Risk-off Sentiment Keeps Stock Indices Lower – EPS Reports to Watch This Week - Forex News by FX Leaders

Risk-off Sentiment Keeps Stock Indices Lower – EPS Reports to Watch This Week

Posted Monday, January 6, 2020 by
Arslan Butt • 1 min read

What’s up, traders.

On Sunday, US military strikes in Iraq & Syria killed almost 25 Iran-backed Iraqi militia fighters. In response to this attack, the angry Iraqi Shiite militiamen and their supporters broke into the US embassy in Baghdad on Tuesday. Donald Trump threatened Iran that it would now face consequences for not protecting the US embassy. Tensions got worse when Trump administration killed prominent Iranian General Qassem Soleimani in a targeted drone airstrike in Baghdad on early Friday.

With this, the US Stock market indices are staying in a bearish zone, as investors are heading towards haven assets such as gold and Japanese yen. On the earnings calendar, we have only four comapnies which are due to release EPS report today.

Monday, January 6, 2020

CompaniesEPS ForecastRevenue Forecast
State Street (STT) 1.67 2.92B

Wednesday, January 8, 2020

Constellation Brands A (STZ) 1.85 1.95B
Lennar (LEN) 1.9 6.5B
Walgreens Boots (WBA) 1.41 34.59B

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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