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Morning Bid: Tesla, Alphabet earnings take centre stage

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Global Markets,Joe Biden,Existing Home Sales

Markets mostly took Joe Biden's withdrawal from the U.S. presidential race in their stride, flicking the switch from politics back to focus on earnings and...

Markets mostly took Joe Biden's withdrawal from the U.S. presidential race in their stride, flicking the switch from politics back to focus on earnings and interest rates.

Euro zone consumer confidence figures and U.S. existing home sales, both due on Tuesday, are unlikely to shift that outlook. In Europe, defence firm Thales reports in the Paris morning, while Louis Vuitton earnings due after the market will help investors to gauge the pulse of Chinese demand. Profit warnings from Burberry and Hugo Boss, combined with a 27% drop in quarterly sales in greater China at Richemont last week, have dashed hopes for a better second half.Key developments that could influence markets on Tuesday:Earnings: LVMH, Thales, Coca-Cola, General Electric, General Motors, UPS, Tesla, Google

 

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