The long-awaited Halloween holiday in the United States is approaching, and with this holiday it also arrives the close of October for stocks. If something characterized this month, it was the fluctuation of stock prices on both sides of the Atlantic, since, Since the start of the month, the indices have not had a completely clear direction. On Wall Street, its three main indices managed to reverse their prices and move into positive territory on a monthly basis thanks to the positive results of their companies, while in Europe, the indices are struggling to finish colored of Green in October.
However, the expected start of the results season was difficult to digest, both on the Old Continent and on the New. The debut of ASML and Louis Vuitton, one of the first companies to publish on this side of the Atlantic, disappointed to investors by not meeting the expectations placed on them. Even the chip producer has infected its bearish trend with American technology companies.
From Bankinter they explain that last week there was a “slight correction of the stock markets affected by poor business results and after the increases accumulated in previous weeks”, although “some companies presented striking figures, such as Lam Research and Tesla in the United States and SAP and Iberdrola in Europe”, according to the analytical entity.
However, THE Account balance presentations were the catalyst that turned Wall Street indexes positive this month.notably thanks to the 21% advance of Teslathe company of Elon Musk surprised the market with their positive data, after several disappointing seasons for analysts, in addition in Europe they limited the declines that the stock markets accumulated at the weekly close. In New York, Its main selective values are trading in positive territory in the monthly calculation, which leads the Nasdaq 100, given the progress of its companies. The technology stock market increases by 1.7% per month at the close of the European Stock Exchange, while the American benchmark index gained 1.1%. Behind is the industrialist Dow Joneswhich increased by 0.2% over this period.
In Europe, the Italian FTSE Mib index continues this upward trajectory at the monthly level, up 2.6% over this period, while the Dax follows its momentum, with an increase of 1.07% over the month. Also in green, the British FTSE 100 index, which recorded a monthly increase of 0.3%, and During the last session, the Spanish stock market managed to enter positive territoryincreased by 0.2% over this period. While the European benchmark index, the EuroStoxx 50, and the French index fell by 0.6% and 1.1% respectively, even if the French stock market managed to position itself in positive territory in 2024.
But in these last days of the month, the publication of new results could change the balance of stocks on both sides of the Atlantic, because they could modify the fortunes of the French Cac 40, of the EuroStoxx 50, which are trading in decline. two days until the end of October. In the United States, five of the seven Magnificas will present their results, which take into account vilo to investors. The dates to be entered in the calendar are: this Tuesday, October 29 (accounts of Alphabet), October 30 (results of Aim And Microsoft), October 31 (Apple And Amazon). THE big tech (with Nvidia, which presents on November 21 and excluding Tesla, which has already presented) must grow on average by 26% so as not to disappoint the market, which is expecting a roadmap for the technology in the coming months.
The tension
However, the market is particularly cautious, with its objective being the next American elections, in just one week. Although markets are still not betting on a clear winner to rule the White House, polls in recent weeks have shown Donald Trump as the favorite to win the election. Furthermore, with a landscape context of a bellicose nature in the face of Israel’s latest attacks against Iran, which, if they intensify, could recur again notch in stock prices.
And, despite a positive start to the month for stocks after the announcement of a recovery plan for the struggling Chinese economy, the sharp escalation of tensions in the Middle East changed the situation. turned and scared investors around the world; and now it comes back monopolize attention at the end of the month. Although stock markets have recovered from rising tensions between Israel and Iran, both due to a new rally of artificial intelligence in the United States, the positive outlook for the country’s economic health, as well as the reduction in interest rates by the European Central Bank, have renewed the investment spirit.
