Company / Analytics

Analytics, 16 August 2021

What will drive the markets this week?

Global stocks hit new highs last week as investors seized on US inflation, as investors digested a largely solid set of recent economic data and earnings results. But shares in Asia-Pacific retreated in Friday’s trade, with South Korea’s Kospi leading losses among major markets.

August and September are historically the weakest months of the year for stocks. But the returns in August have so far countered that narrative and investors may be wondering if the trend will continue.

Though winding down, the earnings season continues this week with reports expected from major US retailers (Walmart, Target, Home Depot, Lowe’s, Kohl’s, and Macy’s). Semiconductor makers Nvidia and Applied Materials (AMAT) also report. Retail earnings will provide a clear outlook on consumer confidence and spending in the second quarter while reports from chipmakers will add to the debate chip woes.

Investors will also digest key economic reports including industrial production and manufacturing data for July, which will provide a better picture of the impact of supply chain disruptions around the world.

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