Chip Shortages, Jobless Claims, ECB, Musk Lifts Bitcoin – What’s Moving Markets By –
SectorFinancial Markets
CountryMiddle east

© Reuters.

By Geoffrey Smith — Intel (NASDAQ:) reports earnings against a backdrop of mounting speculation that the global chip shortage may be peaking.  Jobless claims and existing home sales shed light on the economy’s momentum, while the European Central Bank is expected to take a more aggressive approach to generating inflation as it starts implementing its new strategy. Earnings continue apace elsewhere with updates from AT&T (NYSE:), Biogen (NASDAQ:) and Abbott Labs among many others.

touched its highest in a week after Elon Musk again switched his opinion on it. Here’s what you need to know in financial markets on Thursday, 22nd July. 

1. Intel eyed after Texas Instruments casts doubt on chip sector outlook

Intel will report quarterly earnings after the close, against a backdrop of mounting suspicion that the global chip shortage, which has scarred many manufacturers’ quarterly reports, may be about to start easing.

Texas Instruments (NASDAQ:) management on Wednesday conspicuously guided for revenue in the current more...