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.)
Investors Europe provides a wide selection of online trading platforms. Our execution-only multi-asset broker status allows our clients to place orders straight to the market in all asset classes, thus eliminating any conflict of interest. The platforms are highly customizable for desktop, web, and mobile devices, integrating major platforms such as Bloomberg EMSX, Fidessa, CQG, and many more. Contact us today to find out which options we can offer to you at +230 54490369 or email@example.com.