AOF analysis closes Wall Street – Indices face decline

(AOF) – The American markets recorded a slight decline after the monthly success in July since the end of 2020. If the economic data of the day, purchasing management indices and construction funds, give an impression of the economy slowing down, they are far from it. and be a disaster. The United States is resisting inflation and war in Ukraine better than Europe. The Dow Jones closed up 0.14% to 32,798.40 while the Nasdaq Composite lost 0.18% to 12,369.98 points.

American Boeing shares rose 6.13% to 169.07 dollars today after receiving good news on Friday. The Federal Aviation Administration (FAA), the US government agency that oversees aviation, has given the green light to resume deliveries of 787 Dreamliners. This was canceled in May 2021 due to complications.

Today’s financial community

Manufacturing employment fell slightly in July in the United States, the Institute of Supply Management said. The PMI for the sector came in at 52.8 when it was expected at 52 after 53 in June.

Construction spending fell 1.1% in June in the United States when it was expected to rise 0.2%. They rose by 0.1% in May.

Manufacturing jobs fell in July in the United States, S&P Global said. The PMI for the sector came in at 52.2 versus expectations for 52.3 after 52.7 in June.

Points to follow today

Ali Baba

Alibaba will try to maintain its listing on the NYSE and the Hong Kong Stock Exchange, Chinese competitor Amazon said. The SEC has just added Alibaba to the list of companies that violate the Holding Foreign Companies Accountable Act. This allows the police of the stock market of America to delist foreign companies if they do not provide the reports requested from the Public Company Accounting Oversight Board, the company that oversees the research activities of the listed companies, for three years.

Baker Hughes

American oil company Baker Hughes (valued at $5.05 billion in the second quarter of 2022) has signed an agreement to sell its Oilfield Services business in Russia (“OFS Russia”) to its management team. The agreement follows the company’s previously announced freeze on new investments in its operations in Russia and its commitment to comply with applicable laws and sanctions. The new company will operate independently of Baker Hughes and will take over all of OFS’s Russian business, liabilities and responsibilities.

Boeing

The Federal Aviation Administration (FAA), the US government agency that oversees the laws and regulations of aviation, has given the green light to American Boeing to resume delivery of the 787 Dreamliners. The shipment of the device has been suspended in May 2021 due to technical issues. According to the New York Times, the plan to inspect and correct these errors that the aircraft manufacturer provided at the end of the spring received FAA approval on Friday July 29. The inspector will inspect the aircraft before handing it over to Boeing customers.

Global Payments

Global Payments, a provider of payment solutions, is expected to acquire EVO Payments EVOP.O. Amount of money: about 4 billion dollars, debt included. Before the market, EVO Payments shares gained 17.5% and Global Payments gained 1.8%. As a result in the second quarter of 2022, the payment solutions provider posted an adjusted profit of 6.1% to $2.06 billion. Adjusted earnings per share, up 15.7%, totaled $2.26, versus $2.04.