Company / Analytics

Analytics, 19 April 2021

What will drive the markets this week?

Global stocks closed at all-time highs Friday as strong corporate earnings, economic data in the US, and robust Chinese growth data led both US and European stocks to extend their recent rallies.

Returns were broad across sectors, with 10 out of the 11 S&P sectors ending the week higher. Utilities sector outperformed, returning 3.7% while the communication sector lagged, dragged by Facebook which ended the week lower 2.1% lower.

The earnings season continues this week with about 80 of the S&P 500 members and more than 50 Stoxx 600 firms announcing results. Coca-Cola, IBM, Johnson & Johnson, and Netflix are among corporates expected to report earnings this week.

Investors will also parse a range of economic data from the US, including the U.S. housing market and decisions of the European Central Bank meeting on Thursday.

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