Company / Analytics

Analytics, 08 August 2022

What will drive the markets this week?

Last week ended with all US indices in the green for the week with the exception of the Dow. On Friday, movements in the US equity markets were relatively mixed, with the release of the July Jobs report coming in as better-than-expected. The Dow index lost 0.35% for the week, while the S&P 500, and the Nasdaq composite advanced 0.5% and 2.5% respectively.

This week, corporate earnings reports won’t be as pronounced as the last few weeks, with most S&P 500 companies having already reported. Companies that will report in the week include AIG, BioNTech, Sysco, Wynn Resorts, Norwegian Cruise Line, Disney, and Fox Corporation, among a few others.

The latest Consumer Price Index (CPI) which is expected to provide an important update on the rate of consumer inflation, and The Producer Price Index (PPI), are expected to be announced on Wednesday and Thursday respectively.

Later on Friday, the Michigan Consumer Sentiment Index (MCSI)’s preliminary reading for August is expected. It is an important measure of consumer confidence, along with the release of second-quarter GDP figures out of the U.K.

Events expected to move markets in the week

Monday, August 8

Tuesday, August 9

Wednesday, August 10

Thursday, August 11

Friday, August 12

Choose one or several trading platforms and achieve your goals with Investors Europe

Investors Europe (Mauritius) Limited is authorised and regulated by the FSC Mauritius, license C112011088. Registered address: 3rd Floor Ebene House, Hotel Avenue,33 Cybercity, Ebene 72201, Republic of Mauritius. Registered Number: 113933.

Any information contained on this website is provided to you for informational purposes only and should not be regarded as an offer or solicitation of an offer to buy or sell any investments or related services that may be referenced here. Investing in certain instruments, including stocks, options, futures, foreign currencies, and bonds involve a high level of risk. Trading on margin comes with substantial risk as well. You must be aware of these risks before opening an account to trade. The income you may get from online investing may go down as well as up.