U.S. stocks had opened lower after data showed China's economic activity slowed in July while finished higher on Monday ahead of  big week for retail earnings. The Dow Jones Industrial Average added 151.39 points, or 0.45% to close at 33,912.44. The S&P 500 rose 0.4% to 4,297.14, while the Nasdaq Composite edged 0.62% higher to close at 13,128.05

MACRO

US Markets built on its gains from the previous session ahead of earnings release from retail players   

EU Markets extended its gains from the prior week with German wholesale price inflation slowing for the third consecutive month

Asia Markets were broadly higher even though Mainland Chinese stocks underperformed on soft economic data  

SECTORS

Gold dipped 1.2%, trading below $1,780/oz, at time of writing on the back of a stronger dollar   

WTI Crude Oil suffered a more than 4% drop, as poorer-than-expected Chinese economic data could allude to softer demand

COMPANY

Disney gained 2.2% after activist investor, Daniel Loeb’s Third Point buys a new stake in Disney while urging the spinoff of ESPN

Unity Software tumbled 7% following its decision to reject AppLovin’s takeover offer of $58.85 a share

Bed, Bath and Beyond soared 23% as the meme stock frenzy persists, having gained 180% month-to-date

Warner Bros Discovery shed 4% following its decision to slash nearly 15% of its employees at HBO Max

EVENTS

Today’s Earnings:

• Walmart (WMT)
• Agilent(A) 
• Home Depot(HD)
• Sea Limited(SE) 

Economic Calendar (17 Aug 2022)

• Japan Balance of Trade (July)
• United Kingdom Inflation Rate YoY (July)
• US Retail Sales MoM (July)

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