Earnings Ahead • U.K. Stability • China Consolidation

October 24, 2022 | Hoya Capital

Earnings Ahead • U.K. Stability • China Consolidation Real Estate Daily Recap Oct 24 Written By U.S. equity markets rebounded Monday following a busy weekend of international political developments with hopes of U.K. economic stability and expectations of continued 'COVID-zero' policies in China after Xi's power consolidation. Ahead of a busy week of earnings reports and economic data, the S&P 500 advanced 1.2% today- adding to last week's rebound of nearly 5%-while the tech-heavy Nasdaq advanced 1.1%.

Real estate equities were mixed today ahead of a busy two weeks of REIT earnings reports. The Equity REIT Index finished fractionally higher today with 10-of-18 property sectors in positive territory. Political instability in Europe and Asia has loomed over markets in recent weeks, and while the U.K. appears to be headed in the right direction with Rishi Sunak set to become Britain’s next PM, questions loom over China as Xi Jinping consolidated power with a third term.

It'll be another jam-packed week of housing data, inflation reports, and corporate earnings results in the week ahead. The main event of the week comes on Thursday with third-quarter Gross Domestic Product. We'll hear reports from over 50 REITs this week as well. Income Builder Daily Recap U.S. equity markets rebounded Monday on a busy weekend of international political developments with hopes of U.K. economic stability and expectations of continued 'COVID-zero' policies in China after Xi's power consolidation .

Adding to last week's rebound of nearly 5% ahead of a busy week of earnings reports and economic data, the S&P 500 advanced 1.2% today while the tech-heavy Nasdaq 100 advanced 1.1%. Real estate equities were mixed today as investors looked ahead to a busy two weeks of REIT earnings reports. Again led by the more 'pro-cyclical' property sectors, the Equity REIT Index finished fractionally higher today with 10-of-18 property sectors in positive territory while the Mortgage REIT Index advanced 0.2%.

As discussed in our Real ...