Company / Analytics

Analytics, 01 November 2021

What will drive the markets this week?

US stocks closed October at new record highs after booking weekly and monthly gains, boosted by strong earnings reports, though economic data painted a more mixed picture on economic recovery, where jobless claims fell but headline inflation hit a fresh 30-year high.

The earnings season continues this week with companies from diverse sectors including energy and healthcare sectors reporting. Notable names include Marathon Oil, ConocoPhillips, and Diamondback (Energy); Ride-hailing companies Lyft & Uber; Pfizer and Moderna (healthcare).

Investors are anxiously expecting tighter Federal Reserve monetary policy as debt yield curves flatten across the globe. Many expect the Fed will announce a plan this week at the two-day Federal Open Market Committee (FOMC) meeting that begins on Tuesday – for tapering its $120 billion in monthly bond purchases. Markets will also digest economic data from across the world.

Monday, November 1:

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Friday November 5:

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