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☆ BlackRock’s Larry Fink squares off with Uncle Sam
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

Laurence Fink, founder and chief executive officer of BlackRock, Inc. speaks during the Reuters Global Investment Outlook Summit in New York, U.S., November 13, 2017. REUTERS/Lucas Jackson Acquire Licensing RightsNEW YORK, Oct 13 (Reuters Breakingviews) - BlackRock (BLK.N) calls every dollar it manages a “unit of trust” expressed by clients. The trouble for the investing behemoth led by Larry Fink is that there’s an increasingly reliable custodian of such assets these days: Uncle Sam. Even so, $644 billion has crowded into retail money-market funds this year, crimping BlackRock’s all-important stock portfolios. Fink has been bulking up in infrastructure, credit and other investments that are harder to trade, but which also generate higher fees.

Persons: Laurence Fink, Lucas Jackson, ”, Larry Fink, Uncle Sam, Fink, crimping, Jonathan Guilford, Jeffrey Goldfarb, Sharon Lam Organizations: Inc, Reuters Global Investment, REUTERS, Reuters, BlackRock, Graphics, Treasury, X, Infosys, Thomson Locations: BlackRock, New York, U.S, Europe

☆ Investors flock to defensive stocks and safe havens on worries about Israel-Hamas war
▼ + stars: | 2023-10-13 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —The Israel-Hamas war is sending investors in search of defensive assets. Israel declared war on Hamas Sunday after the Palestinian militant group launched a brutal attack that killed at least 1,300 people. But investors have since bought up shares of virtually risk-free government bonds, indicating that Wall Street remains worried. Utilities, energy and real estate stocks have also outperformed the broader S&P 500 index’s roughly 1% gain this week. In August, a recently passed EU law known as the Digital Services Act went into effect for large online platforms, including the companies Breton addressed this week.

Persons: ”, George Smith, Bryan Hinmon, Hinmon, hasn’t, TikTok, Shou Zi Chew, Thierry Breton, Brian Fung, Breton, ” Breton, TikTok didn’t, Anna Cooban, ” Russia’s, Andrei Belousov, Read Organizations: CNN Business, Bell, CNN, Stock, Treasury, LPL, Twitter, Meta, Digital Services Locations: Israel, Palestinian, Saudi Arabia, Russia, Ukraine, Chew, Moscow

☆ India's state-run banks to lower bond purchases as liquidity tightens, treasurers say
▼ + stars: | 2023-10-13 | by ( Dharamraj Dhutia | ) www.reuters.com time to read: +2 min

MUMBAI, Oct 13 (Reuters) - India's state-owned banks will slow government bond purchases in the weeks ahead as banking system liquidity tightens, treasury officials from nine state lenders said. Bond yields have spiked since Oct. 6, when the central bank said it will keep monetary policy restrictive and sell bonds to manage banking system liquidity. These lenders have bought 253 billion rupees ($3 billion) of government debt since Sept. 22, including 100 billion rupees on Oct. 6. Reuters GraphicsBanking system liquidity - the quantum of funds in the interbank market - has largely been in deficit from the middle of September. Bond purchases would be incremental and linked to rise in yields, say at every 3-4 basis points, the treasury head at the state-run bank said.

Persons: Vijay Sharma, PNB Gilts, Dharamraj Dhutia, Swati Bhat, Mrigank Organizations: Reuters Graphics Banking, Reserve Bank of India, Thomson Locations: MUMBAI, India

☆ Global market reaction to a week of war in Israel
▼ + stars: | 2023-10-13 | by ( Marc Jones | ) www.reuters.com time to read: +3 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsLONDON, Oct 13 (Reuters) - Below are five charts showing the volatile response of global financial markets to this week's war between Israel and Hamas. 1/TAKING STOCKMSCI's main world stocks index (.MIWD00000PUS) has reacted to the conflict by notching up its best week in almost two months. But that may have more to do with global bond market borrowing costs which - after rising sharply and knocking the confidence of equity markets - have seen their biggest weekly drop since early June. Its more than 3% drop marks its biggest weekly fall since February when concerns about rule of law changes were still raw. Investors use CDS either as a protection tool or to speculate and this week the cost of buying Israel CDS has surged 80%.

