By IFCMarkets
Investors expect the corporate earnings to come out
US dollar index advanced on Friday on positive retail sales and September producer prices data. Moreover, the Fed Chair Janet Yellen said more stimulus measures may be needed for economic growth. Stock indices remained almost flat on Friday as investors expect further release of corporate data. Only 34 companies from S&P 500 index have released their earnings data so far. The Q3 earnings shall fall by 0.4%, according to consensus-forecast. This week the General Electric, Johnson & Johnson and Bank of America will report their earnings. Total S&P 500 earnings fell 5% in Q1 2016 and another 2.1% in Q2. Manufacturing production data for September came out in US on Monday. They were in line with expectations and did not affect the markets.
European indices move sideways
European indices slightly fell on Monday after growth on Friday. In general the market is moving sideways. Stock prices fell early this week on weak outlook for British media group Pearson and Norwegian fish company Marine Harvest. No significant economic news came out in EU on Monday. Euro slightly advanced on Monday after the Friday decline. Investors expect the ECB meeting which will take place on Thursday. The quantitative easing program may be extended over the next March.
Final manufacturing production for August slightly fell in Japan, the data came out on Monday. Nikkei was almost unchanged. Yen slightly strengthened amid lower exports from China. China and Japan are considered to be regional competitors.
Market Analysis provided by IFCMarkets
Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.
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