Company / Analytics

Analytics, 22 November 2021

What will drive the markets this week?

Global stocks closed mixed last week as investors worried about a surge in Covid-19 cases in Europe and its impact on the global economic recovery.

Retail sales and earnings came in strong last week, raising concerns that consumers are spending despite rising prices, risking even higher inflation. Economic data this week will reveal whether high prices continued to weigh on consumers with the University of Michigan’s final reading of its Consumer Sentiment Index (MCSI) for November.

Retail and tech earnings continue this week with Best Buy, Dollar Tree, and Dick’s Sporting Goods, among retail companies reporting. Tech companies reporting include Zoom Video Communications, Medtronic, Autodesk, Dell Technologies, XPeng & HP.

In the US, markets will close on Thursday for the Thanksgiving holiday and early on Friday for Black Friday which starts the holiday shopping season. The holiday shopping season starts runs from Black Friday through the end of December and typically accounts for just under a fifth of U.S. total annual retail sales.

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