrease of 0.4% from the previous month. On the other hand, core inflation, which excludes food and fuel prices (more volatile), was 0.31TDP3T in July, which leaves the cumulative annual increase at 4.31TDP3T.
• One fact that should not go unnoticed is the figure of Consumer Confidence The preliminary figure of 70.2 for mid-August is the worst figure since 2011, indicating that confidence is at lower levels than at the worst time of the pandemic.

AMERICA	QUOTE	Δ %5 Days	Δ % YTD
DOW JONES	35.515,38	0,87%	16,04%
S&P 500	4.468,00	0,71%	18,95%
NASDAQ	14.822,90	-0,09%	15,01%

EUROPE	QUOTE	Δ %5 Days	Δ % YTD
Euro Stoxx 50	4.229,70	1,32%	19,06%
FTSE 100	7.218,71	1,34%	11,74%
CAC 40	6.896,04	1,16%	24,22%
DAX	15.977,44	1,37%	16,46%
IBEX 35	8.999,80	1,36%	11,47%
SMI	12.464,44	2,37%	16,45%

ASIA	QUOTE	Δ %5 Days	Δ % YTD
NIKKEI 225	27.977,15	0,90%	1,94%
HSI	26.391,62	0,81%	-3,08%
CSI 300	4.945,98	0,50%	-5,09%

BONUS	QUOTE	Δ %5 Days	Δ % YTD
US TREASURY 10Y	1,28	-1,56%	77,12%
US Generic Govt 2 Yr	0,21	-0,57%	27,13%
GERMANY 10 YR	- 0,47	-2,41%	-13,35%
UK 10 Yr	0,57	-6,14%	135,80%

COMMODITIES	QUOTE	Δ %5 Days	Δ % YTD
WTI	68,44	0,23%	41,06%
BRENT	70,59	-0,16%	36,27%
NATURAL GAS	3,86	-6,74%	52,07%
CORN	568,25	2,39%	17,41%
WHEAT	762,25	6,02%	19,01%
GOLD $/oz	1.775,20	0,86%	-6,33%
SILVER $/Oz	23,78	-2,25%	-9,97%
COPPER	439,15	1,00%	24,79%
PLATINUM	1.032,08	4,93%	-3,73%

COINS	QUOTE	Δ %5 Days	Δ % YTD
EURUSD	1,180	0,30%	-3,43%
AUDUSD	0,737	0,19%	-4,21%
CADUSD	0,799	0,29%	-1,71%
CHFUSD	1,093	-0,03%	3,43%
GBPUSD	1,387	-0,04%	1,43%
CNYUSD	0,154	0,08%	-0,76%
JPYUSD	0,009	0,56%	6,09%
USDBRL	5,248	0,31%	-0,94%
USDMXN	19,879	-0,82%	0,18%
USDCOP	3.846,38	-2,81%	-10,83%
XBTUSD	47.609,87	11,45%	64,19%

To keep in mind during the week

• Taliban leaders marched on Kabul on Sunday, preparing to take full control of Afghanistan two decades after they were ousted by the U.S. military. The militant group said it has occupied the presidential palace and plans to soon declare a new "Islamic Emirate of Afghanistan." Chaos has now gripped Kabul's international airport as thousands of people try to leave Afghanistan through the last exit point not controlled by the Taliban.
• According to the latest data obtained by Bloomberg, about 56% of all recommendations made by analysts on the S&P 500 companies are from purchaseThis is the highest number since 2002. Backed by the results season, in which revenues and profits have exceeded high expectations, most analysts still see room for further gains.
• Investors' attention will be focused on the release of the minutes of the July meeting by Fed members. These will be scrutinized for policymakers' views on when to begin tapering the Fed's monthly bond purchases, as well as their outlook for the economy.
• Important week for clues on US consumption, on Tuesday retail sales data is expected to have fallen by 0.2% in July, after an unexpected increase in June. In this regard, it is the turn for the presentation of results of some of the most important companies such as Walmart, Target, Macy's. TJX, Ross, among others.

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• Nancy Pelosi, the Speaker of the House of Representatives, has mentioned to lawmakers that she has asked a House committee to jointly push forward with the approved trillion-dollar infrastructure plan and a $3.5 billion spending package to move forward with the infrastructure bill and the reconciliation bill.
• According to Reuters, the president of the European Central Bank (ECB), Christine Lagarde, will not attend the annual conference of central bankers in Jackson Hole at the end of August. This would be in addition to that of the governor of the Bank of England, Andrew Bailey, who previously announced his absence.
• Economists will be watching this week's meeting of the Central Bank of New Zealand as it is expected to be one of the first major economies to raise interest rates following the damage caused by COVID-19.
• The latest economic data from China show a greater-than-expected slowdown. Retail sales, industrial production and fixed asset investment grew less than expected and the unemployment rate rose by a higher percentage than expected, as the country introduced new measures to control the spread of the delta variant. Supply chain disruptions in Asia could affect the entire world.
• China's private companies are on the lookout for officials willing to help them cope with Xi Jinping's radical crackdown decisions. According to Bloomberg, officials from the control agencies in charge of the financial system, those from ministries overseeing trade, industry and information are the most sought after, with salary packages in some cases approaching half a million dollars.

Other important points

• The Prime Minister of India has announced that the government intends to invest US$1.35 billion in infrastructure to boost economic growth and create jobs. One of the most benefited sectors would be the logistics sector with the aim of integrating the country's various modes of transportation.
• Coronavirus variant Delta has driven the number of cases to near peak levels in Thailand, Vietnam and the Philippines. In the U.S., the seven-day average of COVID-19 deaths nearly doubled in two weeks to the highest level since May. Meanwhile, pediatricians in U.S. COVID-19 hotspots are anticipating a surge in child-fueled Delta with a rare, serious and sometimes fatal virus-related condition as school resumes in the fall.
• The total market value of cryptocurrencies has risen back above $2 trillion, pushed by rallies in Bitcoin, Cardano, XRP and Dogecoin among others. The upward moves came even after the cryptocurrency industry failed to achieve a change in cryptocurrency tax reporting rules in the U.S. infrastructure bill.

Corporate calendar

Ance the opening of the market

Monday 16	Tuesday 17	Wednesday 18	Thursday 19	Friday 20
UWM	Walmart	TJX	Macy's	Foot Locker
Paysafe	The Home Depot	Lowe's	Bili Bili	John Deere
Milestone	Eagle Point	Target	Kohl`s	Buckle

Dfter market close

Monday 16	Tuesday 17	Wednesday 18	Thursday 19	Friday 20
Roblox	Krispy Kreme	Nvidia	Applied Materials
Arcimoto	Quick Logic	Cisco	Farfetch
Tencent Music	Create	Synopsis	Ross

Economic Calendar

Monday 16
CNY: Industrial Production Index
JPY: GDP Data
Tuesday 17
GBP: Unemployment Evolution Data
USA: Retail Sales Data
USA: Statement Jerome Powell
Wednesday 18
EURO: CPI data
USA: Construction permits
USA: FOMC Meeting Minutes
Thursday 19
USA: New claims for unemployment benefits
USA: Philadelphia Fed Manufacturing Index
Friday 20
CNY: PBoC Prime Lending Rate
GBP: Retail Sales