Novosti i prognoe: tržište kapitala od 30-10-2017

Major US stock indices fell slightly on Monday after reports that the House of Representatives is discussing a "gradual introduction" for corporate taxation plans by President Donald Trump.

According to Bloomberg, the White House is considering the possibility of a phased reduction of corporate tax. In the latest assumptions reported, the corporate income tax rate of 20%, which the President Trump team actively advertised, will not come into force until 2022. During this period, this rate will be gradually reduced.

In addition, it was reported that in September, consumer spending in the US recorded the largest increase in more than eight years in September, probably because households in Texas and Florida replaced water-damaged cars, but core inflation remained muted. The Commerce Department said on Monday that consumer spending, accounting for more than two-thirds of US economic activity, rose 1.0% last month. The increase, which also included an increase in household spending on utilities, was the largest since August 2009.

However, data provided by the Federal Reserve Bank of Dallas, showed that in October, the business activity of Texas producers increased significantly, despite the projected decline. According to the report, the Dallas Federal Reserve's production index in October rose to 27.6 points from 21.3 points in September. Analysts had expected the decline to 21.0 points. Recall, the value of the index above zero indicates an increase in business activity.

Oil prices rose moderately on Monday, supported by expectations of a tangent that the contract to reduce production will be extended after March. However, the growth of oil exports from Iraq limited the increase in quotations.

Most components of the DOW index finished trading in the red (22 of 30). The leader of growth was the shares of Apple Inc. (AAPL + 2.32%). Outsider were the shares of Merck & Co., Inc. (MRK, -5.92%).

Almost all sectors of the S & P index recorded a decline. The health sector showed the greatest decline (-0.7%). The base resources sector grew most (+ 0.5%).

At closing:

DJIA -0.36% 23,348.74 -85.45

Nasdaq -0.03% 6,698.96 -2.30

S & P-0.32% 2.572.83 -8.24

U.S. stock-index futures fell slightly on Monday as investors held back from making big bets ahead of a decision on the next Fed chair.

Global Stocks:

Nikkei 22,011.67 +3.22 +0.01%

Hang Seng 28,336.19 -102.66 -0.36%

Shanghai 3,390.59 -26.22 -0.77%

S&P/ASX 5,919.08 +15.92 +0.27%

FTSE 7,486.10 -18.93 -0.25%

CAC 5,495.08 +0.95 +0.02%

DAX 13,239.99 +22.45 +0.17%

Crude $54.04 (+0.26%)

Gold $1,271.80 (0.00%)

(company / ticker / price / change ($/%) / volume)

Merck (MRK) downgraded to Equal-Weight from Overweight at Morgan Stanley

Merck (MRK) downgraded to Equal Weight from Overweight at Barclays

Merck (MRK) downgraded to Hold from Buy at SunTrust

General Motors (GM) downgraded to Sell from Neutral at Goldman

Intel (INTC) upgraded to Outperform from Market Perform at BMO Capital Markets

October 31

Before the Open:

MasterCard (MA). Consensus EPS $1.23, Consensus Revenues $3280.72 mln.

Pfizer (PFE). Consensus EPS $0.65, Consensus Revenues $13174.88 mln.

November 1

After the Close:

Facebook (FB). Consensus EPS $1.28, Consensus Revenues $9843.66 mln.

Tesla (TSLA). Consensus EPS -$2.28, Consensus Revenues $2922.46 mln.

November 2

Before the Open:

DowDuPont (DWDP). Consensus EPS $0.45, Consensus Revenues $18243.16 mln.

After the Close:

American Intl (AIG). Consensus EPS -$0.79, Consensus Revenues $12050.00 mln.

Apple (AAPL). Consensus EPS $1.87, Consensus Revenues $50757.54 mln.

Starbucks (SBUX). Consensus EPS $0.55, Consensus Revenues $5807.92 mln.

November 3

After the Close:

Berkshire Hathaway (BRK.B). Consensus EPS $2402.47, Consensus Revenues $60428.65 mln.

Europe's broad-market benchmark closed higher on Friday, even as Spanish stocks tumbled as the Catalonia region moved to separate itself from the central government. A continued pullback in the euro and some well-received corporate earnings have helped to sustain buying momentum.

The S&P 500 and Nasdaq Composite closed at records on Friday, fueled by large gains in technology shares following better-than-expected quarterly results from heavyweights Amazon.com Inc., Microsoft Corp., Alphabet Inc. and Intel Corp. Equities were also buoyed by data showing the U.S. economy expanded at a solid 3% annual pace for a second straight quarter despite damages from two hurricanes, while the University of Michigan reported consumer sentiment in October was the strongest it has seen in 13 years.

Global stock markets were higher early Monday in Asia, with the end-of-week rally in key U.S. stocks driving gains in technology companies across the region. Strong corporate earnings from U.S. tech giants and others helped drive the Nasdaq Composite and S&P 500 to new all-time highs on Friday. In Asia on Monday, markets that are tech-heavy outperformed, with Taiwan's Taiex Y9999, +0.55% rising 1.2%. Korea's Kospi SEU, +0.20% was last up 0.3%.