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The financial outcomes of transnational corporations to be uncovered this week, might shed light on whether the trade dispute will have an impact on the US participation in the American stock market, and also how global tensions influence the performance of companies.
The prospect of a full-scale trade war alarmed American companies and investors in the shares after in April the American President Donald Trump rolled out tariffs on imports of steel and aluminum. The comments of the American leader and the reports he posted on Twitter about the unfair behavior of Washington's trading partners definitely hit the market.
In return, China introduced retaliatory tariffs, which stepped up volatility in the stock market.
Over the coming week, over half of the 25 American companies most vulnerable to the threat of a trade conflict are going to uncover their financial outcomes, according to Credit Suisse. Among them are Halliburton Co, 3M Co, Texas Instruments Inc, Boeing Co, Intel Corp as well as Chevron Corp.
In general, more than 180 companies of the S&P 500 index are going to reveal their financial results during the week.
Market participants will pay much attention to the views of corporate leaders as for their dependence on China, which is the world's number two economy, and also a crucial market for many American companies.
Comments of companies on tariffs and trade can potentially cloud the otherwise brilliant season of reporting. The profits of S&P 500 companies in the first quarter are supposed to leap by 20%.
The head of Lam Research, a provider of chip manufacturing equipment, Martin Anstis told that the company hasn’t observed the impact of tariffs yet, although it’s closely watching the probable deterioration in consumer sentiment or changes in the policies of other American companies in the industry.
On Thursday, the American stock market dived at the beginning of the trading session amid news that US President Donald Trump canceled a scheduled meeting with North Korean leader Kim Jong-no…
On Thursday, European markets rallied, as investors watched the steep increase in financial as well as technological stocks…
On Wednesday, American stock indices dived due to a new round of geopolitical as well as foreign trade risks…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
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