Markets mixed as earnings season hots up
It’s been an interesting morning in financial markets, not that you’d guess that based on the mixed trade being seen across Asia and Europe.
Source – Thomson Reuters Eikon
US futures are pointing to a similar start on Wall Street as well, which you’d typically associate with light newsflow but what we’re currently seeing is anything but. We’re getting earnings reports from a large number of major firms and the report card for the US has so far been far better than expected. Another 62 S&P 500 companies will report including Amazon, Intel and Ford so we’re not going to be short of things to talk about.
Failed M&A deals is another common theme today, with the Sainsburys/ASDA merger being blocked by the CMA and talks between Deutsche Bank and Commerzbank being abandoned.
For a look at all of today’s economic events, check out our economic calendar.
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