Brextension, Brelection, Brexinction: World market themes for the week ahead

Federal Reserve Board Chairman Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on the"Semiannual Monetary Policy Report to Congress" on Capitol Hill in Washington on July 11.There are no guarantees in life, but a 25 basis point Fed rate cut next week is widely considered a sure thing. You can see it in the CME’s FedWatch tool, where odds of a cut in the fed funds target rate to 1.50-1.75% are at 94%.

The 3-month/10-year yield curve too has turned positive after being inverted for the most part of six months. That’s down to a fall in shorter-dated yields, reflecting confidence the Fed has at least one more cut up its sleeve.Clues may lie in U.S. company earnings. As we near the half-way mark for the Q3 season, we’ve seen more upside surprises than misses from S&P 500 companies. That’s giving investors a reason to be optimistic about the business cycle.

Coming up: A crucial week for European banks. Names such as Deutsche Bank, HSBC, Credit Suisse, ING, BNP Paribas, and Santander will report third-quarter numbers and by Friday, results from 61% of the sector will be known.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Five things business owners should keep in mind ahead of the next recessionFor many Canadians, their businesses are their biggest assets. And when markets turn downward, their companies will be impacted significantly globeinvestor “Business owners often fall prey to the IKEA effect and price themselves out of the market by valuing their sweat and tears at a higher price than justified objectively.”
Fuente: globeandmail - 🏆 5. / 92 Leer más »