GDP growth, Fed policy and profit reports to decide bull-bear bout
THIS week should decide the epic October battle between bulls and bears as verdicts on third-quarter economic growth, Federal Reserve policy and corporate earnings all hit the tape.
US stocks rallied last week and major indices accumulated their biggest weekly gains in more than a year as traders focused on better-than-expected earnings reports and glossed over European and energy-sector worries. The gains came after the broad Standard & Poor's 500 longest losing streak since 2011; near the end of the historically volatile month, the S&P 500 lies only a few points from where it started in October.
Last week's rally was prompted by the sense that the corporate world is back to its heyday with some of the biggest names in business, including Apple…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Wall Street bonus rules return to regulatory agenda in third try
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade
Israel hits back, markets react; STI down 0.4%