Dollar Dips, Netflix, JNJ Earnings, Powell’s Trades – What’s Moving Markets By Investing.com – Investing.com

Dollar Dips, Netflix, JNJ Earnings, Powell’s Trades – What’s Moving Markets By Investing.com – Investing.com

By Geoffrey Smith 

Investing.com -- The dollar weakens as poor U.S. industrial production data cast fresh doubt on the strength of the U.S. economic recovery. Allegations of insider trading at the Federal Reserve reach the very top. Stocks are set to open higher as earnings season cranks up: results are due from Johnson & Johnson (NYSE:), Procter & Gamble (NYSE:) and, after the bell, Netflix (NASDAQ:). Europe's energy crisis eases as the wind starts to blow and some mild weather forecasts cap demand, but the oil market is still as tight as a drum as OPEC struggles to raise output. Here's what you need to know in financial markets on Tuesday, 19th October.

1. Dollar weakens as output data dent inflation narrative