Wall Street earnings edged higher early Monday as corporate earnings move to the forefront. Here's what you need to know ⬇️
Wall Street futures edged higher early Monday as corporate earnings move to the forefront. Major European markets were modestly positive.In the early premarket period, futures tied to the Dow, S&P and Nasdaq were all in positive territory. All three are coming off a winning week despite weakness on Friday. Thesaw modest gains on Friday and managed its highest closing in six weeks. The index gained nearly 2 per cent last week.
U.S. bank earnings continue this week, with results from Charles Schwab on after Monday’s close followed by Bank of America on Tuesday and Morgan Stanley on Wednesday. Elsewhere, Netflix reports Tuesday afternoon and Tesla reports on Wednesday. “That would be a full percentage point down from February, and the lowest headline CPI reading since August 2021.”
Overseas, the pan-European STOXX edged up 0.09 per cent in morning trading. Britain’s FTSE 100 gained 0.42 per cent. Germany’s DAX added 0.14 per cent while France’s CAC 40 was flat.Commodities “The oil price will be one to watch in the wake of the upcoming Chinese data,” Tim Waterer, chief market analyst at KCM Trade, said in an early note.
“While these recent developments have contributed to the elevated price of oil, the price could be facing some risk to the downside should the Chinese macro data miss the mark,” Mr. Waterer said.In other commodities, gold prices gained as the U.S. dollar steadied.
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