"A correction is likely, but not a change of trend," Andrea Cuturi, chief investment officer at Anthilia Capital in Milan, said. "However we believe that in the next two months the chances of a correction are quite high. We're entering a period of the year when investors tend to protect their gains more and there are plenty of potential catalysts to trigger profit-taking. "To date, earnings have delivered a modest beat, but sales have seen a small miss," Morgan Stanley analysts led by Matthew Garman wrote in a note. "Price reaction to results has been weak for both beats and misses."

Source: Egypt Today October 25, 2017 18:00 UTC