Company / Analytics

Analytics, 06 November 2022

Week 44 in brief

North America

Stocks on Wall Street ended higher on Friday after breaking a four-day losing streak. The gains were insufficient to offset losses from the first four days of the week as all the major US indices ended in weekly losses.

Friday’s volatile trade was a result of a mixed jobs report and comments from Federal Reserve officials on the pace of interest rate hikes. The labor market report showed an uptick in the unemployment rate in October, indicating some signs of slack may finally be starting to emerge in the job market and give the Fed room to downsize its rate hikes beginning in December. The data also showed the average hourly earnings rose slightly more than expected, as did job growth, pointing to a labor market that largely remains on a firm footing.

How did the major indices perform?

On Friday:

For the week:

What drove the U.S. market?

How did the European markets perform?

How did Asian markets perform?

Bonds and Commodities


Next week

With roughly 80% of S&P 500 companies having reported their earnings so far, investors can expect a more subdued pace of earnings releases next week. Some large companies scheduled to report include The Walt Disney Company, AstraZeneca, BioNTech, Activision Blizzard, DuPont, and Norwegian Cruise Line, among others.

The October CPI inflation report on Thursday could offer clues on the recent trajectory of consumer prices and how it could impact the Federal Reserve’s monetary policy agenda.

On Friday, the University of Michigan will release its preliminary Consumer Sentiment Index (MCSI) for November, providing a key update on consumer confidence. Market watchers can also expect economic updates from the U.K., as the Office for National Statistics will release preliminary GDP figures for the third quarter.

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