Company / Analytics

Analytics, 15 August 2022

What will drive the markets this week?

Last week was yet another week of gains on Wall Street, as major indices rose on Friday to end the week in weekly gains, and a fourth straight week of gains. The Dow gained close to 3% for the week; while the Nasdaq and S&P 500 rose over 3%. European equities also rose on Friday to end the week in weekly gains, as the European healthcare sector gained 0.2%, with the STOXX 600 index rising 0.2%, up for a third straight day.

This week will perhaps be focused on earnings reports from major retailers as results from Walmart and Home Depot coming in on Tuesday. Other retailers including Lowe’s, Target, and TJX Companies will report on Wednesday, followed by Ross Stores and Kohl’s on Thursday.

In terms of reports from policymakers, the U.S. Census Bureau will release July retail sales figures on Wednesday. This report provides updates on consumer spending. Investors will also expect the latest updates on the U.S. housing market next week, with July building permits and housing starts available on Tuesday, and existing home sales on Thursday. On Wednesday, the Federal Reserve will release meeting minutes from its latest policy meeting held in July, which could offer additional insights into policymakers’ decisions.

Monday, August 15

Tuesday, August 16

Wednesday, August 17

Thursday, August 18

Friday, August 19

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