· The bull run could soon hit turbulence once the record-breaking earnings season ends, according to Nuveen's Brian Nick.
"We'll see in November and December as good news headlines go away – what, if anything – takes over and what kinds of bumps we get between now and the end of the year," the firm's chief investment strategist said recently on CNBC's "Futures Now."
"If you're looking forward into the end of next year, the light is still green for the U.S. economy and for corporate profits," he added.
"Between now and then, we see the markets anywhere between 8 percent and 10 percent higher, and that's basically in-line with our expectations for earnings growth," the investor said.
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· European stocks are expected to open lower Thursday as investors react to a slew of earnings news and wait for the latest rate decision from the Bank of England (BOE).
The FTSE 100 is seen 26 points lower at 7,462; the DAX is expected to be lower by 19 points at 13,446 and the CAC 40 is set to open down by 1 point at 5,512.
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· Asian shares inched higher on Thursday after the U.S. Federal Reserve said economic growth was solid, virtually cementing the case for a December rate rise even as investors braced for what is expected to be the Bank of England’s first hike in more than 10 years.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was nearly flat in late afternoon trade, after earlier climbing to its highest levels since November 2007.
· Japan’s Nikkei share average extended its strong rally to top a new 21-year peak on Thursday, ahead of a long weekend, with investors piling into miners and companies such as Honda Motor and Sony on robust earnings prospects.
The Nikkei ended up 0.5 percent at 22,539.12 after reaching a high of 22,540.25, its best close since late June 1996.
· China stocks weakened on Thursday morning, weighed down by banking and real estate shares, as investors who liked the third-quarter reporting season now anticipate a possible economic slowdown and tighter liquidity before year-end.
The Hong Kong market was also soft, as investors await a fresh catalyst to restart a rally that appears to be losing steam.
China’s blue-chip CSI300 index was down 0.4 percent, to 3,979.75 points at the end of the morning session, while the Shanghai Composite Index shed 0.6 percent, to3,376.11 points.
The Hang Seng index dropped 0.2 percent, to 28,552.47 points, while the Hong Kong China Enterprises Index lost 0.1 percent, to 11,622.31.
Reference: Reuters, CNBC
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