Key Global Events

China intensifies support for the yuan. The currency rose after China set a stronger-than-expected benchmark rate. The nation is considering easing restrictions on home purchases.

Tech biggies Netflix and Tesla disappoint the market. Tesla's quarterly reports were released yesterday with the markets closed. The company reported record revenues at $24.93 billion, up 47 percent from last year. CEO Elon Musk indicated that Tesla will continue to lower the prices of its vehicles if interest rates continue to rise. Gross margin has already been strained; it fell to a 4-year low in the second quarter.

Netflix, nearly 6 million new subscribers thanks to restrictive password sharing policy. Revenue fell short of expectations. The stock in after hours lost as much as 10%.

Futures of major U.S. indexes trade mixed, indicating a cautious opening for Wall Street. Dow Jones +0.03%, S&P500 -0.26% and Nasdaq -0.76%.
European stock exchanges continue the session trading up. Milan's FTSE MIB +0.24%, Paris' CAC +0.39%, Madrid's IBEX +0.58%, London's FTSE +0.71%.

Forex & Commodities

Following the U.S. jobs data, the euro loses ground against the dollar and trades below parity around 1.1185 (-0.10%). Sterling continues its descent, giving up -0.53% to 1.2870. Among commodities, the trades steady below $76 (+0.32%). Gold trades below par at 1979 dollars an ounce (-0.06%).

Index

Asian stock markets traded lower on the penultimate weekly session after the release of macro data. Tokyo's benchmark Nikkei 225 index closed lower at -1.31 %. China's Hang Seng index closed trading at 18,924 (-0.15 %).

Global Macroeconomic Data
USA -  At 4 p.m. the index of existing home sales expected to fall to 4.21 million.