U.S. futures gain with earnings in focus; Pound dips - BNN Bloomberg

Contracts on the S&P 500 rose 0.5 per cent, while those on the Nasdaq 100 futures climbed 0.8 per cent Netflix Inc. rallied in New York premarket trading after reporting a surge in subscribers. Tesla Inc. is due to report third-quarter results later Wednesday. European stocks headed for a fifth day of gains.

“The outlook for the U.K. is very, very difficult and certainly when focusing on our asset allocation it's predominantly in the US where we have much higher conviction and certainty of outcome,” Grace Peters, JPMorgan Private Bank's head of investment strategy, said on Bloomberg Television. Upbeat company results, cheaper valuations and U.K. policy reversals have helped buoy risk appetite in recent sessions. At the same time, investors are having to keep track of weakness in the global economy and the impact of persistent inflation on policymakers at the Federal Reserve and other hawkish central banks.

“US equities have priced the most recession risk, and earnings estimates have further to adjust,” strategists including Alex Saunders wrote in a note. “US bonds have priced the least risk, but it will take some time before bonds react to recession risks given the hawkish Fed.”

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. stocks pare gain; Pound, gilts drop on BOE comment - BNN BloombergU.S. Stocks trimmed their advance and the pound and U.K. gilts weakened after the Bank of England said a report that it is likely to delay the sale of government bonds until the market has calmed was “inaccurate.”
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Pound and U.K. bonds rally; U.S. stocks, futures advance - BNN BloombergThe pound rallied and U.K. bonds surged as more of Prime Minister Liz Truss’s package of unfunded tax cuts were reversed. Stocks rose, with investors preparing for a number of key earnings reports this week.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

S&P/TSX composite up nearly 400 points in late-morning trading, U.S. stocks also upGains in the technology and utility sectors helped lead a broad-based rally as Canada's main stock index gained nearly 400 points in late morning trading and U.S. stock markets also rallied. Let’s see if you report tomorrow when it’ll go down
Source: CTVNews - 🏆 1. / 99 Read more »