Caspar Rock weekly video
Caspar Rock: Monday markets - the week ahead on 15 April
The first reports of the US earnings season have started, and expectations are pretty circumspect. First quarter year-on-year S&P500 earnings per share) growth projections have reduced from 9% last October to -2%. They currently stand at 3% for the calendar year 2019.
Asian markets had a strong start to the week, mainly predicated on progress in trade negotiations, a continued robust US economy, a pick-up in Chinese activity and a stabilisation in Europe. Markets will look to a range of Chinese data due on Wednesday for evidence of improved activity.
UK and Brexit
As soon as the Brexit extension was confirmed earlier this month Parliament went on recess until after Easter. Negotiations between the government and the Labour party will, however, continue.