Stock Market Outlook
2023-10-30
■ The US stock market >> is unstable due to the impact of major corporate financial reports and economic indicators.
■ European stock market >> The uncertain performance prospects have become a burden on stock prices.
Both the Dow Jones Index and the S&P 500 Index fell. At the beginning of the week, the market was full of expectations for the financial reports of major US companies, and the retail sales data in September exceeded market expectations, supporting stock prices. However, the rise in the yield of the US 10-year treasury bond triggered dissatisfaction, coupled with concerns about the escalation of the conflict in the Middle East, which led to the decline of stock prices after the middle of the week.
Against the backdrop of the uncertain situation in the Middle East, many major US high-tech companies and others will release financial reports this week. At the same time, preliminary US real GDP values for July to September and the US personal consumption expenditure (PCE) inflation index for September will also be released. These results may become clues that trigger unstable fluctuations. Investors may adopt a wait-and-see attitude as the Federal Reserve Open Market Committee (FOMC) meets next week.
The European Stoxx 600 index fell. The German DAX index fell for the fifth consecutive week. The diplomatic efforts of the United States and Europe to avoid escalating conflicts in the Middle East were welcomed by the market, and stock prices were supported at the beginning of the week. However, many major European companies' financial reports fell short of market expectations, leading to selling in multiple sectors. Coupled with concerns about the escalation of the Middle East conflict, stock prices weakened after the middle of the week. Semiconductor companies in the Netherlands and Sweden expect sales to be affected due to reduced orders, indicating the uncertainty of their performance prospects. The technology stock index of the European Stoxx 600 index fell 4.23% on a weekly basis. The uncertainty of performance prospects has spread to multiple fields, and the short-term rise in stock prices is under pressure.
■ European stock market >> The uncertain performance prospects have become a burden on stock prices.
Both the Dow Jones Index and the S&P 500 Index fell. At the beginning of the week, the market was full of expectations for the financial reports of major US companies, and the retail sales data in September exceeded market expectations, supporting stock prices. However, the rise in the yield of the US 10-year treasury bond triggered dissatisfaction, coupled with concerns about the escalation of the conflict in the Middle East, which led to the decline of stock prices after the middle of the week.
Against the backdrop of the uncertain situation in the Middle East, many major US high-tech companies and others will release financial reports this week. At the same time, preliminary US real GDP values for July to September and the US personal consumption expenditure (PCE) inflation index for September will also be released. These results may become clues that trigger unstable fluctuations. Investors may adopt a wait-and-see attitude as the Federal Reserve Open Market Committee (FOMC) meets next week.
The European Stoxx 600 index fell. The German DAX index fell for the fifth consecutive week. The diplomatic efforts of the United States and Europe to avoid escalating conflicts in the Middle East were welcomed by the market, and stock prices were supported at the beginning of the week. However, many major European companies' financial reports fell short of market expectations, leading to selling in multiple sectors. Coupled with concerns about the escalation of the Middle East conflict, stock prices weakened after the middle of the week. Semiconductor companies in the Netherlands and Sweden expect sales to be affected due to reduced orders, indicating the uncertainty of their performance prospects. The technology stock index of the European Stoxx 600 index fell 4.23% on a weekly basis. The uncertainty of performance prospects has spread to multiple fields, and the short-term rise in stock prices is under pressure.