After the positive close in the US indicators yesterday, a downward trend in the indicators was noted today due to weak economic data. European indices ended the day with a loss. In the US indices, the Dow Jones and S&P ended the day negative, despite the bullish trend after the opening.
Seven of the nine sectors in the Dow Jones Index ended today with losses. The energy sector was the weakest sector, declining by 4.44%, followed by raw materials with a loss of 4.11%. Exxon was the weakest company in the index, losing 4.9%, Dow 4.11%, and Chevron 4.22%. Seven of eleven sectors fell in the S & P500 index. The energy sector, which fell 4.1%, has emerged as the weakest sector.
Facebook finished 0.52%, Amazon 0.6%, Apple 1.21%, Netflix 0.27%, Google 0.98% estimate.
In US balance sheets, which had a moving day, UPS announced a profit of $ 2.13 a share in the second quarter, higher than expectations at $ 1.08. The company's revenue was $ 20.05 billion, exceeding expectations of $ 17.47 billion.
P&G announced a profit of $ 1.16 a share, higher than the expectations of $ 1.02 for the fourth quarter of fiscal 2020. Revenue also exceeded expectations from $ 16.96 billion to $ 17.7 billion.
Meanwhile, MasterCard announced a profit of $ 1.41 per share, above expectations of $ 1.15 for the second quarter of 2020. The company's net revenue was announced at $ 3.3 billion, just above expectations of $ 3.25 billion.
While the British FTSE 100 index, which closed with a loss of 2.31%, witnessed a decline in all sectors, energy 4.84%, finance 4%, and IT are the sectors that brought down the index with a loss of 2.77%. AstraZenja, one of the companies with the highest weight in the index, increased by 1 58%, while the GlaxoSmithKline index decreased by 1.58% and HSBC by 4.21%. There was a decrease in all ten sectors in Germany DAX, which fell by 3.45%. The financial sector was the weakest, losing 4.26%. Wirecard was the index's Top Consumers with a loss of 11.47%, Volkswagen 6.13% and Heidelberg Cement by 6%.
On the day, which was very severe in terms of economic data, unemployment data were followed in Germany. The unemployment rate was 6.4% compared to 6.5% expected. The gross domestic product, which decreased by 2.2% in the previous period, decreased by 10.1% in the second quarter, above the expectations of 9%. The CPI, which was announced as a 0.6% increase in June, decreased 0.5% in July while a 0.3% decrease is expected.
On the US side, despite a 34.5% decrease in GDP in the second quarter, a decrease of 32.9% was announced. Personal consumption fell 34.6%, slightly above expectations for a 34.5% decrease. Weekly jobless claims were revised from 1416 to 1422 for the previous week, while week data for July 25 was announced as 1434 lower than the 1445 forecast. Ongoing orders increased from 16,151 thousand to 17,018 thousand and were announced above the expectations of 16,200 thousand.
The U.S. personal income and expenditures are at the forefront among the data that will be announced tomorrow. Caterpillar, Chevron, Exxon, and Merck will follow in the U.S. balance sheet data.
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