- Reuters/Courtesy J.T. Armstrong/U.S. Air Force photo/Handout
Here is what you need to know.
China’s economic data misses across the board. Retail sales, industrial output, and urban fixed-asset-investment growth all fell short of estimates.
Japan’s GDP crushes estimates. The Japanese economy grew at a 1% quarter-over-quarter clip in the second quarter, easily beating the 0.6% growth that economists were anticipating.
Traders haven’t been this bearish on the dollar in years. Traders have a net short position of $7.4 billion, the highest since May 2014, according to the Australian bank ANZ, citing US Commodity Futures Trading Commission data released Friday.
Morgan Stanley says the euro will be worth more than the pound. A Morgan Stanley team led by Hans W. Redeker believes the euro will top the pound for the first time in early 2018 amid increasing confidence in the eurozone and uncertainty surrounding Brexit.
Bitcoin busts through $4,000 for the first time. The cryptocurrency trades at $4,215 a coin, up more than 17% from Friday’s closing price.
Tesla will raise more money than first thought. Because of strong demand for the Model 3, the electric-car maker will sell $1.8 billion worth of bonds, $300 million more than initially intended, IFR, a Thomson Reuters unit, reports.
‘Angry Birds’ is going public. Rovio, the creator of “Angry Birds,” is looking to go public as early as next month at a $2 billion valuation, Bloomberg reports, citing sources.
Dan Loeb ditches Snap. Dan Loeb’s hedge fund, Third Point, ditched its shares of Snap while making investments in BlackRock and Alibaba, according to a 13F filing released Friday.
Stock markets around the world are mostly higher. Hong Kong’s Hang Seng (+1.38%) led in Asia, and Germany’s DAX (+1.03%) is out front in Europe. The S&P 500 is set to open up 0.58% near 2,456.
Earnings reporting is light. Premium Brands and Sysco are among the names reporting ahead of the opening bell.