On Tuesday, April 14, investors seem to be in a very good mood, despite the fact that almost 2 million cases of coronavirus-related illnesses have already been confirmed worldwide. Stock indices in Europe are rising, and in the United States futures also show that the market is counting on opening above the last close. All this is happening in anticipation of probably the least predictable season of US companies' financial results in history.
Investors seem to welcome the plans of some European countries, including Italy, Spain, Germany, and Austria, as well as Poland, regarding the re-opening of economies and lifting certain restrictions on assemblies or opening parts of the services market. It is not known, however, whether after a resumption of services people will use them as willingly as before the outbreak of the epidemic. More and more often we may hear about a possible second wave of the epidemic that may come in the fall. Hence, summer loosening in the restrictions should be used to strengthen the economy before autumn. At this time, it is worth preparing the appropriate tools and mechanisms from both monetary and fiscal policy to act in a thoughtful manner.
Futures contracts on the American S&P 500, Dow Jones Industrial Average and Nasdaq 100 indices are rising, investors are waiting for the results to be published, today the earnings will be presented, among others, by JPMorgan Chase, Wells Fargo, and Johnson & Johnson. Analyzing yesterday's session on Wall Street, it is quite clear who investors seem to be the favorites of this quarter and who may disappoint. Technology, streaming, gaming, and video conferencing companies seem to be at the forefront. In turn, industrial companies or the financial sector may suffer more. These potential assumptions of Wall Street were also evident in the discrepancy in index quotes. S&P 500 and DJIA fell, and the Nasdaq 100 increased.
Surprises may be large and thus the variability on US500, US30 or US100 instruments could also remain relatively high on the Conotoxia trading platform.
Daniel Kostecki, Chief Analyst Conotoxia Ltd.
Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results.
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