British banks eagerly await Visa statement – New York Report
Visa is the one to watch in the US today, as Britain’s banks line up for a payout from the £14bn sale of Visa Europe. The payments company is expected to be bought out by the US company Visa Inc, when it reports results later on.
Tesla, the maker of electric cars, is set to post its results tomorrow.
Facebook is out on Wednesday, Walt Disney Thursday, and Berkshire Hathaway rounds off the week on Friday.
Monthly sales figures from the big automakers are slated for release on Tuesday.
Look forward to Fed chair Janet Yellen addressing Congress, queuing up our very own Bank of England governor Mark Carney’s big day on Thursday.
Friday brings the US jobs report, the non-farm payroll, for the month of October.
It could be an interest rate -mover for the Federal Reserve, being the pen-ultimate report before the Fed’s December meeting.
In September the non-farm payroll numbers left many wanting, with just 142,000 jobs being added.
October purchasing managers indices for factory and services sectors and trade balance figures are also out.
Though the stock market has broadly recovered from its August swoon, the same cannot be said of transport stocks. Continuing weakness in railroad and trucking companies have pushed the Dow Jones Transport Average index away from the S&P 500, a divergence that often is seen as a broad sell sign.
But some analysts say the transports, down 11 per cent in 2015 compared with the S&P 500’s 1.5 per cent gain, might be oversold on sector-specific issues.