Global Stocks Edge Higher – Bank of America’s Earnings Almost Triple

During the European session, global stock markets traded slightly higher after the Bank of America Corp announced fourth-quarter earnings.

Written by: Arslan Ali Butt • Wednesday, January 16, 2019 • 1 min read

• Last updated: Wednesday, January 16, 2019

During the European session, global stock markets traded slightly higher after the Bank of America Corp announced fourth-quarter earnings. The profits more than tripled from a year prior.

Here’s a quick update on US indices:

S&P 500 ( SPX ) jumped to 2,610.30, up by +1.07%
Nasdaq 100 traded bullish at 6,669.64, adding around +128.60 points.
Dow 30 (DJIA) soared to 24,065.59 adding +155.75 points and +0.65% for the day.

Now, let’s wait for the Government Confidence Vote as it may trigger a risk-off sentiment later today. In case you haven’t read FX Leaders Jan 16 morning brief, the UK Parliament will vote to determine the confidence in the appointed government.

A total of 318 votes are required for PM May’s government to stay in power. Fingers crossed!

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ABOUT THE AUTHOR See More

Arslan Ali Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Ali Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.