The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
Buildings in the Makati Central Business District
Economic Updates
Monthly Recap: BSP to outpace the Fed in rate cuts 
DOWNLOAD
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
DOWNLOAD
View all Reports
Metrobank.com.ph Contact Us
Follow us on our platforms.

How may we help you?

TOP SEARCHES
  • Where to put my investments
  • Reports about the pandemic and economy
  • Metrobank
  • Webinars
  • Economy
TRENDING ARTICLES
  • Investing for Beginners: Following your PATH
  • On government debt thresholds: How much is too much?
  • Philippines Stock Market Outlook for 2022
  • No Relief from Deficit Spending Yet

Login

Access Exclusive Content
Login to Wealth Manager
Visit us at metrobank.com.ph Contact Us
Access Exclusive Content Login to Wealth Manager
Search
The Gist
News and Features
Global Philippines Fine Living
Insights
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
Webinars
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
Downloads
Buildings in the Makati Central Business District
Economic Updates
Monthly Recap: BSP to outpace the Fed in rate cuts 
May 29, 2025 DOWNLOAD
economy-ss-9
Economic Updates
Quarterly Economic Growth Release: 5.4% Q12025
May 8, 2025 DOWNLOAD
investment-ss-3
Economic Updates
Policy rate views: Uncertainty stalls cuts
May 8, 2025 DOWNLOAD
View all Reports
Markets 3 MIN READ

Big tech in focus, Harris neutralizes Trump’s lead in poll

July 24, 2024By Reuters
Related Articles
BRIEF-Vivant Corp Says Unit Got Notice Of Award From Provincial Government Of La Union April 7, 2022 Global LNG demand growth shifts from Asia to Europe on Russia sanctions March 9, 2022 Philippines raises $249 mln via re-issued 2026 T-bonds March 15, 2022

NEW YORK – Markets were subdued ahead of second-quarter earnings from Alphabet and Tesla released after the close of regular trade on Tuesday. The first of the market-leading mega caps to report left a mixed picture for after-hours trade with scope to spill across time zones on Wednesday.

Shares of both companies fell despite reporting higher-than-expected revenue.

Other than earnings there is not much on the radar, economic indicator-wise, until Thursday’s advance US second quarter GDP and Friday’s June Personal Consumption Expenditures Price Index, which markets are betting will smooth the way for a Fed easing in September.

That leaves politics. With the new US election landscape, markets are preparing for greater volatility, although there was little sign of it Tuesday. Vice President Kamala Harris has all but sewed up the nomination as the Democratic presidential candidate to face Republican Donald Trump on Nov. 5, after President Joe Biden withdrew from the race on Sunday.

Senate Majority Leader Chuck Schumer and House of Representatives Minority Leader Hakeem Jeffries supported Harris’s bid in the election and a majority of party delegates have committed to her.

In a Reuters/Ipsos national poll conducted Monday and Tuesday, Harris led Trump 44% to 42%, a difference within the 3-percentage-point margin of error. Harris and Trump were tied at 44% in a July 15-16 poll, and Trump led by one percentage point in a July 1-2 poll, both within the same margin of error.

While the CBOE’s VIX Volatility Index fell back to near 14.5 on Tuesday it was at a near two-month high above 17 two days ago amid caution ahead of the vote in what has already been one of the most dramatic election years in history.

Whoever gets elected is bound to take a tough line with China on trade and Taiwan. It’s not clear what will put a floor under Chinese stocks, which posted their biggest one-day slide in six months on Tuesday, after Beijing’s aggressive stimulus measures post Party Plenum failed to shore up confidence.

Meanwhile, Japan’s Nikkei is just off five straight down days in part due to the weak yen. The currency rose to 155.615 per dollar by late US trade after a senior ruling party official called for the BOJ to normalize monetary policy and keep interest rates steady.

Taiwan’s stock market shrugged off those losses and is Asia’s best performer this year, thanks in large part to TSMC, Asia’s most valuable listed company, which rose more than 4% Tuesday. But concerns remain over Washington’s likely curbs on semiconductor sales to China.

Four of the five remaining Magnificent 7 mega caps – Meta, Microsoft, Amazon, and Apple – report next week. Investors must wait until later in August for AI super-mega Nvidia’s numbers.

Here are key developments that could provide more direction to markets on Wednesday:

– South Korea Consumer Sentiment (July)

– Flash PMI Australia (July)

– Flash PMI Japan (July)

 

This article originally appeared on reuters.com

Read More Articles About:
Worldwide News Philippine News Rates & Bonds Equities Economy Investment Tips Fine Living

You are leaving Metrobank Wealth Insights

Please be aware that the external site policies may differ from our website Terms And Conditions and Privacy Policy. The next site will be opened in a new browser window or tab.

Cancel Proceed
Get in Touch

For inquiries, please call our Metrobank Contact Center at (02) 88-700-700 (domestic toll-free 1-800-1888-5775) or send an e-mail to customercare@metrobank.com.ph

Metrobank is regulated by the Bangko Sentral ng Pilipinas
Website: https://www.bsp.gov.ph

Quick Links
The Gist Webinars Wealth Manager Explainers
Markets
Currencies Rates & Bonds Equities Economy
Wealth
Investment Tips Fine Living Retirement
Portfolio Picks
Bonds Stocks
Others
Contact Us Privacy Statement Terms of Use
© 2025 Metrobank. All rights reserved.

Read this content. Log in or sign up.

​If you are an investor with us, log in first to your Metrobank Wealth Manager account. ​

If you are not yet a client, we can help you by clicking the SIGN UP button. ​

Login Sign Up