Apple results; Central bank actions; Earnings abound


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1. Apple earnings: Apple is reporting outcomes after the closing bell.

Analysts count on that 42 million iPhones have been bought through the fiscal third quarter, down from 52.2 million within the prior quarter. Many potential patrons seem like ready for brand new iPhones to launch within the fall.

Apple (AAPL) is anticipated to launch three new iPhone fashions within the fall, although the exact timing of every is unclear.

2. It is raining outcomes: Pfizer (PFE), Procter & Gamble (PG) and Ralph Lauren (RL) are among the many essential corporations reporting outcomes earlier than the open. (BIDU) and Cheesecake Manufacturing facility (CAKE) will report after the shut.

Traders have already heard from worldwide corporations together with Sony (SNE), Nintendo (NTDOY), Honda (HMC), Samsung (SSNLF), BP (BP), Lufthansa (DLAKF), Credit score Suisse (CS) and Normal Chartered (SCBFF).

three. Central banks take heart stage: There’s loads of central financial institution motion to observe this week.

The Financial institution of Japan opted to depart rates of interest unchanged and proceed its long-running stimulus program, stunning many traders who had anticipated the central financial institution to make substantial tweaks to its insurance policies.

The Federal Reserve kicks off a two-day assembly on Tuesday. Whereas the Fed is just not anticipated to boost rates of interest on Wednesday, traders will take note of the central financial institution’s view on the financial system and clues about future rate of interest hikes.

The Fed has signaled that it is planning for 2 extra price hikes this 12 months and three in 2019.

On prime of that, the Financial institution of England is anticipated to announce an rate of interest hike on Thursday.

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four. International inventory market overview: US inventory futures have been holding regular, however worldwide markets have been combined.

Most European inventory markets posted small good points in early buying and selling, however many markets in Asia ended the day with losses.

July has been a great month for many inventory markets. The Dow Jones industrial common has powered forward four.three% through the month. The S&P 500 has gained three.1% and the Nasdaq posted a extra modest enhance of 1.6%.

Argentina’s Merval and Brazil’s Bovespa indexes have every rallied by greater than 10%. Main European inventory markets posted good points in July, with the benchmark Polish index notching a acquire of seven.four%.

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5. Coming this week:

Tuesday — Eurozone second-quarter GDP launched; Apple (AAPL) earnings
Wednesday — Federal Reserve proclaims rate of interest choice; Dash (S) and Tesla (TSLA) earnings Thursday — Financial institution of England proclaims rates of interest choice; Yum Manufacturers (YUM) and Aetna (AET) earnings Friday — US jobs report launched; Kraft Heinz (KHC) and Toyota (TM) earnings

CNNMoney (London) First printed July 31, 2018: 5:19 AM ET

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