Netflix and Tesla spoil the after markets party

European stocks closed higher yesterday after UK inflation came in at its lowest level in 15 months. US markets also closed higher but futures fell stateside after both Tesla (record quarterly revenue but lower margins) and Netflix (revenue miss) reported Q2 results. In Asia, the People’s Bank of China surprised traders as it stepped in harder than expected to support the yuan, and Japan delivered its first trade surplus in nearly two years. Carsten Menke, Head of Next Generation Research, explains the impact of China’s recent data releases on the industrial metals market.

00:14 Introduction by Helen Freer (Investment Writing)

00:41 Markets wrap-up by Bernadette Anderko (Investment Writing)

05:52 Industrial metals and China by Carsten Menke (Head of Next Generation Research)

08:37 Closing remarks by Helen Freer (Investment Writing)

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