Company / Analytics

Analytics, 11 September 2023

What will drive the markets this week?

The previous week saw Wall Street’s main stock indices closing with minimal gains, with Apple’s stock showing a modest increase of just 0.3%. Apple had faced declines in the preceding two trading sessions following reports of China imposing restrictions on the use of iPhones by government employees. The Dow Jones Industrial Average (.DJI) made a slight advance of 75.86 points, equivalent to a 0.22% rise, closing at 34,576.59. Meanwhile, the S&P 500 (.SPX) experienced a modest uptick of 6.35 points, or 0.14%, ending the week at 4,457.49. The Nasdaq Composite (.IXIC) recorded a marginal gain of 12.69 points, or 0.09%, concluding the week at 13,761.53.

In Europe, despite a rebound on Friday, stock markets posted weekly losses, reflecting increasing concerns about the economic outlook and the trajectory of U.S. interest rates. Attention is now focused on potential actions by central banks in the upcoming week.

Across Asia-Pacific markets on Friday, a negative sentiment prevailed, partially due to revised second-quarter gross domestic product figures in Japan. Hong Kong suspended trading for the entire day due to a storm warning.

This week, we are anticipating the release of the latest inflation data for August, along with retail sales figures from the previous month. Additionally, we will be closely monitoring announcements regarding interest rates from European Central Bank (ECB) authorities. The week will also include Apple’s annual autumn event, where they are expected to unveil their newest product offerings. Furthermore, there may be a looming deadline for auto labor negotiations that will require attention in the near future.

Events expected to move the markets this week

Monday, September 11

Tuesday, September 12

Wednesday, September 13

Thursday, September 14

Friday, September 15

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