After myriad disappointments such as results from the likes of Apple, Intel and Alphabet and similarly dispiriting results from smaller companies like Twitter (which really doesn’t belong in this conversation, but here we are, darling), the stock market is now looking ahead for some kind of big win in earnings season to sort of set investors a bit less on edge.
Delaying its first rate hike in nearly a decade after taking a pass in June and July means the U.S. central bank may have stepped further away from an escape from zero rates and $3.7 trillion of asset purchases bloating its balance sheet.
The Japanese yen has strengthened unexpectedly by about 4 percent over the last month and it could rise further if the U.S. Federal Reserve delays a rate hike and the dollar weakens.
from Expert Zone:
(Any opinions expressed here are those of the author and not of Thomson Reuters)
Markets displayed a spirited bounce-back after nearly four weeks of decline with the Nifty closing at 7,789, or 1.7 percent higher, on the back of supportive global cues and several reforms by the government.
The biggest attention grabber out of Japan is today's 7.7% moonshot on the stock market, based on hopes of further central bank stimulus in Asia as well as an expected corporation tax cut over the next few years. Never mind that this comes just one day after the Nikkei joined many other major global stock indexes in wiping out its gains for the year.