Blinken: US secretary of state Antony Blinken will depart for Friday meetings in Israel with members of the Israeli government. He will also make stops in other countries in the region.
Apple: Investors will be keen for updates on the growth trajectory for the latest iPhone model and Apple’s services when the tech giant reports quarterly earnings after Wall Street’s closing bell. Apple is expected to report a slight decline in fourth-quarter revenue, but earnings are forecast to rise to $1.39 a share from $1.29.
Starbucks: Investors will be interested to hear how the coffee group has performed in China, a key growth market. The company is expected to report stronger sales and profits in the three months to September compared with the same quarter last year.
Other earnings: Eli Lilly, ConocoPhillips, Moderna, Molson Coors, Fox, Shopify and Paramount Global will report before the market opens. DraftKings, Carvana and Booking Holdings will report after the market closes.
Economic data: New orders for manufactured goods in the US are predicted to have increased 2.4 per cent in September, accelerating from a 1.2 per cent increase in August. Separately, initial US jobless claims, a proxy for lay-offs, are projected to total 210,000 for the week ending October 28, matching the prior week.
Robert Johnson is a UK-based business writer specializing in finance and entrepreneurship. With an eye for market trends and a keen interest in the corporate world, he offers readers valuable insights into business developments.
