Premarket: Global stocks mark time ahead of U.S. data, earnings

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 92%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Premarket: Global stocks mark time ahead of U.S. data, earnings GlobeInvestor

Global stocks struggled to cling to recent gains on Tuesday and the dollar lingered with markets awaiting U.S. data and a slew of corporate and bank earnings for a fresh readout on the health of the world’s largest economy.

But much of the focus was already shifting to the United States, where futures pointed to a flat opening. The U.S. earnings season is kicking off with heavyweights JPMorgan, Goldman Sachs and Wells Fargo all due to report. “The 2019 earnings season will be roughly zero growth ... unless we see broader economic growth recovery, we may not see material earnings growth again for quite some time.”

“That feeds into the narrative of concerns around the global economy, the slowing in the U.S. economy, but also the need for potentially more aggressive rate cuts from the Fed to support the U.S. economy going forward,” Felsman said. Yields on benchmark 10-year German debt were steady at minus 0.2930 per cent after falling nearly five basis points overnight, its biggest drop in a month.

The dollar index, which tracks the greenback against a basket of six major rivals, was a touch stronger at 97.063.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines