What will drive the markets this week?
Stocks tumbled last Friday with the major indices in the US booking their worst month since October, caused by severe volatility triggered by sales on some highly-shorted companies including video game retailer GameStop, movie theatre chain AMC Entertainment, software maker Blackberry, and headphone maker Koss (KOSS).
This week, as investors continue to digest last week’s events which have raised broader concerns about the recent market bubble, they will analyze quarterly earnings from BigTech companies including Amazon, Alphabet, and Alibaba, and a range of economic reports from the UK, Europe, and the US. Read more on these and other insights on what will drive the stock market this week.
Events that will drive the market this week
Monday, February 1:
- Markets Closed in Mexico for Constitution Day.
- German Retail Sales (December).
- Germany Manufacturing PMI (January).
- French Manufacturing PMI (January).
- Italian Manufacturing PMI (January).
- U.K. Manufacturing PMI (January).
- Eurozone Manufacturing PMI (January).
- Eurozone Unemployment Rate (December).
- U.S. Institute for Supply Management Manufacturing (ISM) PMI (January).
Tuesday, February 2:
- Earnings: Pfizer, Alphabet, ExxonMobil, Amazon & Alibaba.
- Eurozone Preliminary Gross Domestic Product (GDP) (Q4).
- Brazilian Industrial Production (December).
- Japanese Services PMI (January).
- Chinese Caixin Services PMI (January).
Wednesday, February 3:
- European Central Bank (ECB) Monetary Policy Statement.
- U.K. Services and Composite PMIs (January).
- German Services PMI (January).
- French Services PMI (January).
- Italian Services PMI (January).
- Eurozone Market Composite PMI (January).
- U.S. ISM Non-Manufacturing PMI (January).
Thursday, February 4:
- Earnings: Ford and Snap.
- U.K. Construction PMI (January).
- Bank of England QE and Interest Rates Announcement.
- U.S. Factory Orders (December).
- Japanese Household Spending (December).
Friday, February 5:
- Reserve Bank of India Interest Rate Decision.
- German Factory Orders (December).
- U.S. Nonfarm Payrolls (January).
- U.S. Workforce Participation Rate (January).
- U.S. Unemployment Rate (January).
- U.S. Trade Balance (December).
- Canadian Trade Balance (December).
- Canadian Employment Change and Unemployment Rate (January).
- Canadian Ivey PMI (January.)
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