The Market Brief
Hey team. The market has been in consolidation mode for the past five days as we enter a busy earnings week that could significantly impact market direction.
Let’s dive into what we’ll be watching closely this week!
Macro Viewpoint
US stock futures dipped as investors awaited key earnings reports, hoping to extend the market's recent rally.
A fairly solid start to this earnings season, upbeat economic data and continued optimism around Federal Reserve rate cuts have helped indexes rally higher.
Stocks have been performing strongly since the start of October, supported by better economic data and policy easing bias from most global central banks.
More than a fifth of S&P 500 companies are due to report this week and their results could either boost or end the longest streak of gains this year.
A number of central bank speakers are due to speak on the day. In economic data, home sales, flash PMI and durable goods readings are due this week, as is the Federal Reserve's Beige Book.
