Third quarter earnings season starts this week | IFCM Germany
IFC Markets - Forex Währungshandel

Third quarter earnings season starts this week

  • IFC Markets
    2023/02/27
  • IFC Markets
    2023/02/20
  • IFC Markets
    2023/02/13
  • IFC Markets
    2023/02/06
  • IFC Markets
    2023/01/30
  • IFC Markets
    2023/01/23
  • IFC Markets
    2023/01/16
  • IFC Markets
    2023/01/09
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US stocks ended three-week skid last week as US and China reached a “substantial, phase-one” deal including Chinese promises to buy $40 - $50 billion more US agricultural products in exchange for eliminating a planned increase in tariffs that had been set to go into effect October 15. The SP 500, Dow and Nasdaq reversed the downtrend after all three rebounded above their respective 50-day moving averages. SP500 gained 0.6% while the ICE US dollar accelerated its decline to 0.5% as Federal Reserve revealed plans to purchase $60 billion of short-term Treasury debt each month in an effort to ward off stress in overnight lending markets.

All six largest developed market indexes advanced last week. Hang Seng’s gain paced advances: it rebounded 1.9%. Five out of six major currency pairs maintained previous week’s dynamics, and the range of major currency pairs’ weekly fluctuations doubled as it shifted up. The Pound was the leader in terms of percentage change: it rallied 2.6% against the US dollar. Third quarter earnings season will kick off this week with banks JPMorgan, Goldman Sachs and Citibank expected to rep[ort Tuesday. Among economic reports inflation updates from China, UK, New Zealand, euro-zone and Canada are due on Tuesday and Wednesday.

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