Before the Bell: Earnings move to the forefront

Wall Street futures were up early Thursday with traders turning their attention to earnings from big corporate names, including Apple after the close. Major European markets were positive.

“Indeed, this is about as dovish a take from Chair Powell as the markets will ever get from the typically conservative head of the Fed.” “The good news is that the morose expectations could be easier to beat,” she said, noting Apple’s revenue is expected to fall by about 3 per cent in the latest quarter.

Overseas, the pan-European STOXX 600 was up 1.28 per cent in morning trading. Britain’s FTSE 100 added 1.2 per cent. The Bank of England is scheduled to make its next rate announcement this morning. Economists expect to see no change in borrowing costs.Commodities “One minute, speculators are running with geopolitical risk; the next, its economic storm clouds billowing on the horizon,” SPI Asset Management’s Stephen Innes said in a note.

In other commodities, gold prices edged higher in early trading, supported by a weaker U.S. dollar and a decline in Treasury yields.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Apple earnings preview: Investors eye iPhone demand amid stiff competition in ChinaApple is set to report quarterly earnings after the bell on Thursday.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Lightspeed CEO’s attempt to win back investors faces test with Q2 earnings ThursdayLightspeed CEO once predicted the company would end up in a ‘Braveheart battlefield’ with Shopify, but now it is in a different fight
La source: globeandmail - 🏆 5. / 92 Lire la suite »

Paramount earnings preview: Ad market pressure, streaming losses in focusParamount will report quarterly earnings after the bell on Thursday. Here's what to expect.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Parkland Corp.'s third-quarter earnings double on strong refinery performanceFuel retailer Parkland Corp. says its third-quarter earnings more than doubled in 2023 thanks to favourable market conditions and the company's ongoing efforts to optimize its Burnaby refinery.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

Starbucks Q4 earnings preview: US likely to stay resilient, China remains a wildcardDid the Pumpkin Spice Latte boost sales once again?
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »