Company / Analytics

Analytics, 31 May 2021

What will drive the markets this week?

Major equities rallied to end the month of May on a positive note amid optimism over the recovery of the US and European economies. Industrial, energy, and recovery-related stocks have been leading the charge higher in the stock market, as governments focus their recovery efforts by investing in these sectors.

This week, investors will parse the May U.S. unemployment report, several key reports on global manufacturing, U.S. mortgage applications for May, and earnings from several companies including Zoom Video Communications.

Manufacturing has been the workhouse of this recovery and regional economies that are heavily dependent on it, like Canada and Germany, have seen their stock markets rise amid the economic upswing. Investors will digest key manufacturing reports out of the U.S, Europe, Great Britain, and Canada.

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