Market risk sentiment cooled on Monday, with all stocks in Europe and the United States falling back and US bond yields back above 1.61%. This week, investors continued to pay attention to comments on listed companies' earnings, supply chain bottlenecks and inflation.

As of press time, Dow futures are down 0.4%, S & P 500 index down 0.3%, and Nasdaq futures down 0.3%.

The FTSE 100th index in the UK fell 0.5 per cent, Germany's DAX index fell 0.7 per cent and France's CAC-40 index fell 1.2 per cent.

The dollar index rose modestly, recovering from last week's one-year high, partly reversing last week's losses as inflation expectations and rising bond yields boosted the dollar's attractiveness against other currencies.

Spot gold fell slightly, hitting as low as $1761.01 an ounce during the day.

Major U. S. stock indexes recorded their best weekly performance in months last week, with a better-than-expected start to the earnings season.

Dow JonesThe index rose 382 points on Friday, closing up 1.58%, its best week since June. The S & P 500 rose 1.82% last week, its best week since July last year; NasdaqThe composite index posted its best week since the end of August, with the technology-heavy Nasdaq composite index up 2.18%.

Except for Goldman Sachs GroupFriday's better-than-expected results were boosted by positive economic data. The us reported on Friday that retail sales rose 0.7 per cent in September, while economists had expected retail sales to fall by 0.2 per cent.

"Wall Street had expected spending to slow, but it turned out that US consumers would not be affected," said Edward Moya, a senior market analyst at Oanda. "the better-than-expected retail sales figures for several consecutive months show that consumers are strong in the pre-Christmas holiday season," he added.

The earnings season is in full swing, and many big companies will announce results this week, including Netflix、 Johnson & Johnson, United Airlines and Procter & Gamble Co. Tesla, VerizonAnd IBMWaiting for the company.

So far, 41 S & P 500 stocks have reported third-quarter results, with 80 per cent of them beating expectations for earnings per share, according to FactSet.

Taking into account the results already announced and forecasts for the rest, profits of S & P 500 companies will rise by 30 per cent in the third quarter, the third highest quarterly increase since 2010, according to FactSet.

Strong first-week results, including large banks, pushed major stock indexes close to all-time highs. The Dow is down less than 1% from its all-time high, while the s & p 500 and Nasdaq composite index are down 1.6% and 3.3%, respectively. As the earnings season is in full swing, investors will keep a close eye on the company's comments on supply chain bottlenecks and inflation.

"the delayed effects of monetary stimulus, soaring consumer net worth, reopening and inventory rebuilding seem likely to boost growth in 2022," Ed Hyman, chairman of Evercore ISI, wrote in a report. Supply chain problems are likely to be alleviated and unmet demand this year is likely to be met next year. Wages are likely to rise, thereby raising consumer incomes. "

The inflation outlook has also boosted expectations of an early tightening of global monetary policy, with Dansk expecting the Fed to raise interest rates as many as twice in the second half of next year. Us retail sales rose at an unexpectedly strong monthly rate in September on Friday, with the yield on two-year Treasuries climbing 4 basis points at one point, breaking 0.40 per cent for the first time since March 2020.

Treasury yields held firm on Monday, continuing the trend of recent weeks, with the benchmark 10-year yield back above 1.61%.

On Monday, the National Association of Home Builders' October housing market index will be released at 10:00 Beijing time.

Focus stocks

Tesla, Inc. rose 0.23 per cent before trading and will rebound 50 per cent from its March low.

Valneva skyrocketed more than 30% before the plate, and its phase 3 trial of COVID-19 vaccine has achieved positive results.

Zillow fell 6.4% before trading as the company temporarily suspended home purchase services due to strong demand.

Revance Therapeutics plummeted 33.2% before trading after FDA refused to approve its injection treatment for facial wrinkles because of defects in production facilities.

DisneyDown 1.8% before trading, Barclays downgraded Walt Disney Company's stock from overweight to hold, as the growth of Walt Disney Company + streaming service slowed significantly.

Netflix IncUp 0.4% in pre-market trading, the company estimated the value of its hit show "Squid Game" at nearly $900 million, which cost only $21.4 million to produce.

PinterestDown 1.6% before trading, Credit SuisseCut the target price of the Pinterest from $82 to $62.