(News Bulletin 247) – Futures on US equity indices predict a rather favorable opening (+0.3% on the S&P500, +0.1% on the Nasdaq-100), in the wake of a Thursday session driven by hopes of an agreement in Washington to raise the US debt ceiling.
“In a statement released Thursday, House Speaker Kevin McCarthy gave an optimistic view, saying he sees ‘the path we can take to reach an agreement,'” Wells Fargo said.
‘Furthermore, he even said he expected the House of Representatives to consider a deal next week, with a ‘deal in principle’ possible this weekend’, Deutsche Bank reported this morning. .
Optimism on this hot topic of the moment could continue to prevail this Friday, especially since no macroeconomic data is scheduled for the day’s calendar to hold investors’ attention.
In stock news, John Deere raised its guidance for the 2022-23 fiscal year on strong quarterly results, with the farm machinery maker citing ‘favorable market conditions and an improving operating environment’.
Conversely, the sporting goods chain Foot Locker revised down its annual forecasts on the sidelines of the announcement of quarterly results at half mast, its sales having “slowed down significantly in a difficult macroeconomic context”.
Finally, the equipment manufacturer for the semiconductor industry Applied Materials published Thursday evening EPS and quarterly revenues at the top of its forecast ranges, but unveiled a more disappointing outlook for the current quarter.
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