• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

Earnings Season Weighs On Markets

By Kurt Osterberg · On April 16, 2018

Asian markets were trading mixed to start the week as traders eyed U.S. earnings season which is set to begin in earnest this week. Thomson Reuters predicts S&P profits to have risen by 18.6 percent in Q1 2018 as compared to Q1 2017, the biggest increase in seven years. Profit-taking in advance of the earnings releases kept markets from heading broadly higher.

The Shanghai Composite struggled the most on Monday, falling 1.62 percent as of 2:20 p.m. HK/SIN. Hong Kong’s Hang Seng Index was not far behind, sliding 1.59 percent. The Nikkei 225 was up 0.26 percent and the ASX 200 was up 0.21 percent.

The coming week will be chock full of news announcements. U.S. retail sales will be reported later on Monday and 15 Federal Reserve speakers will be making statements. On Tuesday, China’s gross domestic product report will be released. FAANG stocks have struggled recently, with Facebook coming under significant pressure as founder Mark Zuckerberg faced privacy policy challenges. Traders are hoping that positive first-quarter earnings will reduce worries that sparked the sell-off of FAANG stocks last week. Also pressuring stocks was the fear of the trade war between the U.S. and China, since China is a big source of revenue for Apple. Although the trade war fears have cooled substantially since the end of last week, traders are still worried about what may happen due to U.S. President Trump’s tendency towards volatility.

Currency Movements

The dollar was trading mostly lower on Monday afternoon, pushing the dollar index down 0.09 percent to 89.76 .DXY. The dollar was down against the euro to $1.2332 and was trading down 0.07 percent against the yen to 107.26. The greenback also eased against the British pound and the Canadian dollar though it managed to eke out modest gains against the Swiss franc.

Print Friendly, PDF & Email

Share Tweet

Kurt Osterberg

You Might Also Like

  • Finance

    What is Invoice Factoring and Should You Use It?

  • Finance

    How McKinsey and Company’s “Radically Better Organization” Framework Applies to Freelancers

  • Finance

    How to Face Failure: You Can Damage or Strengthen Your Business

No Comments

Leave a reply Cancel reply

Top Finance

  • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce
  • Shark Tank Recap: Shed Defender, Tata Towels and Sanaia Applesauce Secure Deals Shark Tank Recap: Shed Defender, Tata Towels and Sanaia Applesauce Secure Deals
  • Hedge Funds In The US Hedge Funds In The US
  • One Ring To Rule Them All One Ring To Rule Them All
  • Dollar General (DG) Q2 Earnings And Revenues Surpass Estimates Dollar General (DG) Q2 Earnings And Revenues Surpass Estimates

New Posts

  • What is Invoice Factoring and Should You Use It?

    What is Invoice Factoring and Should You Use It?

    January 16, 2021
  • How McKinsey and Company’s “Radically Better Organization” Framework Applies to Freelancers

    How McKinsey and Company’s “Radically Better Organization” Framework Applies to Freelancers

    January 16, 2021
  • How to Face Failure: You Can Damage or Strengthen Your Business

    How to Face Failure: You Can Damage or Strengthen Your Business

    January 16, 2021
  • How Niches Provide New Growth Opportunities for Business

    How Niches Provide New Growth Opportunities for Business

    January 16, 2021
  • 2021 Social Media Design Trends All Small Business Owners Should Know

    2021 Social Media Design Trends All Small Business Owners Should Know

    January 16, 2021
  • About
  • Contact Us
  • Privacy & Policy
  • Sitemap
  • Terms of use

Copyright © 2018 NJCEE. All Rights Reserved.