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India s oil import bill increased by 3 times to go further up
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01Jul2021 Midday Update: Construction Spending Marginally Slows, DOW At 12:30 ET +61 Points, Nasdaq Down 0 2%, WTI Crude Higher 74 92, Bitcoin Slips 33300, Dogecoin Lower $0 247
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While we wait for the day s main earning highlight, Q1 reports from Microsoft and Google both due after the close, it s been a busy morning with some of the most prominent companies reporting earnings in the premarket. Below we summarize some of the biggest market movers:
United Parcel Service (UPS): Adj. EPS 2.77 (exp. 1.72), Revenue 22.9bn (exp. 20.49bln).
UPS soared 8.1% in premarket trading after reporting stellar results including adjusted earnings per share for the first quarter that beat the average analyst estimate. Details: Adjusted EPS $2.77 vs. $1.15 y/y, estimate $1.73 (range $1.55 to $1.99) Revenue $22.91 billion, +27% y/y, estimate $20.60 billion U.S. package revenue $14.01 billion, +22% y/y, estimate $12.86 billion
22Apr2021 Pre-Market Commentary: Wall Street Futures Steady After Jobless Claims Data: DOW Down 18 Points, S and P 500 Off 3, Nasdaq Down By 0 2%, WTI Crude 61 50, Bitcoin 55000
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All major markets gained today, with Bitcoin down marginally to $34,718, gold up marginally to $1,841, and WTI up marginally to $52.74.
The Market in Perspective
Here are the headlines moving the markets.
Mercedes To Take On Tesla With Fully Electric SUV Daimler AG s Mercedes-Benz rolled out its battery-powered EQA SUV as part of a plan to take on Tesla and Volkswagen. Mercedes-Benz s first fully-electric SUV will be available in the coming months.EQA s retail price will be set around47,541 euros ($57,734) and have a range of approximately486 kilometers (302 miles). Bloombergnotes unlike Tesla Inc. s Model 3 or Volkswagen AG s ID.3, Mercedes-Benz outfitted an existing combustion-engine vehicle with electric motors instead of developing one from scratch.