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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, Asian equities rallied, underpinned by a leap in Chinese shares on signs that China and America might be taking steps to clarify their long-lasting trade clash, while crude prices resumed their dive on fears of oversupply…
On Wednesday, European equities reached their lowest value for two weeks because data disclosing that the German and Japanese economies shrank in the third quarter drove fears about global surge in the face of a dive in crude prices…
On Tuesday, European equities managed to rally, tracking global profits, although advances were tamed by weakness for key crude companies because oil prices go down…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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