Market Pulse - Usa
Americans' medium-to-long term inflation expectations retreat in July, U.Michigan says
American consumers were a tad more confident at the start of July, thanks to the recent drop in petrol prices, they results of a very closely-followed survey revealed.
US open: Stocks trade higher following bank earnings
Wall Street stocks were in the green early on Friday as market participants digested more bank earnings.
US retail sales rise 1% in June
US retail sales jumped 1% month-on-month in June, according to the Federal Reserve, ahead of forecasts for a print of 0. 8% and recovering from a downwardly revised 0. 1% decline in May.
Wells Fargo net income almost halves in Q2
US banking giant Wells Fargo said on Friday that net income declined 48% to $3. 11bn in the three months ended 30 June as the company put aside funds for bad loans and declines in its equity holdings weighed on its bottom line.
US pre-open: Futures in the green following bank earnings
Wall Street futures were in the green ahead of the bell on Friday as market participants digested more bank earnings.