On wall street begins the season of earnings: indices Nasdaq-100 and S&P 500. #SPX

Thursday, February 13, us stock markets started trading lower. The reason for this was the approaching trade and economic truce between the US and China. Yesterday, 14:15 MSK futures on the Dow fell 61 points (- 0,2%), while futures on the S&P 500 and the Nasdaq 100 down 0.3%.


Experts suggest that during the late stage of the economic cycle and narrowing the possibilities of support from the Central banks, the markets can do to drive themselves to a standstill. Chief investment officer mark Havel, which is the largest in the world managing capital UBS Wealth Management, said, “Central banks are flooding the markets with liquidity, which entails most of the profits”.


It should be noted that US banks opened the earnings season, active dynamics observed in: JPMorgan, Citigroup and Wells Fargo. But investors should pay attention to JPMorgan, as it is the largest and most dynamic “blue blood,” wall street: the Bank's operations in the United States are indicative of the state of the economy as a whole. Consensus estimates for JPMorgan suggests that in the coming months, the net profit per share will be 19% (to 2.35 USD) and total revenue will increase by 4.3% and reach of 27.96 billion USD. Analysts predict that the net margin of the Bank will not change and will amount to 2.37%.


International investment company Blackrock has warned of the serious changes in the distribution of capital, as in recent years investors have started to pay special attention to climate risks. In addition, Blackrock has repeatedly criticized due to the fact that the company does not use its market position for the prioritisation of sustainable development.


The annual letter to the General Directors, Blackrock stated that it will double the offer exchange-traded funds focused on environmental standards to 150. One of the promises was to reduce companies that get a quarter or more of revenues from thermal coal of actively managed portfolios. The main objective of the Blackrock over the next 10 years is to increase sustainable assets up to $ 1 trillion USD compared to the current 90 billion USD. As stated by CEO Larry Fink, “the company, investors and governments should prepare for a significant reallocation of capital”.


Another interesting fact is that the Visa company announced the redemption of a startup Fintech Plaid Inc. over 5.3 billion USD in the framework of the strategy of diversification and expansion of core business in the field of Bank cards. Plaid offers software that provides financial applications to access clients ' Bank accounts. Venmo, a money transfer service PayPal, is one of the largest customers of the Plaid, according to the Wall Street Journal.


The acquisition reflects the need for giants Visa and Mastercard to keep: technology is increasingly embedded in daily life and threaten to oust the usual payment forms.

13 February, 2020

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