Tres días de "tensa espera" en el mercado antes de tres semanas de traca
Los nervios vuelven a aflorar en los mercados, con la deuda como foco renovado de tensión. La agenda financiera depara ahora tres días de "tensa espera", antes de dar paso a tres semanas frenéticas por la combinación de citas clave. Leer
Three days of tense anticipation awaited the market before a three-week period of rapid developments, as financial nerves resurfaced with debt as a renewed source of tension. The financial agenda called for three days of anxious waiting prior to a flurry of key announcements. Corporate earnings were identified as the primary source of optimism for analysts to combat latent market pressures.
Risk of contagion from France added to the growing list of market concerns. Analysts at Bankinter warned of a tense waiting period, as new developments would only begin to emerge after October 13th. Goldman Sachs planned to launch the unofficial start of the new quarterly earnings season on Wall Street the following Tuesday, seen as the market's strongest support.
Once the U.S. earnings season began, daily corporate updates would follow. Analysts at Renta4 projected a 29.5% and 12.3% rise in earnings per share and revenue growth for S&P 500 companies, respectively, compared to estimates made in June. If these projections were met, it would mark the third consecutive quarter of double-digit earnings growth for the S&P 500 and the eighth consecutive quarter of double-digit growth for the index.
The daily drip of corporate earnings would continue to challenge market optimism starting October 13th. In Spain, company earnings would begin the day after the start of the U.S. earnings season on October 21st. The first avalanches of earnings would dominate markets with a wide range of key announcements within the next three weeks.
On October 14th, just a day after the kickoff of the U.S. earnings season, a key inflation data release for the Fed would be published. The U.S. inflation figure would serve as the final major macro indicator before the Federal Reserve's next meeting. On October 28th, the U.S. central bank would decide whether to continue its latest rate hike or pause.
On October 29th, attention would shift to the European Central Bank meeting, tasked with calibrating inflation pressures, financing costs, and concerns over public debt, including France's. The central bank's meetings would continue for a third day on October 30th, with the Bank of Japan maintaining its record-high interest rates.
Investors had few days of respite to absorb the influx of monetary policy news. The wave of corporate earnings would continue into the first week of November, with market focus shifting to politics on November 3rd. The first Tuesday of the month would mark the midterm elections, potentially influencing U.S. foreign, trade, and fiscal policies, key factors in market evolution over the next two years.
Debt, earnings, macro data, central banks, and elections would dominate the frenetic agenda for the coming weeks, potentially shaping market close levels at year-end.
Written by urgent.news from Expansion ES's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
