字幕表 動画を再生する 英語字幕をプリント Hi, this is Jeffrey Kleintop with 90 seconds on what we're watching this week. It's an Olympic-sized week for earnings with 177 S&P 500 companies expected to report quarterly results, more than doubling the number that have reported so far. And taking the gold is Europe with the strongest earnings growth this quarter from a year ago, and that's lowered price-to-earnings ratios in Europe and widened the valuation gap between European and U.S. stocks to the widest point in more than 20 years. Stocks around the world have been setting records with the U.S. S&P 500, Europe's STOXX 600 index and in Asia, Australia is ASX 200 index all hitting new all-time highs last week. The competition between earnings reports and the Delta variant in the news have tilted back toward earnings, favoring stocks globally last week. The Delta variant continues to spread globally, with new daily cases on the rise but the most recent wave of cases in the UK and Indonesia seemed to be slowing and making for some good news. A rotation back to economically sensitive companies, including international stocks, could happen as the current COVID waves subside. On Wednesday, the markets will be judging the Fed's meeting and post-meeting press conference by chairman Powell. The focus will be on the Fed's bond buying program. Officials will probably also discuss how they're balancing the downside risks from the Delta variant with upside risks to inflation. And that could move markets, especially with the drop in the 10-year yield over the past couple of months. And, finally, the host country of this year's Summer Olympics, Japan, is set to release the likely slew of positive data, or a slew of likely positive data, despite the Olympic backlash over new COVID-19 cases. Mobility data hasn't slowed down and global growth is providing Japan with a boost. Thanks for watching.