Another eye-catching bounceback in U.S. stocks on Monday was just about sustained overnight ahead of another slew of big bank earnings and as President Joe Biden's planned visit to Israel tempered anxiety about a wider escalation of the Gaza war.
The 1%-plus rally in the S&P 500, which was the best start to the week since February, was matched by a retreat in crude oil, gold and Treasury bond prices and the dollar. Third-quarter earnings for S&P 500 companies are estimated to have increased 2.2% year-over-year, up from an estimated increase of 1.3% a week earlier, according to LSEG data.But a welter of economic numbers will barrel into the mix today too - chief among them the September retail sales release, but also industrial output data and an October reading on U.S. housing. Canada's latest consumer price data will be also be closely eyed.
And non-payment of this tranche is set to trigger cross defaults in other bonds as is standard in bond contracts. * Federal Reserve Board Governor Michelle Bowman, New York Fed President John Williams, Minneapolis Fed chief Neel Kashkari and Richmond Fed chief Tom Barkin all speak; European Central Bank board member Luis de Guindos speaks in Frankfurt* ECOFIN meeting of European Union finance ministers in Luxembourg
A 15-year-old aspiring journalist who had made Ron DeSantis squirm with his questioning was thrown out of a GOP event by police As Israeli jets devastate Gaza, air force photos show fighter aircraft armed with what look like unguided 'dumb' bombsAlimentation Couche Tard stock has a very high dividend-growth rate. It may be helpful in supplementing your CPP benefits. The post Here’s the Average CPP Benefit at Age 60 appeared first on The Motley Fool Canada.
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