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© Reuters.
Investing.com – Tuesday, January 22nd, here are the top five things you need to know about financial markets:
1. The American future points to a fragile opening
US equity futures have indicated a much weaker opening early in the trading week, which worries sentiment.
At 5:20 (ET) (10:20 GMT), stocks were down 137 points, or about 0.55%, down 16 points, or about 0.6%, while stocks in the advanced technologies showed a drop of 55 points, or about 0.8%.
Wall Street was closed on because of the Martin Luther King Jr ..
Elsewhere, they were down, with most major stock exchanges in the region in negative territory as investors continued to monitor developments closely.
Previously, markets closed mainly in negative territory, the stock markets being in sharp decline.
2. Fourth quarter earnings season moves up a gear
Some 60 companies reported profits over the coming week, including seven stocks, during the second big week of the fourth quarter earnings season.
Tuesday sees Johnson & Johnson (NYSE :), Halliburton (NYSE :), Travelers (NYSE :), Stanley Black & Decker (NYSE :), and Dynamics of steel (NASDAQ 🙂 publish the results in the morning.
IBM (NYSE 🙂 is expected after closing with TD Ameritrade (NASDAQ :), and Capital One (NYSE :).
Read more: : Haris Anwar
3. Lower oil prices
As for commodities, it fell by more than 1%, as global growth pessimism fueled worries about future demand for crude oil.
US futures dropped 70 cents, or about 1.3 percent, to $ 53.34 a barrel.
International futures reached $ 61.87 per barrel, down 87 cents, or about 1.4%.
Weekly data on US crude supplies will be delayed to Wednesday, a day later than usual, due to Monday's holiday.
4. Existing home sales data
With regard to data, economic reports will be limited due to the closure of the government. Regularly scheduled durable goods will not be available, but existing home sales data will be available at 10:00 am (ET) (15:00 GMT).
According to estimates, sales of existing homes are expected to have fallen in units last month.
Recent data has painted a disturbing picture of the US housing market, with rising mortgage rates and limited stocks.
The balance, which measures the strength of the bank note against a basket of six major currencies, hardly changed near the three-week high of 96.00.
In the bond market, US Treasury yields declined slightly, with the benchmark bond at 2.75%, while the yield on US government bonds maturing was 2.59%.
5. World Economic Forum starts in Davos
Investors were likely to be wary of comments from political leaders and companies that would meet in Davos, Switzerland, for the WEF.
German Chancellor Angela Merkel, Japanese Prime Minister Shinzo Abe, Italian Prime Minister Giuseppe Conte and Brazilian Right-wing President Jair Bolsonaro are in the spotlight.
Christine Lagarde, head of the International Monetary Fund, and the British prince, William, will also be present.
However, US President Donald Trump or representatives of his administration will not participate in the forum following the closure of the government.
British Prime Minister Theresa May and French President Emmanuel Macron will also not be present.
– Reuters contributed to this report
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