Persons: Brendan McDermid, Israel, Brent, Moody's, Fitch, Marc Jones, Mark Potter Organizations: New York Stock Exchange, REUTERS, Federal Reserve, European Central Bank, GAS, Reuters, CDS, Thomson Locations: New York City, U.S, Israel, Iran, United States, Moscow, Ukraine, India

[1/2] Shadow of the supporter is pictured during the election convention of Law and Justice (PiS) party, before Sunday's parliamentary elections, in Przysucha, Poland October 9, 2023. "It is the most important election we have this year in Europe," said Viktor Szabo, portfolio manager at asset manager abrdn, adding markets had not priced in scenarios such as a hung parliament or the possibility of an early election. Such a scenario would be a key positive for both the currency and Polish equities, said Anna Zadornova, an economist at UBS. "Ultimately there is a point where you need to yield to the economics and how things are going," said Kaan Nazli, a portfolio manager at Neuberger Berman. ($1 = 0.9461 euros)Reporting by Karin Strohecker and Marc Jones, editing by Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

Persons: Kacper, Viktor Szabo, Szabo, PiS, Daniel Wood, William Blair, Anna Zadornova, Banks, Morgan, Goldman Sachs, Adam Glapinski, Kaan Nazli, Neuberger Berman, Karin Strohecker, Marc Jones, Alexander Smith Organizations: Law, Justice, REUTERS, LONDON, abrdn, European Union, JPMorgan, Reuters Graphics EU, EU, liberal Civic Coalition, UBS, Poland's, Copley Fund, Reuters, Thomson Locations: Przysucha, Poland, Europe, loggerheads, Brussels, Romania, Hungary

The 10-year yield on Thursday afternoon stood at about 4.7%, some 18 basis points from the 16-year highs touched last week. “Every time the Fed pauses, yields come down, but the market is not convinced they’re quite there yet." There's plenty of evidence that financial conditions, which reflect the availability of credit in the economy, have tightened in recent months. Credit market spreads have widened as investors demand a higher yield on riskier assets, such as corporate bonds. Fed funds futures show investors pricing in a roughly 15% chance of the central bank's raising rates next month, from around 27% last week.

Persons: Dado Ruvic, ”, Leslie Falconio, they’re, Philip Jefferson, Lorie Logan, Mark Dowding, Goldman Sachs, Edward Al, Hussainy, Neuberger Berman, Jonathan Cohn, Davide Barbuscia, Ira Iosebashvili, Megan Davies, Leslie Adler Organizations: REUTERS, Federal, . Treasury, UBS Global Wealth Management, Reuters Graphics, Dallas Fed, RBC Global Asset Management, Reuters, Treasury, Columbia, Nasdaq, Nomura Securities International, Thomson

☆ Surging rents lift US consumer prices; underlying inflation grinding lower
▼ + stars: | 2023-10-12 | by ( Lucia Mutikani | ) www.reuters.com time to read: +7 min

The so-called core CPI was also lifted by a 3.7% rise in the cost of lodging away from home, which ended three straight monthly declines. The core CPI gained 4.1% on a year-on-year basis in September, the smallest rise since September 2021, after advancing 4.3% in August. Over the last three months, the core CPI increased 3.1%. Still-strong demand in the economy, marked by labor market tightness, which is driving core services inflation excluding rents, imply that the higher rates could last for some time. Reuters GraphicsThere is no sign yet that the United Auto Workers (UAW)strike, now in its fourth week, is having a major impact on the labor market.

