Market Outlook: Earnings Season, Flash PMIs, Canada And Europe Interest Rates

This week's Upcoming Earnings Releases

 

Company

Actual

Estimate

Microsoft (MSFT)

-

2.65

Alphabet A (GOOGL)

-

1.45

General Motors (GM)

-

1.88

Visa A (V)

-

2.25

Meta Platforms (META)

-

3.64

Boeing (BA)

-

-3.23

Moody’s (MCO)

-

2.32

 

 

 

Upcoming Major News

This week holds significant upcoming data that could have the potential to impact the financial markets.

 

The U.S

 

S&P Global is scheduled to release both the Flash Manufacturing and Flash Services PMIs on Tuesday, October 24, 2023, at 5:45 PM, GMT+4 (Dubai Time).

On Wednesday, October 25, 2023, New Home Sales data is set to be released by the Census Bureau at 6:00 PM, GMT+4 (Dubai Time).

The Fed Chair Powell is due to speak on Thursday, October 26, 2023, at 12:35 AM, GMT+4, (Dubai Time).

Durable Goods Orders m/m data is scheduled to be released by the Census Bureau on Thursday, October 26, 2023, at 4:30 PM, GMT+4 (Dubai Time).

The National Association of Realtors is set to release the Pending Homes Sales m/m data on Thursday, October 26, 2023, at 6:00 PM, GMT+4 (Dubai Time).

Core PCE Price Index m/m is scheduled to be released by the Bureau of Economic Analysis on Friday, October 27, 2023, at 4:30 PM, GMT+4 (Dubai Time).

 

 

Europe

On Tuesday, October 24, 2023, S&P Global is scheduled to release both the Flash Manufacturing and Flash Services PMIs at 12:00 PM, GMT+4 (Dubai Time).

The Main Refinancing Rate is set to be released by the European Central Bank on Thursday, October 26, 2023, at 4:15 PM, GMT+4 (Dubai Time).

 

 

The UK

S&P Global is set to release both the Flash Manufacturing and Flash Services PMIs on Tuesday, October 24, 2023, at 12:30 PM, GMT+4 (Dubai Time).

 

 

Australia

The Consumer Price Index (CPI) y/y is scheduled to be released by the Australian Bureau of Statistics on Wednesday, October 25, 2023, at 4:30 AM, GMT+4 (Dubai Time).

 

 

Canada

On Wednesday, October 25, 2023, the Overnight is set to be released by the Bank of Canada at 6:00 PM, GMT+4 (Dubai Time).

 

 

 

The content published above has been prepared by CFI for informational purposes only and should not be considered as investment advice.  Any view expressed does not constitute a personal recommendation or solicitation to buy or sell.  The information provided does not have regard to the specific investment objectives, financial situation, and needs of any specific person who may receive it, and is not held out as independent investment research and may have been acted upon by persons connected with CFI.  Market data is derived from independent sources believed to be reliable, however, CFI makes no guarantee of its accuracy or completeness, and accepts no responsibility for any consequence of its use by recipients.