US earnings, Chinese data in focus this week

AFTER stumbling on a severe selloff led by the US at the end of last week, markets will be watching the start of the earnings season, the Federal Open Market Committee's (FOMC) September meeting minutes and a slew of Chinese data in the week ahead.

Most global markets regained their footing after one day of bloodshed, but the US equity markets took an extra day to recover. On Friday, the Dow Jones Industrial Average advanced 1.15 per cent to 25,339.99, while the S&P 500 picked up 1.42 per cent to 2,767.13. The Nasdaq Composite rose 2.29 per cent to 7,496.89.

However, gains were capped by continued worries over trade tensions and rising interest rates; all three indices experienced their largest weekly percentage declines since March 23.