Persons: Olu Sonola, Stephen Juneau, Bing Guan, Seema Shah, Lucia Mutikani, Paul Simao Organizations: Federal Reserve, Labor Department, Higher U.S, Treasury, Fitch, CPI, Reuters, Bank of America Securities, Mobil, REUTERS, Fed, Financial, United Auto Workers, UAW, Ford, General Motors, Chrysler, Asset Management, Thomson Locations: WASHINGTON, U.S, New York, Beverly Boulevard, West Hollywood , California

Member of the ECB governing council and Governor of the Bank of Greece, Yannis Stournaras talks during an interview with Reuters in Athens, Greece, October 11, 2023. In the interview, Greece's central bank governor also warned about the risk of stagflation from a prolonged war in the Middle East and spoke against increasing the amount of reserves that banks must hold. He countered calls by some of his colleagues for an early end to the ECB's last surviving bond-buying scheme, saying the central bank may need that firepower in a geopolitical environment fraught with risks. The ECB all but stopped buying bonds last year after a sudden surge in inflation forced it to unwind a decade of stimulus policies. "For the moment I see no reason why we should tighten monetary policy now because increasing the minimum requirements will imply monetary policy tightening," Stournaras said.

Persons: Yannis Stournaras, Louisa Gouliamaki, Rome, ECB policymaker Yannis Stournaras, Stournaras, Francesco Canepa, Mark Potter Organizations: Bank of Greece, Reuters, REUTERS, European Central Bank, ECB policymaker, ECB, Investors, European Commission, Thomson Locations: Athens, Greece, ATHENS, Israel, Palestine, Italy, Rome

☆ Potential end of biggest bond bear market ever has some investors considering fixed income for the first time
▼ + stars: | 2023-10-12 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Bonds are starting to make a lot of sense for investors, Forrest said. Even after pulling back somewhat from those levels, the benchmark yield remains within striking distance of the key 5% threshold. The potential unwinding of what BofA recently called the "greatest bond bear market in history" has more investors trying to lock in higher yields ahead of potential rate cuts next year from the Federal Reserve. 'A lot for us to love bonds' Other investors are building out their bond exposure. The Vanguard Total Bond Market ETF (BND) is off by more than 2% in 2023, but greater than 1% on the week.

Persons: Kim Forrest, she's, Forrest, Bonds, Treasurys, Forrest isn't, Nancy Tengler, She's, —, Tengler, Bryce Doty, Emily Roland, CNBC's, I've, Roland, we've, Lawrence Gillum, Bokeh Capital's Forrest, Sit Investment's Doty, LPL Financial's Gillum, Gillum, Sit's Doty, Doty Organizations: Bokeh Capital Partners, Bank of America, Treasury, Federal Reserve, Laffer, Sit Investment, John Hancock Investment Management, LPL, Bloomberg, Bond, Aggregate Bond, Bond Market, Corporations Locations: U.S, Israel

☆ ECB's Stournaras interview with Reuters
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +9 min

Member of the ECB governing council and Governor of the Bank of Greece, Yannis Stournaras talks during an interview with Reuters in Athens, Greece, October 11, 2023. The rise in bond yields means that financial conditions are even tighter Than before given monetary policy decisions. A: I think we should act only based on monetary policy reasons and justifications. And for the moment I see no reason why we should tighten monetary policy now because increasing the minimum requirements will imply monetary policy tightening. So, we have a pipeline of monetary policy tightening which has been decided in the past.

Persons: Yannis Stournaras, Louisa Gouliamaki, European Central Bank policymaker Yannis Stournaras, it's, I'm, reinvestments, Francesco Canepa Organizations: Bank of Greece, Reuters, REUTERS, Rights, European Central Bank policymaker, ECB, European Commission, Governing, Thomson Locations: Athens, Greece, Palestine, Russia, Ukraine, Iran, China, Europe, Israel, Italy

☆ US consumer prices rise on surge in rents; underlying inflation cools
▼ + stars: | 2023-10-12 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Gasoline prices rose 2.1% after accelerating 10.6% in August. Year-on-year consumer prices have come down from a peak of 9.1% in June 2022. Reuters GraphicsExcluding the volatile food and energy components, the CPI rose 0.3%, matching August's gain. Still-strong demand in the economy, marked by labor market resilience, suggests borrowing costs could remain elevated for some time. Reuters GraphicsThere is no sign yet that the United Auto Workers (UAW)strike, now in its fourth week, is having a major impact on the labor market.

