Entering 'Blackout' Period... Focus Shifts to Corporate Earnings

Here is the global market roundup.

First, let's look at this week's New York stock market.

Netflix is scheduled to release its earnings on the 21st, followed by Tesla and IBM releasing their scorecards on the 21st.

Then, on the 23rd, S&P Global's October manufacturing and services PMIs will be released.

As this week's New York stock market enters a blackout period with no major economic indicators ahead of the Federal Reserve's monetary policy decision, it is expected to be a week focused on corporate earnings reports.

The market is paying particular attention to the major corporate earnings announcements coming after the market close on the 21st.

Meta Platforms, which has poured astronomical funds into building AI infrastructure, along with Lam Research, Texas Instruments, Tesla, and IBM, will release their earnings results sequentially.

In addition, Nvidia's GTC Berlin event, which will be held for three days starting from the 21st, and the guidance of major AI value chain companies are also expected to be turning points that will influence market volatility.

Next, let's examine the U.S. futures market.

While last weekend's U.S. stock market saw continued profitability concerns over AI infrastructure investments and sell-offs in semiconductor stocks, U.S. stock index futures are rising across the board.

In particular, Dow futures and Nasdaq 100 futures are showing significant gains.

Dow futures are up 91 points, trading around the 52,000 level, while Nasdaq 100 futures are up 128 points, indicating the 29,500 level.

S&P 500 futures are also showing an upward trend, passing the 7,700 level.

Looking at Russell 2000 futures, centered on small-and-medium-sized stocks, small-cap stocks also showed sympathetic weakness as the sell-off centered on tech stocks expanded in the U.S. stock market last weekend, but Russell 2000 futures are trading up 11 points at the 22,700 level.

While U.S. long-term Treasury yields generally showed a downward trend last week, the 10-year U.S. Treasury futures are moving at 5.099% and 30-year U.S. Treasury futures are indicating 5.575%.

Also, looking at the commodity futures market, gold futures prices are being supported by safe-haven demand due to increased market volatility, trading around $4,191 per ounce.

In addition, crude oil futures are declining slightly around $101 per barrel, even though rising tensions in the Middle East and concerns over Russian crude oil export disruptions are fueling supply anxiety.

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