Question

Report (summarize, discuss or analyze) at least one international financial news/events occurred in the current weeks about global financial markets, the financial markets of US or other countries/ regions. Note 1: include but not limited to news/events about foreign currency, international monetary system, multinational corporation operation, capital flow, cross-border merger and acquisition, international banking, and global investment. Note 2: please indicate the information sources such as the web links or any references. Note 3: grades on relevance and significance of the news/events

Answer 1

Futures were Subdued from U.S Banks after Mixed Results

On October 14, 2020, the Stock Market Index S&P 500 were flat on Wednesday. The main reason for the flat market was mixed results of quarterly earnings report stated by Major Wall Street Lendors. The doubt about fiscal stimulus followed by predicament in Washington is also one of the reasons.

Goldman Sachs Group Inc, the leading investment management business, droped by 2.2% before market opens for its trading and related business which helped their quarterly profit flow at 94%.

Bank of America Corp, a multinational investment bank, falls by 2.3%.

Wells Fargo & Co, the big financial service firm, dropped by 1.6% .

Dow e-minis were 0.15%, Nasdaq 100 e-minis were 0.25% and S&P 500 e-minis were 0.01%.

Concho Resources Inc, oil and gas property firm, rush 9.7% after it acquired the shale producer.

The United Health Group Inc, by the help of its Optimum Unit in pharmacy business, raise about 0.8%.

Information Source:

1. Financial and Business News- Yahoo Finance news

2. www.cnbc,com