Morning all!- The Fed kept rates unchanged, as expected, with hawkish dissents from Hammack and Cook; Chair Warsh's pres | Hanami
Morning all!
- The Fed kept rates unchanged, as expected, with hawkish dissents from Hammack and Cook; Chair Warsh's press conference lacked hawkish surprises, weighing on the USD and short-end yields.
- APAC stocks were mixed as the region digested the FOMC and big tech earnings; KOSPI underperformed as Samsung Electronics' results failed to meet lofty expectations.
- US equity futures were mixed, with NQ lagging as Alphabet slumped after missing on top and bottom lines, while Microsoft rallied after-hours.
- European equity futures indicate a flat cash market open with Euro Stoxx 50 futures up 0.1%.
- Crude futures declined amid mediation hopes, after reports of a lot of back and forth between Iran and the US via mediators and US VP Vance's outreach to Iranian hard-liner Rezaei.
- Looking ahead, highlights include Swedish GDP (Q3/Sep), EU Economic Sentiment (Oct), US GDP (Q3), PCE (Sep), Jobless Claims (w/e Oct/24), Personal Income (Sep), Atlanta Fed GDPNow, Japanese Tokyo CPI (Oct), Japanese Retail Sales (Sep), ECB Policy Announcement (Oct), EU-Canada summit (29-30 Oct). Speakers include ECB President Lagarde & Cipollone. Supply from Italy, the UK and the US. Earnings from Caterpillar, Eli Lilly, Mastercard, Bristol-Myers Squibb, Intel, Amazon, Sandisk, Starbucks, Shell, Lloyds, Glencore, Schneider Electric, TotalEnergies, & Air Liquide.(Historical earnings: For 2026Q2 (period ended 2026-06-30), Amazon reported basic EPS of 8.64, diluted EPS of 8.53, and net income of USD 135.281 billion.
Consensus expectations: For 2026Q3 (event date 2026-10-29), consensus EPS is 1.9579 and consensus revenue is USD 202.203 billion.)