Company / Analytics

Analytics, 05 December 2022

What will drive the markets this week?

Global stocks were lower on Friday last week as data from the labor department showed better-than-expected payrolls and average hourly earnings. In the US, all the major indices recorded mixed trading with both the Nasdaq and the S&P 500 recording losses on the day. All Wall Street indices ended the week with gains.

In Europe, the Stoxx 600 recorded its seventh straight week of rises amid signs of China re-opening its economy and easing worries about interest-rate hikes. The index was lower for Friday’s trading session but the losses were not enough to offset gains in the week.

This week, Purchasing Managers’ Index (PMI) surveys from S&P Global and the Institute for Supply Management (ISM) will provide insights into U.S. manufacturing and service sector performance. On Friday, the Bureau of Labor Statistics (BLS) will release its Producer Price Index (PPI) reading for November, tracking inflation from the standpoint of goods-producing businesses and wholesalers. Also on Friday, the University of Michigan will release the preliminary December reading of its Consumer Sentiment Index (MCSI), providing a timely update on consumer confidence. Companies reporting earnings next week will include Costco, Broadcom, Oracle, AutoZone, Gamestop, and Lululemon Athletica, among others.

Events expected to influence financial markets in the week

Monday, December 5, 2022

Tuesday, December 6, 2022

Wednesday, December 7, 2022

Thursday, December 8, 2022

Friday, December 9, 2022

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