Weekly Financial Market Update - November 2, 2018
November 5, 2018
Global equities rebounded this week helped by a batch of corporate earnings results which were positive in aggregate and reports late in the week that the Trump administration was drafting a possible trade deal with China.
The third quarter earnings season continued this week with notable reports from Apple, ExxonMobil, Starbucks, Facebook, General Electric, The Coca-Cola Co. and General Motors. Of the 350 S&P 500 companies which have reported results thus far during the period October 1 to December 31, 61% have exceeded sales expectations, while 82% have beat earnings per share (EPS) expectations.
Learn more about these topics and the results of October non-farm payrolls, wages and unemployment reports in our Weekly Financial Market Update.