Company / Analytics

Analytics, 07 November 2022

What will drive the markets this week?

Global stocks ended mostly higher on Friday last week following a week of highly volatile trading. On Wall Street, equities snapped out of a four-session losing streak that ensured all three major US indices ended in weekly losses.

In Europe and Asia, hopes of an easing in China’s tough COVID-19 curbs supported some areas of the market with the Pan-European index and most Asian indices with the exception of Japanese indices closing higher on Friday.

This week, With roughly 80% of S&P 500 companies having reported their earnings so far, investors can expect a more subdued pace of earnings releases in the week. Some large companies scheduled to report include The Walt Disney Company, AstraZeneca, BioNTech, Activision Blizzard, DuPont, and Norwegian Cruise Line, among others. The October CPI inflation report on Thursday could offer clues on the recent trajectory of consumer prices and how it could impact the Federal Reserve’s monetary policy agenda. On Friday, the University of Michigan will release its preliminary Consumer Sentiment Index (MCSI) for November, providing a key update on consumer confidence. Market watchers can also expect economic updates from the U.K., as the Office for National Statistics will release preliminary GDP figures for the third quarter.

Events expected to influence financial markets in the week

Monday, November 7

Tuesday, November 8

Wednesday, November 9

Thursday, November 10

Friday, November 11

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