Market Multiple Levels Chart (October Edition)
Market Multiple Levels Chart (October Edition): Start a free trial of The Sevens Report.
What’s in Today’s Report:
- Market Multiple Levels Chart (October Edition)
Futures are modestly lower following mixed economic data and as the Israel and Hamas war appeared set to escalate.
Economically, E.U. Industrial Production beat while Chinese CPI was flat y/y, increasing deflation concerns.
Israel warned more than one million residents to evacuate southern Gaza in the next 24 hours as it readies for a potential invasion and oil is rallying 3% as a result.
Earnings season starts today and there are several large banks that are reporting results. In addition to the earnings, markets will want to hear positive commentary on consumer spending on the earnings calls. Important reports today include: JPM ($3.89), UNH ($ 6.33), BLK ($8.52), C ($1.26), WFC ($1.25).
Economically, the only notable report today is Consumer Sentiment (E: 67.5) and it would take a spike in inflation expectations for that to move markets.
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