Focus turns to corporate earnings as third quarter gets under way
WEEKLY MARKET COMMENTARY |
A large number of top-tier economic data releases are on tap for the week ahead. It’s also the kickoff to earnings seasons.
Expectations for third-quarter earnings have been set quite low, so the interplay of fresh economic data and corporate reports will likely drive asset prices this the week. Key earnings announcements to watch will be Goldman Sachs, Bank of America, Black Rock and United Healthcare.
Economic data to be published this week include retail sales, inflation, regional manufacturing, industrial production and consumer sentiment. Meanwhile, the Federal Reserve will send out six speakers, with the most prominent being St. Louis Federal Reserve President James Bullard on Wednesday and New York Federal Reserve President William Dudley on Thursday.