Caspar Rock: Monday markets - the week ahead on 15 April

US earnings expectations are turning cautious. In Asia markets are optimistic, with hopes riding on progress in trade negotiations

14/04/2019
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Authors

Caspar Rock
Chief Investment Officer

US earnings

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.

Stronger Asia

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.

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Authors

Caspar Rock
Chief Investment Officer

Topics

Equities
UK
US
China
Brexit
Economic & Strategy Viewpoint
Market views

Cazenove Capital is a trading name of Schroders (C.I.) Ltd which is licensed under the Banking Supervision (Bailiwick of Guernsey) Law 2020 and the Protection of Investors (Bailiwick of Guernsey) Law 2020, as amended in the conduct of banking and investment business. Registered address at Regency Court, Glategny Esplanade, St. Peter Port, Guernsey GY1 3UF, (No.24546) . Schroders (C.I.) Limited, Jersey Branch is regulated by the Jersey Financial Services Commission in the conduct of investment business. Registered address at 40 Esplanade, St. Helier, Jersey JE2 3QB, (No.31076).

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