Switzer on Saturday

Earnings better than expected and momentum picking up

Founder and Publisher of the Switzer Report
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Friday Close
Change
Change %
Week Change %
Dow Jones
26,770.20
-255.68
-0.95%
-0.17%
S&P 500
2,986.20
-11.75
-0.39%
0.54%
NASDAQ
8,089.54
-67.31
-0.83%
0.40%
ASX 200
6,649.70
-35.00
-0.52%
0.65%
Data for week commencing 14 October 2019

Trade deal dreaming has been disturbed again and we’re going to have to get used to this, as we wait for the meeting of Presidents Donald Trump and Xi Jinping in Chile at the APEC Forum held between November 11 and 17. US earnings season is a big distraction, so is Brexit as an MP vote on the latest deal looms. And a new curve ball of US tariffs is set to hit cheese, wine, olives and other European goods.

Global stock markets didn’t need another issue to stress about but it is what it is. “Washington introduced the measures in response to EU subsidies for European aircraft maker Airbus,” dw.com reports. “The plan will see duties of 10% on Airbus planes and 25% for agricultural products like French wine, Italian cheese, and Scottish whisky”.