U.S. indices closed mixed on Thursday, with the Dow Jones Industrial Average closing at a record high. Shares in the Health Care Equipment & Services (+2.38%), Transportation (+1.17%) and Food & Staples Retailing (+0.98%) sectors traded higher while shares in the Pharmaceuticals, Biotechnology & Life Sciences (-1.89%), Real Estate (-1.21%) and Telecommunication Services (-0.48%) sectors were under pressure. On the economic data front, core CPI rose 2.1% YoY in June (vs. +2.0% expected and in May). Initial Jobless Claims fell to 209K in week ending July 6 (vs. 221K estimated) from 222K in the previous week. The S&P 500 (2,999.91) stays above its 20d moving average (2,946.62 – positive slope) and its 50d moving average (2,889.58 – positive slope).
European markets are expected to start on a flat note.<\/p>\n\n\n\n
Foreign Exchange<\/strong><\/p>\n\n\n\n The US dollar was bearish against all its major pairs with the exception of the CFH on Thursday. On the economic data front, the CPI increased by 0.1% MoM in June (estimated 0%) compared with a 0.1% increased in the previous month. Initial Jobless Claims reached 209K in week ending July 6 (estimated 221K) compared with 222K in the previous week. Finally, the Monthly Budget Statement reported a deficit of $8.5B in June (estimated $7.9B) compared with a $74.9B deficit in the previous month.
The Euro was mixed against all of its major pairs. In Europe, the German CPI index was 1.6% in June in final reading, as anticipated, after +1.4% in May.
The Australian dollar was bullish against all of its major pairs.<\/p>\n\n\n\n