Company / Analytics

Analytics, 02 August 2021

What will drive the markets this week?

Global stocks closed lower last week, with US markets facing pressure as investors reckoned the impact of the rising delta variant of Covid-19 on an economic recovery that was just picking pace. Economic growth appears to have slowed down in the late second quarter, and companies reporting earnings are telling similar tales.

About 59% of the companies in the S&P 500 have reported second-quarter earnings results to date, with 88% of them having actual earnings per share (EPS) above estimates.

This week, nearly one-third of companies in the Russell 3000 will report results, including widely held companies like Uber, DraftKings, Marriott International, and Kraft Heinz. Hundreds of small-to-mid-cap companies across all sectors also report results. Those smaller public companies are very sensitive to changes in the economic temperature, and investors will pay attention to their guidance for the rest of the year.

Investors will also parse economic data from across the world, including manufacturing and purchasing managers surveys from the U.S., the EU, and the U.K. for July which are due for release on Monday. The U.S. nonfarm payrolls are due for release on Friday, as well as unemployment rate figures from Canada.

Monday, August 2:

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Friday, August 6:

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