Stock Markets Dip On Fading US Stimulus Hopes And Poor Earnings

Access To Financial Markets Made Easy • Oct 15, 2020 at 5:23 AM EDT

Global stock markets have continued to fall for the third straight day as hopes for a US stimulus before the election fade.

Global stock markets have continued to fall for the third straight day as hopes for a US stimulus before the election fade. Treasury Secretary Steven Mnuchin said that reaching a stimulus deal to help navigate the economic impact of the coronavirus would be difficult before the election as both parties still remain far apart on some issues.

Stock markets dip on fading US stimulus hopes and poor earnings

Earnings season has also kicked off with very mixed results. Banking giants Goldman Sachs (GS) and Bank of America's (BAC) results topped analyst expectations but Wells Fargo (WFC) and United Airlines (UAL) fell well short. This is now the second earnings season to take place over the pandemic and is arguably the most important one.

Today, investors await earnings for Morgan Stanley (MS), Charles Schwab (SCHW) and Walgreens Boots Alliance (WBA), among others.

Disclaimer:

The given data provides additional information regarding all analysis, estimates, prognosis, forecasts or other similar assessments or information (hereinafter "Analysis") published on the website of Admiral Markets. Before making any investment decisions please pay close attention to the following:

This is a marketing communication. The content is published for informative purposes only and is in no way to be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and that it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

Any investment decision is made by each client alone whereas Admiral Markets Group AS investment firms (Admiral Markets) shall not be responsible for any loss or damage arising from any such decision, whether or not based on the content.

The Analysis is prepared by an independent analyst (hereinafter "Author") based on the Author's personal estimations.

To ensure that the interests of the clients would be protected and objectivity of the Analysis would not be damaged Admiral Markets has established relevant internal procedures for prevention and management of conflicts of interest.

Whilst every reasonable effort is taken to ensure that all sources of the content are reliable and that all information is presented, as much as possible, in an understandable, timely, precise and complete manner, Admiral Markets does not guarantee the accuracy or completeness of any information contained within the Analysis.

Any kind of past or modeled performance of financial instruments indicated within the content should not be construed as an express or implied promise, guarantee or implication by Admiral Markets for any future performance. The value of the financial instrument may both increase and decrease and the preservation of the asset value is not guaranteed.

Leveraged products (including contracts for difference) are speculative in nature and may result in losses or profit. Before you start trading, you should make sure that you understand all the risks.