Notable Earnings this week (TSLA) along with stocks we are watching

US markets closed higher last week, with $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ and $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ drifting higher up by 0.79% and 0.16% respectively. This comes after a number of US companies including $Netflix (NFLX.US)$, $Goldman Sachs (GS.US)$, $Morgan Stanley (MS.US)$, $Bank of America (BAC.US)$ releasing quarterly results that outperformed expectations. Another 50-basis-point rate cut is likely out of discussion, and markets are expecting a 93% chance of a 25-basis-point rate cut in November. Traders should look out for multiple key economic data this week: initial jobless claims, global manufacturing PMI, global services PMI. Among the companies that would be reporting their quarterly earnings this week, traders could look towards $GE Aerospace (GE.US)$, $General Motors (GM.US)$, $Tesla (TSLA.US)$ and $Coca-Cola (KO.US)$ .

Asian markets closed mixed last week. $HSI Futures(NOV4) (HSImain.HK)$ dropped before rebounding, closing the week lower by 1.93%. Its rebound came after Chinese central banks rolled out funding schemes to further support the Chinese economy. However, traders should remain cautious as real estate and stock markets require more detailed measures. Japan's $Nikkei 225 (.N225.JP)$ dropped by 1.51%. This is due to weakening of the JPY and further risk-off sentiment among traders due to Japanese politics. Traders should keep an eye out for au Jibun Bank Japan manufacturing PMI and services PMI, and Tokyo CPI out this week. $FTSE Singapore Straits Time Index (.STI.SG)$ climbed higher by 1.86%, mirroring the US indices. The finance sector made notable gains, with the Big 3 banks ending the week higher. $Singtel (Z74.SG)$ and $YZJ Shipbldg SGD (BS6.SG)$ rallied the most by 3.49% and 3.20% respectively. Traders can look out for CPI data released tomorrow.

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