Persons: Bing Guan, Olu Sonola, Seema Shah, Lucia Mutikani, Paul Simao Organizations: Mobil, REUTERS, Federal Reserve, Labor Department, Higher U.S, Treasury, Fitch, CPI, Reuters, United Auto Workers, UAW, Ford, General Motors, Chrysler, Asset Management, Thomson Locations: Beverly Boulevard, West Hollywood , California, U.S, WASHINGTON, New York

☆ Gasoline, food drive US producer prices higher; core inflation cools
▼ + stars: | 2023-10-11 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

The so-called core PPI increased 2.8% on a year-on-year basis in September after climbing 2.9% in August. Wholesale goods prices increased 0.9%, with a 3.3% rise in the cost of energy products accounting for nearly three-quarters of the increase. Excluding the volatile food and energy components, core goods prices edged up 0.1% for the second straight month. This mostly reflected the normalization of supply chains, whose disruption fueled goods inflation in the aftermath of the COVID-19 pandemic. Though core inflation is cooling, higher gasoline and food prices could hamper progress by raising the cost of other goods as well as causing consumers to expect inflation to rise.

Persons: Sarah Silbiger, Christopher Rupkey, Will Compernolle, Alex McGrath, Lucia Mutikani, Chizu Nomiyama, Paul Simao Organizations: El Progreso Market, Washington , D.C, REUTERS, Labor Department, Federal Reserve, Treasury, Reuters, PPI, Reuters Graphics, Trade, Fed, Thomson Locations: Mount Pleasant, Washington ,, WASHINGTON, New York, East, Greenville , South Carolina

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. ET is expected to show the producer price index for final demand increased 0.3% last month after a 0.7% rise in August, ahead of Thursday's closely watched consumer inflation data. Yields on government bonds have eased from their multi-year highs on dovish remarks from Fed officials earlier this week. Central bank officials such as Fed Governor Christopher Waller, Atlanta Fed President Raphael Bostic and Boston Fed President Susan Collins are also scheduled to speak on Wednesday. Exxon Mobil (XOM.N) lost 1.7% as the oil and gas producer is set to buy shale producer Pioneer Natural Resources (PXD.N) in an all-stock deal valued at $59.5 billion.

Persons: Brendan McDermid, Fed's Bowman, Michelle Bowman, Christopher Waller, Raphael Bostic, Susan Collins, Mark Haefele, Birkenstock, Tim Wentworth, Piper Sandler, Drugmaker Eli Lilly, LLY.N, Novo, Shashwat Chauhan, Ankika Biswas, Arun Koyyur, Shounak Organizations: New York Stock Exchange, REUTERS, Companies, Fed's Bowman Exxon, Futures, Dow, Nasdaq, Treasury, Federal, Labor Department, Atlanta Fed, Boston Fed, UBS Global Wealth Management, Traders, Microsoft, Nvidia, Palestinian, Hamas, Dow e, Walgreens Boots Alliance, Arista Networks, Exxon Mobil, Natural Resources, Novo Nordisk's, Baxter International, Thomson Locations: New York City, U.S, Gaza, Thursday's, Middle East, Israel, Bengaluru

[1/4] The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. The IMF adjusted this year's stress test to probe the impact of its baseline economic scenario of higher interest rates for longer, as well as the possibility of consumers yanking deposits. "Under the baseline, it's about 5% of banks that are relatively weak in terms of their capital. And in severe stress, that number goes up to 30% or sometimes higher," Adrian said. The IMF did not identify the banks that could be in trouble if those economic circumstances arose, but they included both small and large lenders.

