Market News

This week is expected to be a huge week for the markets, with three major central banks meeting, and a slew of important economic data releases. On the earnings front, the companies scheduled to release their last quarter financial results this week will be Apple, Amazon, Ford, Microsoft, Alphabet and Pinterest.

The Electric vehicle leader Tesla (NASDAQ: TSLA) is scheduled to report third-quarter 2022 financial results on Wednesday, October 19 after the market close. Shares of Tesla have risen more than 10% this week, reflecting solid short-term bullishness ahead of the earnings announcement.

Shares of the global pizza giant Domino's Pizza (NYSE: DPZ) jumped more than 10% on Thursday after its revenue in the fiscal third quarter came in better than expected. However, the stock is still down nearly 40% for the year. Could $DPZ regain strong momentum in the coming days?

Global markets finished last week in negative territory amid concerns about the outlook for interest rates following the release of stronger-than-expected inflation data from the US and China. Moving ahead to the fresh week, the Q3 earnings season is expected to be strong with sectors such as banking, technology, entertainment and airlines likely to report the latest financial results.

Global stocks and metals started the new week on a bearish note after explosions rocked multiple cities across Ukraine on Monday morning, including Kyiv. Moving ahead, this week all eyes will be turning to the US inflation data.