WS #13713
A wave of Q2 earnings results showed beats at Parker-Hannifin, ResMed, NetScout, Gen Digital, Insmed, PENN, IBP, MP Materials, and misses at Liberty Media, Nexstar, Ouster, with notable guidance changes. China's July CPI rose 0.5% YoY (below 0.8% expected) and PPI rose 3.5% YoY (below 3.8% expected), signaling deflationary pressure and weak domestic demand, which is bearish for global growth and commodity demand.
Earnings Season Surprises
A wave of Q2 earnings results showed beats at Parker-Hannifin, ResMed, NetScout, Gen Digital, Insmed, PENN, IBP, MP Materials, and misses at Liberty Media, Nexstar, Ouster, with notable guidance changes.
China's July CPI rose 0.5% YoY (below 0.8% expected) and PPI rose 3.5% YoY (below 3.8% expected), signaling deflationary pressure and weak domestic demand, which is bearish for global growth and commodity demand.