Morning Market News Digest And Comment 早盘市场新闻摘要及评论

Pacific Time 7:41AM : Dow -89，  S&P 500 -10.82， Nasdaq -48.51， Russell 2000 -1.34, WTI crude oil +0.38%，Gold+1.27%， US dollar index-0.03%, 10 Year Treasury yield 1.987%-0.039

Oversea markets: Shanghai-0.87%, Japan-0.43%, Hong Kong -1.15%, Germany-0.29%, UK+0.02%, France -0.04%.

Weak sectors: FXI,OIH, IYT, XLF, IGV, EEM  Strong sectors: GLD, IBB, TLT, GDXJ

Increasing tension in US-Iran relation, uncertainty in US-China trade talk and weak oversea markets are putting pressure on US stock market today. Weak FAANG stocks are not helping either. Major market indexes are down for the second day after S&P 500 made new high last Friday. Nasdaq Composite is the weakest among indexes today by down more than 0.60%. With FB-1.48%, GOOG -1.03% and AMZN -1.04% due to concern over antitrust probe and 22 out of 30 Dow stocks are down, it doesn't look like the market can recover today. More downside for the market is likely today.


。Trump administration ordered new sanctions against the assets of Ayatollah Ali Khamenei and several Iranian military commanders, as well as plans to target Foreign Minister Javad Zarif later this week. The penalties effectively freeze the business operations of the Supreme Leader's office, which controls a global network of private companies that some experts estimate is worth between $100B-$200B. Tensions already worsened in May, when Washington ordered all countries to halt imports of Iranian oil, and then escalated following a series of apparent Iranian-backed skirmishes in the Middle East. "Imposing useless sanctions is the permanent closure of the path of diplomacy," Foreign Ministry spokesman Abbas Mousavi wrote on Twitter. ---Wall Street Breakfast

。Investors waiting anxiously to see if anything comes of Sino-U.S. trade talks later this week, with sentiment not helped after a senior U.S. official said president Donald Trump would be happy with “any outcome” from the trade talks with China, suggesting Trump was not in a concessionary mood. ---Zero Hedge

。On Monday a US judge found three large Chinese banks — reportedly the state-owned Bank of Communications, China Merchants Bank, and Shanghai Pudong Development Bank — in contempt for refusing to comply with subpoenas in an investigation into North Korean sanctions violations. This could open the door for them to be cut off from the US financial system, i.e. SWIFT.

。"Should it occur, to say that China will not take that well is as large an understatement as one can conceive of. It would be an earthquake", commented Rabobank's Michael Every. ---Zero Hedge

。Powell takes the stage at 11 a.m. ET, just 24 hours after President Trump accused the central bank of behaving like a "stubborn child" in refusing to lower interest rates. The Fed Chair is likely to reiterate or intensify a recent dovish turn on interest rates - which has traders pricing in a 100% chance of a July reduction in the Fed Funds rate and a 73.3% chance of two more cuts between now and the end of the year - but there's also the possibility he could walk back some of the market's dovish interpretation of last week's FOMC meeting. ---Wall Street Breakfast

。Alphabet(GOOG)A number of rivals are gearing up to help U.S. officials with an antitrust probe of the Google parent, according to The Wall Street Journal. Among them: TripAdvisor and Yelp, which have accused Google of favoring its own content in search results. ---CNBC

。Lennar(LEN)The home builder earned $1.30 per share for its second quarter, beating the consensus estimate of $1.14 a share. Revenue also came in above forecasts, although new orders were up just 1% from a year ago, while deliveries were up by 5%.---CNBC

。Tiffany(TIF) The luxury goods retailer was downgraded to “hold” from “buy” at Loop Capital Markets, which points to weak tourist traffic and difficulty in achieving comparable sales targets.---CNBC





太平洋时间上午7:41：道指-89，标普500  -  10.82，纳斯达克-48.51，罗素2000 -1.34，WTI原油+ 0.38％，黄金+ 1.27％，美元指数-0.03％，10年期国债收益率1.987％ - 0.039

海外市场：上海-0.87％，日本-0.43％，香港-1.15％，德国-0.29％，英国+ 0.02％，法国-0.04％。

弱势行业：FXI，OIH，IYT，XLF，IGV，EEM强势行业：GLD，IBB，TLT，GDXJ


美伊关系紧张局势加剧，美中贸易谈判的不确定，海外市场疲软给今天美国股市带来压力。 表现弱的FAANG股票也没有帮助。 上周五标准普尔500指数创新高后，主要市场指数连续第二天下跌。 今天纳斯达克综合指数是指数中最弱的，跌幅超过0.60％。 由于对反托拉斯调查的担忧导致FB-1.48％，GOOG -1.03％和AMZN -1.04％，以及道琼斯30只成分股中有22只下跌，看起来市场今天不容易恢复。 今天市场可能面临更多下行空间。

。特朗普政府下令对阿亚图拉阿里哈梅内伊和几名伊朗军事指挥官的资产实施新的制裁，以及本周晚些时候计划制裁外交部长扎瓦夫。这些处罚有效地冻结了最高领导办公室的业务运营，该办公室控制着一些专家估计价值在100亿至200亿美元之间的全球私营公司网络。 5月，当华盛顿下令所有国家停止伊朗石油进口，然后在中东发生一系列明显的伊朗支持的小规模冲突之后，紧张局势升级，紧张局势已经恶化。外交部发言人阿巴斯穆萨维在推特上写道：“实施无用的制裁是对外交道路的永久封闭”。 ---Wall Street Breakfast

。投资者焦急地等待本周晚些时候中美贸易谈判是否有任何结果，一位美国高级官员表示，总统唐纳德特朗普会对与中国的贸易谈判的“任何结果”表示满意，这表明特朗普不是在一种让步的心情。 --- Zero Hedge

。周一，一名美国法官发现三家大型中资银行 - 据称是国有交通银行，招商银行和上海浦东发展银行 - 蔑视在调查朝鲜违反制裁措施时拒绝遵守传票。这可能会打开他们与美国金融系统（即SWIFT）切断的大门。Rabobank的Michael Every评论说：“如果发生这种情况，中国不会那么好受，就像人们可以想象的那样轻描淡写。这将是一场地震”。 --- Zero Hedge

。在特朗普总统指责中央银行在拒绝降低利率方面表现得像个“顽固的孩子”的24小时后，鲍威尔上午11点就开始登台演说。美联储主席可能会重申或加强近期温和的利率转变 - 炒家认为7月联邦基金利率下调的可能性为100％，而今年利率下调2次的可能性为73.3％。但也有可能他可以撤回一些市场对上周FOMC会议的温和看法。 ---Wall Street Breakfast

。据“华尔街日报”报道，一些竞争对手正准备帮助美国官员对谷歌母公司进行反垄断调查。其中包括：TripAdvisor和Yelp，它们指责谷歌在搜索结果中偏爱自己的内容。 --- CNBC

。房屋建筑商Lennar（LEN）第二季度每股收益1.30美元，超过市场普遍预期的每股1.14美元。收入也高于预期，尽管新订单较一年前仅增长1％，而交付量增加了5％.--- CNBC

。奢侈品零售商蒂芙尼（TIF）被Loop Capital Markets从“买入”降级为“持有”，指出旅游交通疲弱，难以实现可比销售目标.--- CNBC