Third quarter earnings season continues stateside. To date, two-thirds of the S&P 500 has reported results, with almost 80% beating earnings per share estimates and over 60% beating revenue forecasts!
The corporate calendar is lighter than recent weeks, but noteworthy after-hours updates are expected from fintech payment company Square on Wednesday, followed by worldwide entertainment company Walt Disney Co and "Call of Duty" and other video games maker Activision Blizzard on Thursday.
The highest profile US economic event of the week is the Federal Reserve interest rate decision, which follows the FOMC two-day meeting, on Thursday.
Economic data from the US - namely Initial Jobless Claims also on Thursday - may help maintain expectations that the Fed will raise interest rates once more in 2018. CME Group's FedWatch tool currently indicates a 92.8% chance that the target rate will remain at 200 to 225 basis points (bps) in November and a 69.1% probability of a 25bps increase in December.
Reminder: US Daylight Savings Time ends on Sunday 4th November, so the opening bell in New York will strike at 14:30 GMT as usual again from Monday.
Large-cap companies reporting Monday through Friday include:
Monday 5 November
Tuesday 6 November
Wednesday 7 November
Thursday 8 November
You can find out more about the US markets and how to trade US shares with interactive investor here.
These articles are provided for information purposes only. Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties. The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.
Full performance can be found on the company or index summary page on the interactive investor website. Simply click on the company's or index name highlighted in the article.