Earnings releases from tech companies are set to be the main focus in the coming week, but there are also a number of major companies in other sectors due to report.
Despite ongoing conflict in the Middle East, oil prices haven’t spiked quite as much as feared.
Shares in BP are down by nearly a quarter over the past year, with results from previous quarters weighing on the stock.
Shell’s shares are down 6.5% on a one-year basis.
In its trading update giving a glimpse into what it expects for the third quarter, Shell said it expected indicative refining margins to fall to $5.5 a barrel, down from $7.7 in the second quarter. This would represent a 30% fall in refining margins.
Shares in Uber ticked lower following reports last week that the company was eyeing a potential takeover offer for Expedia.
The Financial Times reported that Uber had “explored a possible bid” for travel website.
Following on from quarterly reports by three of the UK’s big banks — Lloyds (LLOY.L), Barclays (BARC.L) and NatWest (NWG.L) — it is now the turn of Europe’s largest lender HSBC.
This week, the bank’s new CEO Georges Elhedery, unveiled an overhaul of the bank’s structure, dividing it into four businesses.
Shares in Intel had slid nearly 55% year-to-date, with the company facing a series of struggles this year.
In the second quarter, Intel posted second-quarter revenues of $12.8bn, down 1% year-on-year.