Netflix releases its Q4'2019 earnings report on Tuesday at 13:00 MT (11:00 GMT). Are you ready to trade stock on it?
Asian equities fluctuate, as traders brace for American elections
On Tuesday, Asian equities fluctuated, with market sentiment tempered on the eve of the American midterm elections, hostile trade policies, not to mention the first key electoral test of Donald Trump's shocking tax cuts.
MSCI's index of Asia-Pacific equities MIAPJ0000PUS lost 0.1%, suppressed by a dive in Chinese equities as well as technology shares, while Japan's Nikkei soared by 1%.
Additionally, the equities of Asia-Pacific Apple suppliers, including Taiwan's Hon Hai Precision Industry, went down after Apple Inc declined by 2.8% after Apple had ordered smartphone assemblers to suspend plans for extra production lines for the iPhone XR.
The S&P 500 rallied by 0.56%, with financials, including Berkshire Hathaway backed by firm earnings.
Meanwhile, crude prices kept to multi-month minimums after America granted eight countries temporary waivers, so they could keep purchasing oil from Iran.
Ahead of Tuesday's American elections, market participants mostly expect Democrats to dominate the House of Representatives, and Trump's Republican Party is expected to retain the Senate.
If the Republicans manage to retain their House majority, then global equities will most probably jump on expectations for extra tax cuts.
In October, US leader told that his administration was geared towards producing a resolution calling for a 10% tax trim for middle-income households.
Besides this, the 10-year American Treasuries gains accounted for 3.203%, preserving most of its profits after Friday's firm American jobs as well as wage data and also staying not far from its 7 1/2-year maximum of 3.261% recorded on October 9.
A great number of market participants also expect US leader to proceed with his hard line on trade, no matter of the result of the elections.
However, some other experts noted that American shares tended to surge after midterm elections, probably due to the fact that financial markets are prone to pricing in political risks ahead of the American elections.
You are still in doubt whether it makes sense to trade stocks? Watch this.
The oldest US aluminum company Alcoa will post its earnings report for the fourth quarter of 2019 on January 16 at midnight.
Canada will publish the headline and core retail sales on January 24 at 15:30 MT time.
The European Central Bank will publish its monetary policy statement and announce the main refinancing rate on January 23 at 14:45 MT time.
Donald Trump spoke at the World Economic Forum in Davos. You have to hear this.