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Romain Fournier

Chief Editor
Having worked in the British, French and Swiss financial press, Romain is able to report on local and international issues, as comfortable in French as in the language of Shakespeare, Romain Fournier leads the editorial team at Marketscreener. Fine connoisseur of the English-speaking markets, Romain delivers an editorial every day on US and UK markets.

How will rising costs affect earnings?

10/11/2021 | 05:11am EST

Rising inflation and a looming interest rate hike is weighing on the FTSE 100, which remains flat this morning. Investors are eager to find out how shortages, supply chain issues and rising prices impacted companies in the third quarter, as the earnings seasons officially starts this week.

Nineteen companies are listed on the S&P are due to post their results before Friday, starting, as usual, with large US banks. Meanwhile, oil prices continue to rise, with Brent crude close to $84, and central banks are multiplying statements to prepare markets for a rate hike. Bank of England policymaker Michael Saunders warned a "significantly earlier" interest rate rises, the Telegraph newspaper said on Saturday.

Statistic: Inflation rate for the Consumer Price Index (CPI) in the United Kingdom from January 1989 to August 2021 | Statista

Find more statistics at Statista

In corporate news, online clothing store ASOS dropped 11.4% after the departure of Chief Executive Officer Nick Beighton. It also said that supply chain disruption and higher costs could hit profits by over 40% next year.



Things to read:

UK funds split over disclosing how much ‘skin in the game’ they have (Financial Times)

US mortgage bonds feel strain of Fed pullback plans (Financial Times)

Investors Watch for Rising Costs in Earnings This Week (WSJ)

ę MarketScreener.com 2021
Stocks mentioned in the article
ChangeLast1st jan.
ASOS PLC -2.21% 2340 Delayed Quote.-49.95%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.09% 0.71 Delayed Quote.-7.40%
BRITISH POUND / US DOLLAR (GBP/USD) 0.29% 1.33137 Delayed Quote.-2.90%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.08% 0.7807 Delayed Quote.-0.62%
EURO / US DOLLAR (EUR/USD) 0.09% 1.13264 Delayed Quote.-7.24%
FTSE 100 -0.72% 7113.26 Delayed Quote.10.05%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.03% 0.013338 Delayed Quote.-2.74%
LONDON BRENT OIL 2.06% 70.2 Delayed Quote.46.31%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.02% 0.68128 Delayed Quote.-4.95%
WTI 1.09% 66.878 Delayed Quote.48.10%