(CercleFinance.com) – Futures on the S&P500 (-0.1%) and the Nasdaq-100 (-0.2%) predict a rather hesitant opening on the New York Stock Exchange, as the trading season has just started. third quarter results with several publications in the financial sector.
‘As EPS consensus has been lowered by around 4% over the last quarter, companies have room to surprise positively,’ Michael Brown, senior research strategist at Pepperstone, recently pointed out.
Flagship publication of the session, JPMorgan Chase is expected to be approximately stable at the opening, despite the announcement by the New York banking establishment of better than expected quarterly EPS, up limited from 1% to 4, $37.
Operators could give a more clearly favorable reception to the results revealed by the asset management giant BlackRock, accompanied by a record net inflow, as well as those of the Californian bank Wells Fargo, above expectations.
On the macroeconomic front, the trend of a slow decline in American inflation seems to be confirmed with the annual rise in producer prices, which slowed by 0.1 point last month to 1.8% in raw data and to 3.2 % in underlying data.
Half an hour after the bell, operators must still take note of the consumer confidence index calculated by the University of Michigan, expected to rise slightly compared to a level of 70.1 last month.
