Forex Analysis & Reviews: 10.10.2022 - Investors voice concern over...

10.10.2022 02:03 PM

Investors voice concern over inflation, FOMC minutes and key reports. Stock indices continue to fall

On Monday, European stock indices dropped for the fourth straight day, while US stock index futures declined as fears intensified that central bank policy tightening would seriously affect the global economy and corporate profits.

European Stoxx50 and S&P 500 index futures fell by 0.4%. Washington's move to further restrict China's access to US technology has hurt the semiconductor sector. Moreover, there are signs of slowing chip demand. Europe-listed Infineon, STMicro and OSRAM declined, while chip makers Nvidia and Advanced Micro Devices lost more than 1% each at the New York premarket.

A busy week is ahead. Inflation data will be released on Thursday. Moreover, the earnings season for the third quarter will start.

A possible rise in consumer prices will put pressure on policymakers to extend a 75 basis point rate hike beyond this year. The minutes of the Fed's last meeting on Wednesday may provide insight where the pain threshold lies for Fed officials. They are so far resolutely hawkish that neither financial market volatility nor the threat of an economic slowdown will deter them from raising rates.

Investors are also bracing for disappointment from earnings season as more than 60% of the 724 respondents to Bloomberg's latest MLIV Pulse survey predicted the earnings season would push the S&P 500 Index lower.

The poll underscores Wall Street's fears that even after this year's brutal sell-off, markets have not priced all the risks stemming from central banks' aggressive tightening and stubbornly high inflation. While JPMorgan Chase & Co., Citigroup Inc. and other major banks give their reports this week, iPhone maker Apple is in the spotlight. Its report is expected to provide insight into an array of key themes ranging from global consumer demand to the impact of a stronger dollar.

Morgan Stanley warned that the bear market in the US would not end until earnings forecasts were lowered or stock valuations better reflected risks.

After the destruction of the Crimean bridge and Russia's retaliatory strikes on Ukraine's infrastructure, the Moscow Exchange Index opened below 1,800 and has recovered half of its losses so far:

Key events this week:

Earnings this week include: JPMorgan Chase & Co., Citigroup Inc., Morgan Stanley, BlackRock, Delta Air Lines, Fast Retailing, Infosys, PepsiCo, TSMC, Tata Consultancy, UnitedHealth, US Bancorp, Walgreens Boots, Wells Fargo, Wipro
Fed's Lael Brainard and Charles Evans speak, Monday
IMF's World Economic Outlook and Global Financial Stability Report, Tuesday
Fed's Loretta Mester speaks, Tuesday
BOE's Andrew Bailey speaks, Tuesday
FOMC minutes for September meeting, Wednesday
US PPI, mortgage applications, Wednesday
OPEC Monthly Oil Market Report, Wednesday
Fed's Michelle Bowman and Neel Kashkari speak
US CPI, initial jobless claims, Thursday
G-20 finance ministers and central bankers meet, Thursday
China CPI, PPI, trade, Friday
US retail sales, business inventories, University of Michigan consumer sentiment, Friday
BOE emergency bond buying is set to end, Frida

你今天已经点赞上这篇文章了

*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。

If you have any content questions, please contact editorial-board@instaforex.com

Stock Markets

Andrey Shevchenko,
Analytical expert of InstaForex
© 2007-2025

该作者的更多文章

电子邮件订阅

EURUSD

Euro vs US Dollar

选择时间框架

分钟

小时

天

周

开始交易

通过InstaForex赚取加密货币汇率变动的收益。

下载MetaTrader 4并开启您的第一笔交易。

推荐文章

3月21日股票市場展望：S&P 500 和 NASDAQ 再次承壓

美國市場處於整合階段。川普尋求參議院支持對伊朗進行打擊

聯邦儲備局向股市拋出救生圈

美國市場上揚，因聯邦儲備委員會保持利率不變

3月20日美國股市：標準普爾500指數和納斯達克指數重獲穩定

2025年3月20日標普500指數預測

美國市場概覽：增長後的回調。焦點在於聯準會。預期不會有利率變動

3月18日股市概況：S&P 500和納斯達克指數連續第二天上漲

美國股市：支持位促成連續兩日上漲

3月17日股市分析：S&P 500和納斯達克持續承壓

Top analytics