NEW YORK (
) -- Good Sunday afternoon and welcome to another edition of Weekend Reading. First a look back at the week that just finished, then a look forward at the week ahead, and then a summary of articles and research papers worth reading.
It was a decent week for the major U.S. markets, but gains were more muted than they have been in previous weeks. The
gained 0.5%, the
was up 0.7% and the
ended the week up 0.3%.
Blame bank troubles, worries about trade and currencies (China's and the U.S.'s in particular), as well as indifferent earnings. On the other hand, it was a solid week for U.S. IPOs, with six averaging gains of 31%.
Looking ahead to next week, it will be all earnings, all the time, albeit with a continuing backdrop of trade and currencies. Third-quarter earnings season will be solid, with few surprises, so most of the attention will be on guidance. There will be continuing fallout from
this weekend's G20 meeting
, which seems to have produced a group hug but not much else in terms of incentives for countries to play nicely given current trade tensions.
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Turning to economic indicators, we will see reports in the coming week on existing-home sales, durable goods orders and U.S. third-quarter GDP.
As for earnings, the week will bring reports from
CB Richard Ellis
, among a host of others.