Stock futures edged up ahead of a big week of tech earnings, with Facebook set to post slower sales growth after markets close
Strong earnings from banks, consumer companies and manufacturers have soothed investors’ concerns that higher inflation and labor shortages could erode profits. U.S. indexes have neared or passed all-time highs.
“One of the more notable takeaways from the earnings reports seen so far has been the ability of companies, for the most part, to pass on increases in prices onto their customers without seeing a drop in sales,” said Michael Hewson, chief markets analyst at CMC Markets. Disappointing results last week from social-media company Snap, which warned that tougher privacy rules from Apple would likely, could be a “canary in the coal mine for the rest of the tech sector,” Mr. Hewson said. Should the tech giants reporting earnings this week also post dour outlooks, it “could see the mood sour quite quickly.”
A key question remaining is how global central banks will respond to rising prices. Recent trading in short-dated U.K. gilts suggests investors think the British government may raise interest rates as soon as November. Investors await comments from the European Central Bank and the
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
HSBC Says It Will Buy Back $2 Billion in Stock as Profit JumpsThe London-based bank, which makes most of its profit in Hong Kong and mainland China, earned $3.54 billion in the three months to the end of September, up from $1.36 billion in the same period last year.
Read more »
French company Crypto Blockchain Industries to list on Paris stock marketFrench company Crypto Blockchain Industries said it would list on the Paris Euronext Growth stock market, highlighting the burgeoning appeal of cryptocurrencies around the world.
Read more »
Asia-Pacific stocks mixed as investors look ahead to HSBC earningsJapan stocks set to slip as investors look ahead to HSBC earnings
Read more »
European markets set for modest rise, with earnings in focus; HSBC beatsEuropean stocks are set to open slightly higher on Monday as investors continue to monitor corporate earnings, Covid-19 and the inflation picture.
Read more »
Huawei should dissolve, disperse and seed China’s high-tech futureHuawei has a never-say-die business culture. It could become a national champion for Xi Jinping’s mission to make China more self-reliant in technology
Read more »