Equities

The US elections take place on November 5th. Here, we look at how a Trump or Harris victory could impact sectors & stocks.

US banks kick off Q4 earnings season, with JP Morgan and Wells Fargo reporting. PepsiCo will also report earnings.

We take a look at the ASX 200 futures chart and identify bullish and bearish sectors of interest, to aid with index or stock analysis.

Earnings this week from Nike, Carnival and Tesco will be under the spotlight.

Earnings from Costco, Micron Technologies and AutoZone are due this week,

Earnings are due this week from FedEx, Next, and Kingfisher.

This week, Apple's annual Glow Time event, Oracle fiscal Q1 earnings, and GameStop Q2 earnings will be in focus.

This week, we look at Broadcom and Dollar Tree ahead of earnings and Berkeley Group ahead of a trading update.

Stocks to watch this week include Apple with the Worldwide Developers Conference, Broadcom as it releases fiscal Q4 and full-year earnings, and Oracle amid the release of Q2 earnings.

GBP/JPY is coiling up and primed to fire, sitting in a strong uptrend while bumping up against horizontal resistance dating back to when the Bank of Japan initiated a record FX market intervention to support the Japanese yen in April.

Chinese stock futures have surged on the resumption of trade on Monday, finding buying support after hitting multi-week lows on Friday. If the gains stick, it points to a potential trend change in both the Hang Seng and China A50. The gains track similar moves across the Asian region and follow a late surge on Wall Street to end May.

Obvious month-end window dressing in Australia and United States stocks drove significant late session rallies on Friday, sending Australian ASX 200 futures surging 1.5% from the lows hit in Asia. But with commodity prices down heavily on Friday including iron ore, whether the gains can stick is questionable.

A UK general election will be held on July 4th. Since the announcement, the FTSE has fallen around 1%, and GBP remains well supported. In short, the market is calm about the prospect of Labour, which is ahead in the polls, winning power. This is because it is expected, and the policies aren't radically different from Conservative policies. The economy as a whole isn't expected to change its course and the timing of the BoE rate cut could be more of a market driver. That said, there are some policies that could affect specific sectors, which we consider below.

It’s said the stock market isn’t the economy and based on the performance of Hang Seng futures on Wednesday, it’s hard to argue against. Because on the same day the International Monetary Fund upgraded its China economic growth forecast, stocks in Hong Kong are getting hammered.

After a choppy trading week last week, attention this week will be firmly on inflation. Inflation data from the eurozone, Australia, and the US will be released, and the latter could drive worries over high rates for longer. Earnings season is coming to an end, but numbers from Costco and Salesforce will be in focus. OPEC+ is due to meet, which could impact oil prices after they dropped 3.5% last week. Oil majors such as BP track the commodity price.

Nvidia is expected to report $5.18 in EPS on $22.9B in revenue, but the company’s outlook for the rest of the year will be even more significant for the Nasdaq 100 as a whole.

After record highs on Wall Street last week, attention now turns to earnings from Nvidia, the darling of Wall Street, to see whether the AI stock can push for further record highs.