Market News & Analysis

Top Story

European Equity Market Handover – 24th April 2019

Stock market snapshot as of [24/4/2019 2:06 PM]


  • Global shares have been on tenterhooks for much of Wednesday as investors fixated on how Boeing, the biggest U.S. exporter in dollar value, would fare with quarterly earnings
  • Boeing profits fell 21%, but the group managed to beat most EPS estimates, giving the stock a surprising lift ahead of the start of U.S. cash trading.
  • Consequently, Wall Street futures retain a light bid, even after the S&P 500 and Nasdaq indices notched new record highs on Tuesday
  • European stock market sentiment is tardier on the uptake; still wary after signs that Beijing will be more circumspect about stimulus after Chinese growth appeared to respond more quickly than expected to recent fiscal loosening

Corporate News

  • Even a less severe read on Europe’s bank sector from resilient Credit Suisse earnings hasn’t improved the regional mood much. A high threshold for improvement is still required for laggards like Deutsche Bank, UBS and even Barclays, which report earnings in coming days
  • Despite the impact of Boeing’s grounded 737 Max model, its shares trade about $7 higher in pre-market deals. With cash flow and revenues coming in far worse than sharply-lowered forecasts, there remains a strong chance that the stock could dive later, taking U.S. markets, particularly the Dow, with it
  • Caterpillar shares also look shaky ahead of open, despite beating forecasts and raising guidance

Upcoming corporate highlights

Date

Time

Company

Event Name

24-Apr-2019

AMC

Visa Inc

Q2 2019 Visa Inc Earnings Release

24-Apr-2019

AMC

Facebook Inc

Q1 2019 Facebook Inc Earnings Release

24-Apr-2019

AMC

Microsoft Corp

Q3 2019 Microsoft Corp Earnings Release

24-Apr-2019

AMC

Citrix Systems Inc

Q1 2019 Citrix Systems Inc Earnings Release

24-Apr-2019

AMC

Raymond James Financial Inc

Q2 2019 Raymond James Financial Inc Earnings Release

24-Apr-2019

AMC

Fortune Brands Home & Security Inc

Q1 2019 Fortune Brands Home & Security Inc Earnings Release

24-Apr-2019

AMC

Xerox Corp

Q1 2019 Xerox Corp Earnings Release

24-Apr-2019

21:10

Chipotle Mexican Grill Inc

Q1 2019 Chipotle Mexican Grill Inc Earnings Release

AMC: after market close

Upcoming economic highlights

 


Disclaimer

This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.

GAIN Capital Singapore Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the GAIN Capital group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), GAIN Capital Singapore Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact GAIN Capital Singapore Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.

In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither GAIN Capital Singapore Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.

GAIN Capital Singapore Pte. Ltd. is not under any obligation to update this report.

Trading CFDs and FX on margin carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit cityindex.com.sg for the complete Risk Disclosure Statement.

Important Notice:

Cryptocurrencies are not legal tender currency and trading of derivatives on Cryptocurrencies are currently not covered under any regulatory regime in Singapore. Consequently, investors should be aware they do not have protection under the Securities and Futures Act (Cap. 289). Please ensure that you are fully aware of the risks.