The Q3 earnings season started this week, with some key U.S. companies reporting their latest figures. By the end of last week approximately 20% of the companies on the S&P 500 had reported results, so far, the news has been good.
U.S. stock-index futures declined, with the Standard & Poor’s 500 Index (CME:SPZ14) poised to drop a second day, amid further signs of slowing growth in Europe and as investors await corporate earnings reports to assess the strength of the American economy.
On Friday, the Nikkei index managed to make back some of the losses from the previous session when the global markets had tumbled. Ahead of the weekend, this was undoubtedly due to short-covering and also some "bargain hunting."
Saudi Arabian shares retreated the most in more than three months, leading declines in the Middle East amid investor concern that Arab nations may be at risk of retaliatory attacks by Islamic State militants.
Benchmark indexes rose to new records today. Jobless claims decreased by 36,000 to 280,000 in the period ended Sept. 13. The pound strengthened for a third day versus the euro, reaching its highest level in two years.