Fiona Cincotta
Fiona Cincotta
Senior Market Analyst
Expertise: Macroeconomics, Fundamental & Technical Analysis, Media
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Weekly equities forecast: Microsoft, Meta, Apple, Amazon
After an underwhelming start to earnings from the magnificent 7, Microsoft, Meta, Apple, and Amazon will release earnings this week.
S&P500 Forecast: SPX rebounds as big tech recovers & inflation is in focus
U.S. stocks point to a higher start as they recover from the weakness over the past few sessions, which saw the S&P 500 fall to a six-month low. An improved market mood and optimism of a soft landing helped lift stocks even as inflation was stickier than expected. Core PCE, the Fed's preferred gauge for inflation, remained at 2.6% YoY but personal spending remained solid at 0.2%,
Nasdaq 100 Forecast: QQQ pares losses after stronger GDP data
U.S. stocks have halted the deep sell-off. Better-than-expected economic growth in the second quarter helped to ease fears that the Fed may need to rush rate cuts to prevent a recession. Personal spending, the key driver for the US economy, was stronger than expected, and PCE cooled. The modest move higher comes after the Nasdaq experienced its worst one-day selloff yesterday since 2022.
DAX, USD/JPY Forecast: Two trades to watch
DAX falls amid global tech rout, weaker German business confidence.USD/JPY drops to a 12-week low as the carry trade unwinds & on safe-haven flows.
S&P500 Forecast: SPX falls after Tesla & Alphabet earnings underwhelm
U.S. stocks are to open sharply lower after Tesla and Alphabet's earnings underwhelmed. Tesla's net income almost halved to $1.47bn vs. the $1.9 bn forecast. Alphabet beat on earnings and revenue, but YouTube ad revenue missed forecasts. The selloff in Alphabet highlights how high the bar has been set.
USD/JPY, EURUSD Forecast: Two trades to watch
USD/JPY falls to a monthly low. EUR/USD falls after PMI data missed forecasts.
Nasdaq 100 Forecast: QQQ steady with US elections & earnings in focus
U.S. stocks are rising, adding to yesterday's gains as US elections remain in focus and earnings season ramps up. Kamala Harris appears to get the backing of the Democrats. Attention is also on Tesla and Alphabet ahead of their earnings release after the close. Tesla traded up 25% in July, and Alphabet is up 30% this year, so expectations are high.
EUR/USD, Oil Forecast: Two trades to watch
EUR/USD pares gains ahead of consumer confidence data. Oil holds steady near a monthly low.
S&P500 Forecast: SPX rises after Biden steps down from election race
U.S. stocks rose on Monday as the market considered the latest developments surrounding the US elections and Republican nominee Donald Trump's odds of a second term as President. Biden announced that he was stepping down from the race, endorsing Vice President Kamala Harris. The market is also looking to earnings & core PCE inflation data later in the week.
Weekly equities forecast: Tesla, Alphabet, Lloyds
Two companies from the magnificent 7 release earnings this week. Tesla and Alphabet will release earnings on 23rd July after the close, and Lloyds will kick UK bank's earnings off on Thursday 25th, ahead of the UK open.
S&P500 Forecast: SPX falls further from its record high, Netflix gains
U.S. stocks point to a mixed open at the end of a choppy week for the markets. The sell-off in tech stocks and mega-cap growth stocks appears to have steadied after a week, which has seen investors rotate away from the sector. Netflix is set to open higher after beating Q2 earnings and revenue forecasts and impressive subscriber numbers. Q3 guidance disappointed.