22nd July 2014 - US Earning and Economic Indicator Update

July 22, 2014 - PRLog -- Stock Port Associates is one of the world’s largest and most established offshore investment firms operating within a tax-favorable jurisdiction. Whether it’s dealing with new regulations, setting up an offshore presence, attracting new investors or identifying independent directors, we have the expertise to assist you.

22nd July 2014 - US Earning and Economic Indicator Update

United States

Dow Jones   17,051.73 (-0.28%)

NASDAQ   4,424.70 (-0.17%)

S&P 500   1,973.63 (-0.23%)

It is a busy week in the US, today see's earnings from some of the US's largest companies and a range of economic indicators from housing and inflation to manufacturing and employment.

As the world watches what is happening in the East of Ukraine the US markets have managed to avoid any knee jerk reactions to the current situation, and kept the gains seen in earlier trading session. Although all three major indexes posted marginal losses yesterday they are expected to open higher today ahead of an earnings session that is expected to exceed expectations. So far this season 68% of the S&P 500 companies that have reported have beaten forecasts and this is well above the average of 63% seen since 1994.

Companies of note today will be Microsoft, Apple and a gaggle of other tech companies along with several large investment firms, with the majority of those mentioned being expected to beat earnings forecasts.

There is also a slew of economic indicators due this week starting today with inflation and housing data swiftly followed tomorrow by mortgage figures and on Thursday the key data of note will be the Markit Manufacturing PMI flash. If previous months are anything to go by, we should have clarification that the US economy is still expanding along the lines of last week's Fed Statement by Janet Yellen.

With the Fed reducing their asset purchasing program and looking to possibly raise interest rates sooner than the market expected, concerns are not whether the economy is expanding, it is whether we are in a bubble being created by tech stocks that may appear to be overvalued. In her statement the Fed Chairman said as much and advised caution however volatility and volumes are still weigh off and although expected to return, the current global political climate is making it hard to see how much longer we can see record closes and highs in the US.

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DISCLAIMER  The views, opinions, findings, and conclusions or recommendations expressed on this service are those of the author(s) and do not necessarily reflect the views of the Stock Port Associates.All market data within this release is for your general information and enjoys indicative status only. Stock Port Associates does not accept any responsibility for its accuracy or for any use to which it may be put. All share prices and market indexes delayed at least 15 minutes. 52 week high and low values are calculated from close price data.