Persons: Yuri Gripas, Tobias Adrian, Adrian, There's, Pete Schroeder, Michelle Price, Paul Simao Organizations: Monetary Fund, REUTERS, Rights, International Monetary Fund, IMF, Valley Bank, Switzerland's Credit Suisse Group, Monetary, Capital Markets Department, Palestinian, World Bank, U.S, Thomson Locations: Washington , U.S, California, Israel, Gaza, Marrakech, Morocco, Italy, Federal, U.S

☆ Stocks ride wave of risk appetite; Israel conflict rages on
▼ + stars: | 2023-10-10 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 9, 2023. REUTERS/Staff/File Photo Acquire Licensing RightsLONDON, Oct 10 (Reuters) - Global stocks rose on Tuesday, as a wave of risk appetite swept through markets after Federal Reserve officials signaled the recent yield surge could justify caution on interest rates, while oil eased, but violence in Israel made for nervy trading. "Based on Monday's comments from the Fed, the market is starting to think that the central bank does take greater notice of bond yields after all," ING strategist Chris Turner said. "However, we suspect that this may not be a defining story for the bond market in that no central bank likes being backed into a corner over what bond yields mean for monetary policy." Oil prices eased after climbing more than 4% on Monday.

Persons: Treasuries, Kallum Pickering, Chris Turner, Brent, Kane Wu, Stella Qiu, Kim Coghill, Christina Fincher, Chizu Organizations: REUTERS, Staff, Federal, Hamas, Fed, ING, Garden Holdings, HK, Thomson Locations: Frankfurt, Germany, Israel, Europe's, U.S, Palestinian, Gaza, Hong Kong, Sydney

☆ Deutsche Bank strategists recommend equity overweight into 2024
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +1 min

Deutsche Bank logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsLONDON, Oct 10 (Reuters) - Strategists at Deutsche Bank have recommended an overweight in equities into 2024, as risks are now well reflected in the market and those are about to turn into opportunities. "We anticipated weaker growth, disappointing beats in earnings and disappointing central bank communication into Q3," Deutsche Bank strategists, led by Maximilian Uleer, head of European Equity- and Cross Asset Strategy, said in a note. The bank has set its 2024 forecast for the STOXX 600 (.STOXX) at 510, for the Euro STOXX 50 (.STOXX50E) at 4,850 and DAX 40 (.GDAXI) at 18,000. Deutsche Bank added it remained neutral U.S. equities versus Europe, while within Europe is underweight the Switzerland's SMI (.SSMI) due to its "defensive character into a bullish market."

Persons: Dado Ruvic, Maximilian Uleer, DAX, Uleer, Brent, Samuel Indyk, Amanda Cooper, Bernadette Baum Organizations: Deutsche Bank, REUTERS, European Equity, Europe, Thomson Locations: Europe, Israel, Palestine

☆ Treasury yields fall as investors seek safe havens amid Israel-Hamas conflict
▼ + stars: | 2023-10-10 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the 2-year Treasury yield was down by over nine basis points to 4.9843%. The 10-year Treasury yield was last more than 12 basis points lower at 4.6571%. U.S. Treasury yields fell on Tuesday as trading resumed after Columbus Day, with investors weighing the potential geopolitical and economic impact of the Israel-Hamas war . Concerns about the implications of the Israel-Hamas conflict continued, with investors considering whether it may affect markets and the global economy. Investors poured into government bonds, which are traditionally seen as safer investments, driving Treasury yields lower.

Persons: Philip Jefferson, Lorie Logan Organizations: U.S, Treasury, Columbus, Investors, Hamas, Israel, Federal, Dallas, Fed, International Monetary Fund Locations: Israel, Gaza

☆ US stocks rise and bond yields move lower as investors watch Israel-Hamas conflict
▼ + stars: | 2023-10-10 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

US stocks climbed Tuesday as investors continued to monitor the Israel-Hamas conflict. The 10-year Treasury yield dipped by about nine basis points. BlackRock, meanwhile, cautioned that the bond market rout is far from over. AdvertisementAdvertisementUS stocks climbed slightly at the start of trading Tuesday and bond yields moved lower while investors continued to watch the Israel-Hamas conflict unfold. While yields slipped further from 16-year highs notched just last week, BlackRock cautioned that the bond market sell-off still isn't over, and further pain could still be on the way.

