A Close Look At Monday’s Key Market Events
$IBM, $TRV, $UTX, $VZ, $AXP, $BA, $MMM, $CAT, $MSFT, $MCD, $PG
There will be lots of earnings reports comming to Wall Street this week, these DJIA components among them: IBM, TRV, UTX, VZ, AXP, BA, MMM, CAT, MSFT, MCD, PG
Big Blue reports Monday (NYSE:IBM)
The Key item participants will be paying close attention to Monday morning, will be China’s Q-3 GDP report.
China’s Q-3 GDP Report (Sunday, 18 October, 10:00p. EDT) and it came in higher that economists predicted at 6.9%.
Why it it important
- China got the global market/s into their late-Summer turmoil, so participants are waiting to see if China can convincingly get the global market/s out of that turmoil with some uplifting economic news
- GDP data offers a telling picture of where the Chinese economy stands
- GDP growth has been in a steady state of deceleration since Q-1 of Y 2010 when it hit 12.1%
- Given the growing importance of China’s economy for the global economy, the GDP report has far-reaching trading implications for capital markets
- Policy stimulus expectations will be influenced by China’s GDP report
Economists expected a 6.8% growth rate Y-Y for Q-3. That would have been the slowest pace since the Q-1 of 2009.
What’s in play?
- China ETFs
- iShares China Large-Cap ETF (FXI)
- ProShares UltraShort FTSE China 50 (FXP)
- db X-trackers harvest CSI 300 China A-Shares Fund (ASHR)
- iShares MSCI China ETF (MCHI)
- SPDR S&P China ETF (GXC)
- China Small Cap ETF (HAO)
- Market Vectors China ETF (PEK)
Regional ETFs
- iShares MSCI Emerging Markets (EEM)
- SPDR S&P Emerging Asia Pacific ETF (GMF)
- iShares MSCI Japan (EWJ)
- iShares MSCI South Korea Capped ETF (EWY)
- iShares MSCI Singapore (EWS)
- iShares MSCI Australia ETF (EWA)
- iShares MSCI Taiwan ETF (EWT)
Currencies
- USD/CNY
- USD/JPY
- EUR/USD
Have a terrific week.
HeffX-LTN
Paul Ebeling
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