Global markets monitoring provisional PMI data

Strong earnings from US companies continue fueling markets

Murat Aslan   | 22.10.2021
Global markets monitoring provisional PMI data


While the risk appetite remains high in the global markets thanks to strong third-quarter earnings above expectations, global markets are monitoring provisional purchasing managers index (PMI) data of the manufacturing industry and services sector on Friday.

As the expectations for the US Federal Reserve to reduce asset purchases continue to raise the US bond yields, the statements by Fed Chair Jerome Powell will be followed today.

Extending its winning streak to a seventh consecutive trading session, the S&P 500 hit a record high at Thursday's close as investors feel confident about strong earnings from US companies.

Chinese real estate giant Evergrande has given the markets a sigh of relief by making bond payments on the last day before default.

In Europe, the energy crisis and supply disruptions remain at the focus of the agenda.

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