Persons: —, Goldman Sachs, Janet Yellen, Jim Rogers Organizations: Treasury, BlackRock, Service, Federal Reserve, Dow Jones, RBC Locations: Israel, Global

☆ Capitalize on once-in-a-generation opportunities in the bond market by making these 5 moves now, according to 6 leading fixed income strategists
▼ + stars: | 2023-10-10 | by ( James Faris | ) www.businessinsider.com time to read: +11 min

Yahoo FinanceHowever, six leading fixed income investors are confident that the pain won't last much longer. Michele continued: "I've been doing this since 1981, so I've seen a decade of double-digit bond yields with disinflation. Alex Petrone, the director of fixed income at Rockefeller Asset Management, agreed that it's too soon to write off a recession. Nailing timing helps maximize returns, though fixed income experts said that's difficult because the Fed's policy decisions are unpredictable. Buying Treasuries and municipal coupons on both the long and short ends of the curve are how she recommends playing fixed income.

Persons: Jonathan Mondillo, you've, Bob Michele, Michele, I've, we'll, Federal Reserve —, Robert Robis, Robis, Alex Petrone, it's, Petrone, Mary Daly, David Schiffman, Roger Aliaga, Diaz, Aliaga, Mondillo, Schiffman Organizations: Yahoo Finance, JPMorgan Asset Management, isn't, Federal Reserve, BCA Research, Rockefeller Asset Management, Fed, San Francisco Fed, Aquila Investment Management, Vanguard's Investment, Investment Locations: Scotland, bottoming, Abrdn, Aquila, Treasuries, CCC

☆ The IMF sees greater chance of a ‘soft landing’ for the global economy
▼ + stars: | 2023-10-10 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

The IMF’s projections for growth and inflation are “increasingly consistent with a ‘soft landing’ scenario… especially in the United States,” Gourinchas continued. The 20 countries using the euro are expected to grow collectively by 0.7% this year and 1.2% next year, a downgrade of 0.2 percentage points and 0.3 percentage points respectively from July. The IMF upgraded its growth forecasts for the US economy to 2.1% in 2023 and 1.5% in 2024 — an improvement of 0.3 percentage points and 0.5 percentage points respectively. “The strongest recovery among major economies has been in the United States,” the IMF said. The IMF revised its forecasts for global inflation to 6.9% this year and 5.8% next year — an increase of 0.1 percentage point and 0.6 percentage points respectively.

Persons: Pierre, Olivier Gourinchas, ” Gourinchas, Qilai Shen, Gourinchas Organizations: London CNN —, Monetary Fund, IMF, Bloomberg, Getty, Brent Locations: United States, China, Europe, Ukraine, Guangzhou, Israel, Saudi Arabia, Russia

The Bank of Israel building is seen in Jerusalem June 16, 2020. The shekel fell 2.2% versus the dollar to 3.924 - its lowest since a 2016 - after the announcement, then steadied. The central bank also said it would provide liquidity through SWAP mechanisms in the market of up to $15 billion. "The Bank of Israel will continue monitoring developments, tracking all the markets, and acting with the tools available to it as necessary," it said. Israel's dollar-denominated government bonds also fell sharply in early European trading as investors got their first chance to react to the unprecedented weekend attack.

Persons: Ronen, Amir Yaron, Steven Scheer, Ari Rabinovitch, Emily Rose, Marc Jones, Jacqueline Wong, Sonali Paul, Andrew Heavens Organizations: of, REUTERS, Rights, Bank, Israel, Palestinian, Citi, Bank of Israel, Reuters, Thomson Locations: of Israel, Jerusalem, Gaza, Israel, Egypt, Yom, Tel Aviv, London

☆ Insider Today: Market's crash landing
▼ + stars: | 2023-10-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +9 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The core question it presents is whether personal AI devices could have the same impact that the iPhone had on the tech industry. Meta's Responsible AI team shrank amid layoffs and restructuring. Yet the team tasked with ensuring that new AI tech was "fair and inclusive" is half the size it was in 2021. Yet the team tasked with ensuring that new AI tech was "fair and inclusive" is half the size it was in 2021.

