The S&P 500 ended the day up 0.2 per cent, while the technology-heavy Nasdaq Composite closed down 0.2 per cent, having switched between small gains and losses throughout Tuesday

MACRO

US Markets closed mixed with the Dow and S&P 500 buoyed by strong earnings results from key retail players    

EU Markets rose for the fifth consecutive session supported by miners following BHP Group’s solid results  

Asia Markets were mixed with Mainland Chinese stocks leading gains as property stocks rallied on Beijin’s bond guarantee pledge  

SECTORS

Gold extended its losses, trading just below $1,766/oz at time of writing as the dollar touches a 3-week high   

WTI Crude Oil touched a six-month low, trading at $86.73/barrel at time of writing amid uncertainty surrounding Iranian oil exports 

COMPANY

Walmart climbed 5% having topped earnings and revenue expectations while reiterating full-year outlook

Home Depot rose 4% after surpassing revenue and earnings forecasts amid continued demand for home improvement initiatives 

Nu Holdings soared 23% after quarterly revenue climbed 230% from a year ago while recording strong customer growth

Zip Recruiter shed 5.4% despite posting a better-than-expected Q2 results amid an upcoming weakening of the labour market

EVENTS

Today’s Earnings:

• Lowe’s(LOW)
• Amcor (AMCR)
• Bath & Body Works (BBWI)
• Krispy Kreme (DNUT)
• Target(TGT)

Economic Calendar (18 Aug 2022)

• US FOMC Minutes
• Australia Unemployment Rate (July)
• Euro Area Inflation Rate YoY Final (July)
• US Existing Home Sales (July)

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