It’s been an interesting morning in financial markets, not that you’d guess that based on the mixed trade being seen across Asia and Europe.
US futures are pointing to a similar start on Wall Street as well, which you’d typically associate with light newsflow but what we’re currently seeing is anything but. We’re getting earnings reports from a large number of major firms and the report card for the US has so far been far better than expected. Another 62 S&P 500 companies will report including Amazon, Intel and Ford so we’re not going to be short of things to talk about.
Failed M&A deals is another common theme today, with the Sainsburys/ASDA merger being blocked by the CMA and talks between Deutsche Bank and Commerzbank being abandoned.
