Company / Analytics

Analytics, 24 October 2022

What will drive the markets this week?

Last week saw stocks in Europe and the US end in weekly gains after a mixed trading week.

Stocks on Wall Street closed higher on Friday to finish the week with gains, with all three major indices rising more than 2% for the day and booking their biggest weekly percentage gains since June. This was after signals in the week that the US federal reserve would consider less aggressive inflation-curbing tactics in their oncoming November meeting and beyond.

US yields eased on Friday with news of a potential slowdown on interest rate hikes by the Fed in December.

Next week could be the busiest of this corporate earnings season. Investors can expect results from some of the world’s largest multinational companies, including tech giants Microsoft and Apple.

The week will also bring a wide array of economic updates, including the advance estimate for third-quarter gross domestic product (GDP) growth. Further updates on the housing market are expected, including August home prices and September new and pending home sales.

Updates on consumer confidence will arrive with the Conference Board’s Consumer Confidence Index (CCI) on Tuesday, along with the University of Michigan’s Consumer Sentiment Index (MCSI) on Friday.

Events expected to influence financial markets in the week

Monday, October 24

Tuesday, October 25

Wednesday, October 26

Thursday, October 27

Friday, October 28

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