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Analytics, 17 October 2022

What will drive the markets this week?

Last week was one of the more volatile trading weeks in recent months. On Friday, US stocks fell while stocks in Europe and Asia ended higher. Stocks on Wall Street gave away morning trading gains to end the day lower following a consumer survey from the University of Michigan showing inflation expectations were increasing.

In Europe, stocks ended the day higher, having lost some gains from earlier trading following the U.K. government’s U-turning on some of its controversial fiscal policies and the country’s finance minister, Kwasi Kwarteng fired.

This week, the Biden administration plans to take new steps to lower gasoline prices and is reportedly considering releasing more oil from the Strategic Petroleum Reserve and imposing limits on exports of energy products.

Corporate earnings season enters one of its busiest weeks starting on Monday, with a more big bank and financial earnings due from Bank of America, Charles Schwab, Goldman Sachs, and Barclays. Other companies due to report results will include Johnson & Johnson, Lockheed Martin, IBM, Netflix, United Airlines, American Airlines, Procter & Gamble, and Tesla. The latest updates on the U.S. housing market, including September housing starts, building permits, and existing home sales will become available. Investors can also expect vital inflation reading from the U.K.

Monday, October 17

Tuesday, October 18

Wednesday, October 19

Thursday, October 20

Friday, October 21

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