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    Wall Street was set to a weak start after China’s data

    US equity futures fell on Monday as slower-than-expected growth in China began a cautious tone ahead of a huge slate in earnings.

    what’s happening
    • Dow Jones Industrial Average 30 Futures
      YM00,
      -0.30%

      112 points down to 35059, down 0.3%

    • S & P 500 Futures
      ES00,
      -0.37%

      0.4%, or 16 points down to 4446

    • Nasdaq 100 Futures
      NQ00,
      -0.51%

      0.4%, or 67 points down to 15067

    30 Dow Jones Industrial Averages on Friday after higher-than-expected retail sales were announced
    DJIA,
    + 1.09%

    The S & P 500 rose 382 points (1.09%) to 35295.
    SPX,
    + 0.75%

    Increased 33 points (0.75%) to 4471, Nasdaq Composite Index
    COMP,
    + 0.50%

    I got 74 points or 0.5% in 14897.

    What is driving the market

    China reported Third-quarter year-on-year growth of 4.9%Due to the slowdown in construction production, it slowed significantly from the 7.9% recorded in the second quarter.

    UK bond yield
    TMBMKGB-02Y,
    0.713%

    The Bank of England’s governor soared after saying that the central bank had to act because of concerns that rising prices could boost inflation expectations over the medium term. Central bank officials in the United States are less wary of rising prices.

    There is also US data along the way in the form of industrial production and homebuilder sentiment numbers.

    This week’s release on Netflix further accelerates the revenue season.
    NFLX,
    -0.87%
    ,
    Tesla
    TSLA,
    + 3.02%

    And international business machines
    IBM,
    + 0.85%
    ,
    Above all.

    “The percentage of companies that are above expectations in both EPS and revenue is certainly slightly below the level of the previous quarter, but both statistics show 79% for EPS and 82% for sales in the past. It’s still very powerful compared to that, “said RBC strategist. A capital market led by Lori Calvasina. “Most companies also emphasize the continued strength of the underlying demand, which allows investors to look back (at least to some extent) on supply chain pressure in the past.”

    Wall Street was set to a weak start after China’s data

    Source link Wall Street was set to a weak start after China’s data

    The post Wall Street was set to a weak start after China’s data appeared first on Eminetra.

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