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European bank stocks have risen 20% this year, but their upward momentum faces the test of earnings season.
Several of the largest banks in Europe will release their Q2 earnings this week.
Barclays PLC Continues Share Buy-Back Program
Barclays PLC has announced the buy-back and subsequent cancellation of 4,811,000 of its own shares, acquired at a volume weighted average price of 229.0919p each.
After Biden dropped out of the race, the market is pondering the future of the "Trump trade".
At the beginning of a new week, investors will be busy determining whether President Biden's decision to end his re-election campaign and support Vice President Kamala Harris will increase or decrease the chances of Donald Trump regaining power. The earliest time for traders to respond will be in Monday's Asian session, and forex market trading will rebound at that time. A disastrous debate has raised concerns about whether the 81-year-old Biden is capable of serving another term as president, and in the following weeks, financial markets have lowered the likelihood of Biden's re-election. They are generally bullish on trades that are expected to benefit from Trump's loose fiscal policy, increased trade tariffs, and weakened regulation. Specific.
What to Expect in the Week Ahead (Google and Tesla Earnings; GDP and PCE Data)
This week, investors should keep an eye on earnings reports from several key players, including Google and Tesla. Key economic data to watch for will include the release of the first estimate of second-quarter gross domestic product and the Federal Reserve's preferred inflation measure for June.
Top Gap Ups and Downs on Friday: AXP, ISRG, CRWD and More
Gaps can show signals that something important has happened to the fundamental or the psychology of traders that accompanies this market movement.
Coca-Cola (KO) Gets a Buy From Barclays
In a report released today, Lauren Lieberman from Barclays maintained a Buy rating on Coca-Cola (KO – Research Report), with a price target of $69.00. The company’s shares closed yesterday at $65.19.