Persons: —, Benjamin Netanyahu, Insider's Matthew Fox, Mohamed El, Matthew, Jerome Powell, hasn't, mavens, Izzy Englander, Citadel's Ken Griffin, Point72, Steve Cohen, Phil McCarten, Dave Kotinsky, Shaw, Victor Virgile, Arantza Pena Popo, Bella Hadid, John Lennon, Ben Shelton, Sharon Osbourne, William Hanson, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Hamas, Saturday, Israeli, Citadel, federal, Tech, Peoples, Indian Heritage Locations: Israel, D.E, Cupertino, China, South Dakota, Oklahoma, Hawaii, Alabama, Dakota, Los Angeles, New York City, San Diego, London, New York

S&P 500 (.SPX) companies overall are expected to have increased earnings by 1.3% from a year ago, according to LSEG IBES. After a rough September for stocks, "we need some good news" from earnings season, said Matthew Miskin, co-chief investment strategist at John Hancock Investment Management. Inflation dampened company earnings in the first half, after consumer prices surged in 2022 to their highest levels in decades. Investors will also scrutinize company fourth-quarter outlooks, with S&P 500 earnings for the fourth quarter currently expected to rise 10.8% from a year earlier. One clue could come from the consumer discretionary sector (.SPLRCD), where earnings are expected to have jumped by 23.1% from the year-ago period.

Persons: Brendan McDermid, LSEG, Matthew Miskin, You've, you've, Miskin, Rick Meckler, John Hancock, J.P, Morgan Chase, James Ragan, Davidson, Ragan, ”, Oliver Pursche, Caroline Valetkevitch, Lewis Krauskopf, Megan Davies, Ira Iosebashvili, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, John Hancock Investment Management, Cherry, Investments, Reuters Graphics Reuters, Federal Reserve, Treasury, Delta Air Lines, PepsiCo, UnitedHealth, Wealthspire Advisors, Thomson Locations: New York City, U.S, Westport , Connecticut

Oct 9 (Reuters) - Shares in U.S. and European-listed companies with business exposure to Israel fell on Monday on worries that an escalation in conflict with Palestinian Islamist group Hamas would impact their operations. Wall Street opened lower, while European stocks dipped as surging oil prices fanned inflation worries and investors fled to the safety of government bonds and the dollar. U.S. shares of Israeli chipmaker Tower Semiconductor fell 5.2%, while Intel (INTC.O) dipped 1.1% and Nvidia (NVDA.O) 2.1%, dragging the chip sector lower. U.S.-listed shares of Israel's Teva Pharmaceutical (TEVA.TA), the world's largest generic drugmaker, fell 3.3%, while those in fertilizer group ICL Group (ICL.TA) dipped 1.4%. U.S. exchange-traded funds exposed to Israel such as the iShares MSCI Israel ETF and the ARK Israel Innovative Technology ETF fell 6.6% and 4.4%, respectively.

Persons: Benjamin Netanyahu, Raffi Boyadjian, Energean, Adani Ports, Danilo Masoni, Sruthi Shankar, Amanda Cooper, Deborah Kyvrikosaios, Arun Koyyur Organizations: Palestinian, Semiconductor, Intel, Nvidia, Energy, Tel Aviv ., U.S, Cruise Line Holdings, Royal Caribbean Group, XM, Israel's, ICL, ARK Israel Innovative Technology, Adani, Thomson Locations: Israel, Tel Aviv, Saudi Arabia, Gaza, London, India, Adani, Haifa Port, Northern Israel

Passersby are reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. REUTERS/Issei Kato/File Photo Acquire Licensing RightsOct 9 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. To recap, the S&P 500 and Nasdaq on Friday registered their biggest gains since late August, and the S&P 500 snapped a four-week losing streak, after data showed that showed U.S. job growth in September smashed forecasts. Figures on Saturday showed that China's foreign exchange reserves fell $45 billion in September to $3.115 trillion from $3.16 trillion in August. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Issei Kato, Jamie McGeever, Wall, Treasuries, Fed's Barr, Jefferson, Diane Craft Organizations: REUTERS, Swiss, Nasdaq, Analysts, Thomson, Reuters Locations: Tokyo, Japan, Israel, Gaza, Asia, China, U.S, Beijing, Logan, Indonesia

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