The reporting season is in full swing, what’s coming on the stock markets today?

The reporting season is in full swing, what’s coming on the stock markets today?
The reporting season is in full swing, what’s coming on the stock markets today?
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This is how the stock markets are doing this morning

  • The leading American stock indices closed Wednesday trading mixed: the Dow lost 0.11% of its value, while the S&P 500 rose by 0.02% and the Nasdaq by 0.10%.
  • The quarterly reporting season is in full swing, yesterday, after the closing of the American stock exchanges, Meta published its numbers, to which the exchange rate reacted with a 15 percent drop.
  • The picture on the Asian stock exchanges is mixed, South Korea’s Kospi index fell 1.4 percent, while Hong Kong’s Hang Seng rose 0.4 percent and China’s Shanghai Composite rose 0.2 percent. The Japanese market performed particularly poorly, with the Nikkei down 2.1 percent.
  • The European futures indices predict small gains for the opening, the DAX may start trading with a gain of 0.2 percent, the CAC-40 by 0.1 percent, and the FTSE-100 by 0.3 percent.

What’s driving the markets today?

The In the United States, preliminary data on GDP and unemployment claims number, which is the most important data release of the week at the international level, as these data can be indicative of the performance of the American economy and the job market situation. If the momentum in the first quarter, similar to the previous one, is sustained, it could put further pressure on the Federal Reserve. In the last quarter of 2023, the American economy produced a growth of 3.4 percent, the analyst consensus for the first quarter of this year indicates an expansion of 2.3 percent.

On the corporate front, the American flash reports will be in focus, several of the big guns of the technology sector will be reporting this week. and the general meetings take place at home, today Mol and Richter are holding their annual general meetings.

Cover image source: Shutterstock


The article is in Hungarian

Hungary

Tags: reporting season full swing whats coming stock markets today

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