Stocks Rebound Ahead of Bank Earnings and Biden's Israel Trip While Inflation Data Looms
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U.S. stocks bounced back on Monday ahead of bank earnings and Biden's Israel visit easing Gaza war worries.
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Bank of America, Goldman Sachs and BNY Mellon report Q3 earnings today after solid results from JPMorgan, Wells Fargo and Citi last week.
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Economic data deluge today includes retail sales, industrial output, housing and inflation readings. Multiple Fed speakers lined up.
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China Q3 GDP out Wednesday but property sector woes linger as Country Garden bonds face default.
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Bank of England gets wage growth relief but gilt yields and sterling still pressured. Putin's China visit highlights partnership.