What will drive the markets this week?
U.S. stocks closed lower last week in reaction to President Trumps Covid-19 diagnosis, a weaker-than-expected September jobs report, November election, a worsening pandemic, and hopes of additional stimulus from Washington.
This week, markets will be looking at the Fed and ECB minutes, Eurozone retail sales reports, and the next Energy Information Administration (EIA) Short-Term Energy Outlook. Developments surrounding President Trump’s Covid-19 diagnosis will also affect the market. Here’s a look at other events that will drive the market this week.
Sunday, October 4:
- Japanese Services Purchasing Managers’ Index (PMI) (Sept.)
Monday, October 5:
- Cisco Systems and Nvidia hold analyst meetings;
- German Services PMI (Sept.)
- French Services PMI (Sept.)
- Eurozone Services and Composite PMI (Sept.)
- Eurozone Retail Sales (Aug.)
- U.K. Services and Composite PMI (Sept.)
- U.S. Markit Composite PMI and ISM Non-Manufacturing PMI (Sept.)
- Market Holiday in China for National Day
Tuesday, October 6:
- Earnings: Levi Strauss and Paychex on Tuesday
- German Factory Orders (August)
- U.K. Construction PMI (Sept.)
- U.S. Energy Information Administration Short-Term Energy Outlook
- U.S. Trade Balance (August)
- U.S. JOLTs Job Openings (August)
- Market Holiday in China for National Day
Wednesday, October 7:
- Market Holiday in China for National Day
- U.S. Vice Presidential Debate
- German Industrial Production (August)
- Canadian Ivey PMI (Sept.)
- U.S. Federal Open Markets Committee (FOMC) Meeting Minutes
Thursday, October 8:
- Earnings: Domino’s Pizza reports on Thursday.
- German Trade Balance (August)
- European Central Bank (ECB) Monetary Policy Meeting Account Released
- Brazilian Retail Sales (August)
- Chinese Caixin Services PMI (September)
Friday, October 9:
- Earnings: Duke Energy
- U.K. GDP Estimate (August)
- U.K. Manufacturing Production (August)
- U.K. Trade Balance (August)
- Canada Employment Change (Sept.)
- Markets Closed in South Korea for Hangul Day
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