Company / Analytics

Analytics, 02 November 2020

What will drive the markets this week?

Last week, major technology stocks led the broad market lower as Apple, Amazon, Twitter, and Facebook all saw their shares drop after quarterly results.

Market volatility will continue this week as investors worry about the U.S presidential election and the uncertainty surrounding it, rising Covid-19 infections, and further government stimulus.

In addition to Tuesday’s presidential election, voters in California will be voting on #CaliforniaProposition22, which will determine whether app-based transportation (rideshare) and delivery drivers should be defined as independent contractors or employees. Proposition 22 has a substantial investment impact on app-based companies such as Uber, Lyft & Doordash (promoters of the Bill), as it will determine whether they keep their present business models or overhaul them entirely, in California at least.

Investors will also be looking at U.S. unemployment and non-farm payrolls, and Q3 earnings from more than 100 of the S&P 500 companies, including Marathon Petroleum, Mondelez International, and PayPal Holdings, Emerson Electric, Ferrari, and Gartner, Expedia Group, Hilton Worldwide Holdings, and Qualcomm. Meanwhile, Alibaba controlled AntGroup’s highly anticipated IPO lists in Hong Kong this Thursday.

Read more on this and other insights on what will drive the market this week.

Monday, November 2:

Tuesday, November 3:

Wednesday, November 4:

Thursday, November 5:

Friday, November 6:

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 to find out which options we can offer to you at +230 54490369 or

Choose one or several trading platforms and achieve your goals with Investors Europe

Investors Europe (Mauritius) Limited is authorised and regulated by the FSC Mauritius, license C112011088. Registered address: 4th Floor, Les Jamalacs Building, Vieux Conseil Street, Port-Louis 11328, Republic of Mauritius. Registered Number: 113933.

Any information contained on this website is provided to you for informational purposes only and should not be regarded as an offer or solicitation of an offer to buy or sell any investments or related services that may be referenced here. Investing in certain instruments, including stocks, options, futures, foreign currencies, and bonds involve a high level of risk. Trading on margin comes with substantial risk as well. You must be aware of these risks before opening an account to trade. The income you may get from online investing may go down as well as up.