Bank Earnings, Jobless Claims, PPI and Surging Oil – What’s Moving Markets By Investing.com – Investing.com

Bank Earnings, Jobless Claims, PPI and Surging Oil – What’s Moving Markets By Investing.com – Investing.com

By Geoffrey Smith 

Investing.com -- Earnings from four of the U.S.'s largest banks will show whether the weak lending trends reported by JPMorgan (NYSE:) are a sector-wide problem. Producer price inflation is expected to hit a new multi-year high (after hitting a 26-year high in China overnight). Oil prices are surging after a warning from the International Energy Agency, and the chip market is going to stay tight all through 2022, says one of the world's biggest makers of semiconductors. Here's what you need to know in financial markets on Thursday, 14th October.

1. Bank earnings in focus