5 things to know before the stock market opens on Tuesday

Here are the most important news that investors need to start their trading day:

1. Stock futures in red

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, June 30, 2022.

Brendan McDermid | Reuters

US stock futures fell on TuesdayInvestors are concerned about simmering geopolitical tensions between Beijing and Washington ahead of House Speaker Nancy Pelosi’s expected visit to Taiwan. Treasury returns As Tuesday slippedwith the standard 10-year treasury bonds It is trading as low as 2.516% as investors flock to perceived US government debt. Stocks in China and Hong Kong Tuesday stumbled, too, and the yenWhich is considered a safe haven currency, strengthened further. On Monday, Wall Street’s major stock indexes closed in the red, breaking their three-day losing streak.

2. It is said that Chinese warplanes are flying close to the dividing line of the Taiwan Strait

Photo of House Speaker Nancy Pelosi holding her weekly press conference on Capitol Hill on Friday, July 29, 2022 in Washington, DC. US House Speaker Nancy Pelosi is expected to arrive in Taipei later on Tuesday, a source familiar with the matter told Reuters, as several Chinese warplanes flew near the line dividing the Taiwan Strait.

Kent Nishimura | Los Angeles Times | Getty Images

Chinese warplanes Flying close to the center line in the Taiwan StraitReuters reported on Tuesday, citing a source. Beijing has warned Pelosi against visiting Taiwan, an autonomous island claimed by China. Pelosi is touring the region, but her expected visit to Taiwan has not been officially announced. Tensions between China and Taiwan was increasing In the last years.

3. Uber Reported Another Big Loss, But Stocks Soared

Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019.

Philip Pacheco | AFP via Getty Images

shares Uber Technologies Jumped on Tuesday after the delivery and food company reported Quarterly revenue better than expected. Uber’s second-quarter sales came in at $8.07 billion, well above analysts' forecasts of $7.39 billion, according to Refinitiv. However, Uber reported a net loss of $2.6 billion for the quarter, including $1.7 billion as a result of a revaluation of its investments in Grab Aurora and Zomato. Total losses from operations for the quarter ended June 30 were $713 million, but the company reported positive free cash flow of $382 million. In May, CEO Dara Khosrowshahi told employees in a note that cash-flow positivity had become an important near-term goal.

4. Oil companies boost dividends

The BP logo is photographed in London on May 12, 2021. The International Energy Agency recently reported that 2021 saw energy-related carbon dioxide emissions rise to their highest level in history.

Glenn Kirk | Afp | Getty Images

British oil giant BP US shale producer Devon Energy reported strong quarterly earnings and increased dividends, as higher crude oil prices this year helped companies boost their capital return programs. bb that on tuesday Reported second-quarter profit of $8.5 billion, raised its quarterly dividend 10% to 6,006 cents per common share. Devon Energy, which turned on Monday Q2 results are better than expected Above and below, reports a 22% increase in dividend payouts. Using a fixed plus variable dividend strategy, Devon’s quarterly payout is now $1.55 per share, up from $1.27.

5. Pinterest jumps. An activist company says it is the largest shareholder

Online photo board banner Pinterest Inc. Hanging from the New York Stock Exchange (NYSE) on the morning of Pinterest’s initial public offering on April 18, 2019 in New York City.

Spencer Platt | Getty Images News | Getty Images

Pinterest shares are up nearly 18% in pre-market trading on Tuesday, a day after the social media company reported quarterly earnings and revenue that fell short of Wall Street expectations, and guidance for the current quarter was weaker than expected. While Pinterest’s monthly active user decline wasn’t as bad as feared, the company’s results nonetheless show the challenging operating environment for the social media name right now. PinterestStocks may react to news that activist investor Elliott Management on Monday She revealed that she is the largest shareholder in the companytouting the "value creation opportunity" you see.

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Coal consumption expected to return to record levels for 2013: International Energy Agency

Coal prices are on the rise, and global coal consumption is expected to return to the record levels it reached in nearly 10 years as the global energy supply crisis continues.

Analysts say that while investors in coal stocks spend a field day thanks to rising coal prices, restrictions on carbon emissions are easing as markets and governments scramble to hoard conventional energy supplies amid bottlenecks caused by the Ukraine war.

Worse, slowing investments in new coal-fired power facilities has further curtailed coal supplies, Shaw and Partners senior analyst Peter O’Connor told CNBC.Squawk Box Asia" Friday.

"Who would have thought dirty coal would be the best performing stock last fiscal year," O’Connor said. "So far this fiscal year is the best performing sector."

“Looking ahead next year during the northern winter with gas prices in Europe and the availability of gas supplies, countries are going back to coal.

And the show [of coal] narrow. why? Because no one will be left on capacity building and markets are tight given the weather and Covid. So this market will remain higher for a longer period, possibly in 2023.

At the heart of the ongoing rise in coal demand is a gas shortage as the European Union moves to reduce Russian gas use – without a gas ban – while Russia responds by cutting off supplies to the continent.

Doalker 44 | E + | Getty Images

The price of thermal coal used for power generation has risen about 170% since late last year, and has risen sharply after the start of the Ukraine war.

In contrast, the other mainly traded coal, the steelmaking component coke, is trading lower. driven by different dynamics, Silent economic growth in China Steel production and, consequently, the demand for coke is cooled.

The International Energy Agency released a new report on Wednesday warning that global coal consumption is set to rise 0.7% in 2022 to match the record set set in 2013, assuming the Chinese economy recovers as expected in the second half of the year.

"The global total will match the annual record set in 2013, and demand for coal next year is likely to increase to a new all-time high," said the International Energy Agency’s coal market report.

"This sharp rise has contributed significantly to the largest-ever annual increase in global energy-related carbon dioxide emissions in absolute terms, placing it at the highest level in history," the IEA said.

Worldwide coal consumption has already rebounded by about 6% in 2021 when the global economy recovered from the initial shock of the Covid pandemic, the International Energy Agency said.

At the heart of the ongoing rise in coal demand is a gas shortage as the European Union moves to reduce Russian gas use – without a gas ban – while Russia responds by cutting off supplies to the continent.

So coal consumption in the European Union is expected to rise by 7% in 2022 on top of last year’s jump of 14%, according to the International Energy Agency.

"This is driven by demand from the electricity sector as coal is increasingly being used to replace gas that is in short supply and has seen significant price hikes in the wake of the Russian invasion of Ukraine," she added.

"Many EU countries are working to extend the life of coal plants due to close, reopen closed plants or raise the cap on their working hours to reduce gas consumption."

Meanwhile, the Russian coal boycott will add more upward pressure on coal prices, the agency said.

“Europe’s worst fears materialized this week after Russia reduced flows through the Nord Stream pipeline to 20% of capacity. Gas stocks may not reach levels. High enough to get through the winterANZ Research commodity analysts Daniel Hines and Sony Kumari said in a note on Friday.

"Because Europe’s spare import capacity is limited, it is likely to compete aggressively for LNG cargoes."

The global gas market, including the Asia Pacific region, is feeling the pain.

Japan’s Nippon Steel on Wednesday signed an agreement with mining and trading giant Glencore to supply thermal coal at $375 a ton, the highest price a Japanese company has ever paid for the commodity, according to Bloomberg.

In general, increasing energy costs continue to contribute to this global inflationforcing central banks to continue monetary tightening.

The The Federal Reserve raised benchmark interest rates by 75 basis points On Wednesday, it is the latest in a series of interest rate increases designed to tame inflation.



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