We look at how markets opened this morning. Asian stocks were stuck in a range but mostly lower, tracking losses on Wall Street after the "magnificent seven" mega-cap tech giants' reported dismal earnings reports.

Tesla profit falls short again

After a stellar start to the year for stocks investors are on guard for potential bumps in the second quarter as they gauge whether the Federal Reserve delivers on an expected interest rate cut by June. They turn their focus on the health of upcoming earnings.

Are the markets headed for more gains?

The Office for National Statistics said Britain's gross domestic product fell by 0.1% between April and June, down from 0.8% growth in the previous quarter.

UK GDP shrunk by 0.1% between April and June

The US economy has contracted for the second consecutive quarter, a development that in many other nations would be regarded as an economic recession. In contrast, the US uses extra information to make that choice.

Fueling recession fears, the US economy shrank again in second quarter

India grew at the fastest pace of any major economy in the July-September quarter but economists said disruptions from the emerging Omicron coronavirus variant risked slowing the recovery, especially given India`s low vaccination rates.

India grows fastest among major economies, GDP expands 8.4 per cent in second quarter

Most big US banks are expected to report a stunning rebound in quarterly profits next week. With feared pandemic loan losses, they are failing to materialize even as trading income slumps and lending revenue stalls on low-interest rates and weak demand.

World Business Watch: US banks to see big jump in second-quarter profits before normalcy in results

According to the reports, AstraZeneca has told the European Union that it expects to deliver less than half the COVID-19 vaccines it was contracted to supply in the second quarter.

EU: AstraZeneca to miss second quarter vaccine supply target

The world's second biggest economy grew 6.7 per cent year on year in April-June, slightly quicker than AFP forecast

China economy beats growth forecasts in Q2

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