Mumbai, Nov 11 (IANS): Macro-economic indicators such as inflation, factory output as well as global crude oil prices will dictate the stock market trend next week, analysts said.

Xencor Inc (NASDAQ:XNCR) – Investment analysts at Wedbush upped their FY2018 earnings per share (EPS) estimates for shares of Xencor in a report issued on Tuesday, November 6th. Wedbush analyst D. Nierengarten now expects that the biopharmaceutical company will post earnings of ($1.48) per share for the year, up from their prior estimate of ($2.09). Wedbush currently has a “Outperform” rating and a $42.00 target price on the stock. Wedbush also issued estimates for Xencor’s Q4 2018 earnings at ($0.50) EPS, Q1 2019 earnings at ($0.41) EPS, Q2 2019 earnings at ($0.41) EPS, Q3 2019 earnings at ($0.42) EPS, Q4 2019 earnings at ($0.42) EPS, FY2019 earnings at ($1.67) EPS, FY2020 earnings at ($1.11) EPS, FY2021 earnings at ($1.63) EPS and FY2022 earnings at $0.64 EPS.

The S&P 500 Index (SPX) jumped more than 2% after midterm elections delivered expected results in the House of Representatives (Democrats gained the majority) but success for Republicans elsewhere including victories in several close races for governor and Senator.

David Cumming, who joined Aviva Investors in January, believes foreign investors will pile back into UK stocks once a Brexit deal has been secured

Emerging markets have underperformed significantly since the start of the year, despite an economic backdrop that is supportive of emerging market equities. According to to Overberg Asset Management, this seems unreasonable.

Reliance Industries, Asian Paints among top gainers

CJ CGV has missed third-quarter earnings expectations, said Korea Investment and Securities on Nov. 9 lowering the target price to 55,000 won (US$69.31) from 78,000 won while maintaining a “buy” recommendation.

The US mid-terms have passed, and while there were signs throughout yesterday’s trade that the vote would throw up a few curly situations, the outcome fell broadly in line with market expectations.

Kakao’s advertisement sector is looking up, said Kiwoom Securities on Nov. 9 raising the target price to 130,000 won (US$115.94) from 125,000 won.

Canada’s main stock index opened higher on Wednesday, driven by gains in energy and technology shares.