Markets Week Ahead: Fresh US earnings roll around with bank reports
Rene Anthony
Key takeaways:
Oil traders will be assessing a new bout of instability and conflict in the Middle East, while key policymaker speeches and US earnings loom large
Economic Calendar and News
Here’s what’s drawing attention in the coming week:
Local Sentiments: It looks like Australians aren’t too optimistic lately. Both consumer and business confidence readings are expected to show a more negative outlook on the Australian economy.
US Federal Reserve’s Insights: The minutes from the Fed’s September meeting are dropping soon. All eyes are on them to gauge how close they were to hiking the rates again.
Fed Officials Take the Stage: Several officials from the Fed will be sharing their thoughts in the upcoming days. Their speeches might shed some light on the future monetary policies.
US Inflation Figures: The monthly inflation data for the US is out this Thursday. Experts are forecasting an annual headline reading of 3.8% and a slight dip in the core inflation rate to 4.1%.
Stocks on Watch
Here’s where the market’s gaze might be fixed:
Energy Markets in Focus: With tensions rising in the Middle East, energy stocks like Woodside Energy (ASX: WDS), Exxon Mobil (NYSE: XOM), and Chevron (NYSE: CVX) might see some action.
Gold’s Shine: Given the geopolitical uncertainties, gold stocks such as Northern Star Resources (ASX: NST), Evolution Mining (ASX: EVN), and Barrick Gold (NYSE: GOLD) could be the ones to watch.
US Earnings Season Kicks Off: Big banks in the US, including JPMorgan (NYSE: JPM), Wells Fargo (NYSE: WFC), and Citigroup (NYSE: C), are announcing their results this Friday.
Other Earnings Reports: Keep an eye out for earnings from BlackRock (NYSE: BLK), PepsiCo (NASDAQ: PEP), Delta Air Lines (NYSE: DAL), Walgreens Boots Alliance (NASDAQ: WBA), Domino’s Pizza (NYSE: DPZ), and UnitedHealth (NYSE: UNH).
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