Arab Today, arab today slower growth in china and the us stock market
Last Updated : GMT 10:54:55
Arab Today, arab today
Arab Today, arab today

Slower growth in China and the US stock market

Arab Today, arab today

Arab Today, arab today Slower growth in China and the US stock market

New York - Arabstoday

Investors are looking at an onslaught next week. If it’s not corporate earnings, it’s Ben Bernanke talking about economic issues before Congress. Recent warnings from a number of companies, including chipmaker Advanced Micro Devices, helped drag the S&P 500 lower for six straight days before a Friday rebound. The S&P 500 and Dow erased losses for the week, barely finishing higher by 0.2 per cent and less than 0.1 per cent, respectively. The Nasdaq composite fell 1 per cent for the week. With a slew of companies set to report results next week, the hope among investors is that the bad news has been factored in, but the broader picture remains lacklustre. That may limit the market’s gains even if companies clear a low bar. “Expectations have been beaten down a lot,” said Robbert Van Batenburg, head of equity research at Louis Capital in New York. “The problem is we’re dealing with a global slowdown, and I’m sure that’s going to be reflected in some of the comments you’re going to be hearing.” Data showing slower growth in Europe, China and the United States has weighed on the stock market, while US companies have warned about overseas weakness and a stronger dollar hurting profits on exports. The minutes from the Federal Reserve’s June meeting suggested it is not ready to inject more monetary stimulus into the economy, but traders will be hanging on Federal Reserve Chairman Ben Bernanke’s every word for mention of such a possibility and how he views the slowing economy. Next week dozens of Standard & Poor’s 500 companies are to report. They run from top technology names, including Intel and Microsoft to General Electric and Coca-Cola Co. Earnings estimates have already fallen sharply. S&P 500 earnings for the second quarter now are expected to rise just 5 per cent from a year ago, down from an estimate of 9.2 per cent at the beginning of April, according to Thomson Reuters data. Nearly all sectors have seen estimates fall due in part to weak demand in Europe. Energy and utilities are expected to be the weakest performers this quarter after big declines in energy prices in the second quarter. The fall in estimates could be enough so that the majority of companies end up beating expectations, as they typically do, inspiring a relief rally. That could bolster the S&P, where trading has narrowed to a range between 1,310 and 1,370 for most of a month. Investors could see some downside surprises in high-end consumer companies, industrials and financials, said Paul Mangus, head of equity research and strategy for Wells Fargo Private Bank in Charlotte, in North Carolina. For example, Bank of America Inc is expected to report earnings of 15 cents a share on Wednesday, but Thomson Reuters StarMine’s SmartEstimates put expectations at 13.5 cents per share, or a miss of about 9 per cent. The technology sector could end up being a mixed bag, Mangus said. “On one hand, there are very good trends on the software side. [But] there may be some disappointments among some of the hardware manufacturers. In certain cases, we’re seeing some weak PC sales,” he said. Besides Advanced Micro Devices, a weak forecast was issued by fellow chipmaker Applied Materials this week, while engine maker Cummins Inc warned on sales. AMD reports results on Thursday. Negative to positive earnings guidance for the second quarter is 3.3 to 1, the worst since 2008, Thomson Reuters data showed. Among other S&P companies scheduled to report are Goldman Sachs, Citigroup and Johnson & Johnson. The final details of a Spanish bank bailout are expected next week among developments in the 2 1/2-year old euro zone debt crisis. Bernanke is due to deliver his semiannual monetary policy report to Senate and House committees on Tuesday and Wednesday, though analysts said he is not likely to divulge plans of further economic stimulus. Stocks lost ground this week as minutes from the Fed’s June meeting showed policymakers are open to the idea of more economic stimulus, but that conditions might need to worsen first. Investors were hoping the Fed’s June minutes would suggest the central bank was getting closer to another round of stimulus. “I don’t think he’s going to allude to any quantitative easing, so I don’t think you’ll get any solace from that,” Van Batenburg said. Bernanke is more apt to urge Congress to act on fiscal policy and tackle the issues of huge budget deficits and the impact on the economy of approaching sharp cuts in government spending known as “the “fiscal cliff.” “I would expect him to try to bring the message home to policymakers to address the fiscal cliff. Fiscal tightening flies in the face of any effort to dodge deflation.” From gulfnews

arabstoday
arabstoday

GMT 21:31 2017 Wednesday ,18 October

Bahrain Bourse daily trading performance

GMT 16:08 2017 Saturday ,14 October

US stocks rise on strong retail sales; Europe mixed

GMT 04:42 2017 Saturday ,14 October

Egyptian Bourse gains EGP 2.6 bn

GMT 04:32 2017 Saturday ,14 October

US stocks rise on strong retail sales; Europe mixed

GMT 20:52 2017 Thursday ,12 October

Egyptian Bourse loses EGP 3 bn

GMT 13:12 2017 Thursday ,12 October

Bahrain Bourse daily performance
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today slower growth in china and the us stock market Arab Today, arab today slower growth in china and the us stock market

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today slower growth in china and the us stock market Arab Today, arab today slower growth in china and the us stock market

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Writing's on the wall for Trump, Zuckerberg

GMT 09:05 2017 Thursday ,19 October

Writing's on the wall for Trump, Zuckerberg
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday