5 Things to Know In the Market Today

14.10.2016 / 14:44

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1. Yellen in the spotlight for clues on Fed rate hike
Federal Reserve (Fed) chair Janet Yellen could provide clues on her current stance for the future timing of the next rate hike later in the session. The speech comes after the minutes from the September 20-21 Fed meeting revealed that several voting members of the policy committee judged a rate hike would be warranted "relatively soon" if the U.S. economy continued to strengthen.

2. Consumer data to be closely followed
U.S. retail sales data will also be in the spotlight Friday, as investors attempt to gauge if the world's largest economy is strong enough to withstand an increase in borrowing costs before the end of the year.

3. JP Morgan kicks off banks’ Q3 earnings season
Though markets traditionally consider Alcoa’s earnings, out last Tuesday, to be the unofficial start of the third quarter (Q3) reporting season, JPMorgan Chase & Co (NYSE:JPM) has the double duty of being the first major financial institution and the first component of the Dow Jones to release earnings on Friday.

4. Chinese inflation data provides some relief
Just as China’s trade data dampened investor sentiment a day earlier, investors found some relief Friday from economic reports on prices that suggested that the world’s second largest economy could see some renewed hopes for demand prospects.
China reported that producer prices (PPI) rose 0.1% year-on-year, compared to a decline of 0.3% expected. That was the first positive growth since February 2012.

5. Global stocks mostly higher on China data
Global stocks moved higher on Friday, erasing some losses from the previous day, as the stronger-than-expected Chinese inflation data eased some concerns about the health of the world's second-biggest economy.

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5 Things to Know In the Market Today

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