Key earnings releases scheduled for the week starting October 30

This week 4 of the “Magnificent 7” (Microsoft, Amazon, Alphabet and Meta reported) reported their earnings and their results really didn’t matter. The markets were intent on moving to the downside spurred on by higher yields, concerns about global growth, concerns about the Fed, and concerns about Israeli/Hamas war. The wall of worry is high.

UK Earnings Ease in August, Sterling Heads Lower

UK Average Earnings Moderate Slightly in August The UK’s Office for National Statistics released earnings data for the month of August, revealing lower than anticipated numbers. Three-month average earnings, a data point closely watched by the Bank of England as it can contribute to elevated prices and a wage price spiral, eased more than anticipated

Nike gets big tick from investors after earnings beat, lower inflation

Share: Nike beat earnings consensus for FQ1 results. The quarter ending in August witnessed better pricing power. Nike earned $0.94 per share on revenue of $12.94 billion. NKE stock has conquered the 21-day SMA, signaling a new uptrend. August PCE data shows core inflation slowing its growth trajectory. Nike (NKE) stock has surged