21st July – Stocks falter as Trump escalates tensions with the EU

In this morning's edition of MPC Morning Call, the discussion revolves around the recent performance of the NASDAQ, which reached a new record high driven by resilient consumer sentiment and positive earnings results. The conversation also touches on sector performances, particularly in technology and commodities, and highlightsupcoming earnings reports that could influence market trends. The impact of trade tensions and regulatory developments in cryptocurrency are also examined, providing a comprehensive overview of the current market landscape. TakeawaysThe NASDAQ reached a new recordhigh due to strong consumer sentiment.Positive earnings resultscontributed to market recovery in Australia.Trade tensions between the US andEurope are a concern for investors.Netflix's performance was mixeddespite being a top tech stock.The cryptocurrency market isreacting positively to regulatory developments.Commodities like copper and ironore are showing strong performance.BHP reported record production,boosting investor confidence.Upcoming earnings reports frommajor companies will be crucial for market direction.Tesla is viewed as a potentialvalue buy ahead of earnings.Market reactions are influenced byglobal economic indicators, particularly from China.