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Analytics, 27 June 2022

What will drive the markets this week?

Last week saw the US equity market rally on Friday to end in weekly gains. Investors expected that the Federal Reserve may reduce the scale of its interest rate hikes in the upcoming FOMC meetings.

However, in Energy, crude oil prices fell for the week. High gas prices and a worsening economic outlook raised the possibility of a slowdown in demand in the US.

This week, further updates to the housing market are expected with the release of May pending home sales, along with the latest update to the S&P Case-Shiller Home Price Index, tracking price increases in April. The final estimate for first-quarter U.S. GDP growth will be released on Wednesday; the reading is expected to be unchanged from the prior estimate of a 1.5% contraction.

In Europe, Updates to eurozone unemployment and inflation are expected on Thursday and Friday, respectively.

Here are more events that are likely to influence market movements this week

Monday, June 27

Tuesday, June 28

Wednesday, June 29

Thursday, June 30

Friday, July 1

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