Company / Analytics

Analytics, 08 March 2021

What will drive the markets this week?

Stocks rebounded on Friday as the rise in bond yields steadied, as investors continued to rotate out of big technology shares and into the cyclical sectors that tend to thrive in a recovering economy.

Energy was the best performing sector, helped by the surprising news that OPEC+, the coalition of oil producers, was continuing its production cuts for another month. Meanwhile, meme stocks had a mixed week, with GameStop returning 35.3% while previous favorites such as Koss (KOSS) and BlackBerry (BB) fell.

This week, investors will be looking at the US Job Openings and Labor Turnover Survey (JOLTS) results from January, which is released this upcoming Friday, and valuable to understanding the current labor market; the European Central Bank monetary policy announcements; and the UK’s trade balance and manufacturing production from January (the first month after its Brexit deal).

Events that will drive the market this week

Monday, March 8:

Tuesday, March 9:

Wednesday, March 10:

Thursday, March 11:

Friday, March 12:

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