People walk by NYSE in New York City.
Spencer Pratt | Getty Images News | Getty Images
The most important news items that investors need to start a trading day are:
Stock futures Fell on Tuesday morning, Set the loss for 2 consecutive days. Markets are entering a victorious week, but investors are wary as companies begin to report quarterly results affected by inflation surges, volatile energy markets, and ongoing supply chain challenges. increase. Bruce Richards of Marathon Asset Management said CNBC’s “Companies are being squeezed in every way, by the costs and wages of goods, and everything that goes into the input from manufacturing goals and services.” Told.Closing bell” on monday.
EU officials have said inflation expectations will be revised upwards, but they have not yet pointed out a recession.
Bloomberg | Bloomberg | Getty Images
Euro is trading nearby Equivalent to US dollars, Reflects the dire economic situation in the euro area. This block suffers from inflation as well as the energy shock caused by Russia’s Ukrainian war. According to analysts, the European Central Bank is in a difficult situation. CIBC Capital Markets analyst Jeremy Stretch tells CNBC’s Street Sign Europe that the ECB is far behind the party in terms of both closing bond purchases and tightening monetary policy. Can be done. “
Pepsi bottles are taken at a grocery store in Pasadena, California.
Mario Anzuoni | Reuters
PepsiCo We started the earnings season in earnest by reporting our second quarter results on Tuesday morning. Exceeded Wall Street expectations.. Global soda and snack companies have also raised their annual earnings forecasts for the second straight quarter. However, the company’s profit outlook remained the same, as companies generally deal with rising costs and other factors that affect their bottom line. PepsiCo’s stock price rose slightly before the market opened.
Gap Inc. CEO, Sonia Syngal,
Alex Brandon | AP
gap Stocks fell in off-market trading after retailers announced Monday night with CEO Sonia Singal Will resign, Immediately effective. Singal took over its role in early 2020, shortly before Covid was declared a pandemic, effectively closing a vast area of the economy. Stores were closed and retailers like Gap and its Old Navy chains were suffering from supply chain problems. Gap also said he expects second-quarter sales to decline “in the high single-digit range.”
Peloton Store in Walnut Creek, California, USA, Monday, February 7, 2022.
David Paul Morris | Bloomberg | Getty Images
Peloton Tuesday morning Outsourced manufacturing Among all its exercise machines, we will expand our partnership with Taiwanese company Rexon Industrial. Earlier this year, CNBC reported that Peloton would temporarily stop production of machinery due to inventories piled up while demand was declining. The company on Tuesday did not reveal what the economic implications of the move would be. Peloton has acquired the Precor business for $ 420 million to expand its manufacturing capacity in the United States.
– CNBC’s Sarah Min, Sam Meredith, Elliot Smith, Amelia Lucas, and Lauren Thomas contributed to this report.