Reuters Insider - What to watch in the week ahead

Federal

23/09/2019 15:38

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Source: Reuters Insider

Description: From Nike results to a possible record high for the S&P 500 to a
barrage of Federal Reserve speakers, Conway G. Gittens takes a look at next
week's key events for Wall Street.
Short Link: https://tmsnrt.rs/31JcDUQ

Video Transcript:

Wall Street will be looking for a potential stock market high next week. The
S&P 500 is just about 0.5% away from setting new records. Analysts, however,
wonder how long can the markets stay in record territory. Though a recent
spate of economic data have turned up, lack of progress on the bruising
US-China trade war is keeping a lid on an upswing in business and
investors’ sentiment. The clock is already ticking down to a federal
reserve meeting in October and the possibility that could bring the third rate
cut this year. With a major split among policymakers about what should happen
next, investors will be listening for clues from no less than 10 Fed officials
this week. Heading into the mic includes St. Louis Fed President James Bullard
who has argued for aggressive rate cuts, and Kansas City President Esther
George who wants to keep rates where they are.

The week comes with an update on the economy, with a final revision on second
quarter GDP. The big earnings story next week comes from Nike. Investors will
be scouring for details on how America’s numerous trade disputes are
impacting the world’s largest athletic gear-maker. And there’s also
a quarterly update from Carnival. The main focus there – how much has the
cruise ship operator been impacted by this year’s Atlantic storm season
including the battering Hurricane Dorian delivered to the Bahamas a Carnival
island stop