Press release
US Markets Looking to 1st Quarter Earnings – Due to Start Next Week
1st April 2016Tain Capital
US Markets Looking to 1st Quarter Earnings – Due to Start Next Week
After rates in the US avoided a hike and Oil still hovering just under $40.00 per barrel investors are keen to start seeing earnings reports for the first quarter of 2016.
Corporations will start to release their first quarter data over the next few weeks and many analysts feel that the markets performance recently has been cautious ahead of the results being released.
With just the S&P 500 and Dow seeing gains for the year many are pessimistic as to what the data will hold. The S&P is up 0.8% on the year, the Dow Jones booked a 1.5% increase with the NASDAQ seeing a drop of 2.8%.
It is expected that the Industrial and Petroleum sectors are going to have been hit hardest with the volatility in Oil prices already being quoted as a contributing factor to a lack of profits.
To close off the week there is a host of Economic Indicators coming out of the US. Employment Data, Manufacturing PMI, Construction Spending and Consumer Sentiment will all be released and just after lunch the Fed President in Cleveland, Ms. Lorretta Mester is expected to follow the line the head of the Federal Reserve, Ms. Yellen started earlier this week. Dovish statements on rates and a strengthening US economy along with global instability being the main tag line of most of the Feds statements lately, are likely to be the main content of her speech later today.
As a boutique private equity firm with global reach, Tain Capital endeavors to provide its investors with the benefits of being a relatively small independent company combined with the knowledge and experience of having its finger on the global pulse. Tain Capital investor relationships are based on trust, two-way communication, transparency, and continually exceptional performance.
Tain Capital
16th Floor, Park Place
666 Burrard Street, Vancouver, BC
V6C 3P6, Canada
+16047572548
press@taincapital.com
Brian Davis
www.taincapital.com
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