Analytics, 16 November 2020
What will drive the markets this week?
Stocks closed modestly higher on Friday, notching some fresh records amid optimism over the prospects of vaccines for Covid-19 which continue to spike in Europe and the US.
US markets seem to have stabilized without the uncertainty of the election hanging over them, and news of the approval of the Pfizer and BioNTech Covid-19 vaccine which has turned out more effective than expected is likely to drive trading this week.
This week investors will be looking at the upcoming Brexit deadline, the U.S. housing market, and earnings from several companies including computer chips producer Nvidia and big retailers Walmart, Home Depot, Lowe’s, and other companies. Read more on this and other insights on what will drive the market this week.
Sunday, November 15:
- Preliminary Japanese Gross Domestic Product (GDP) (Q3)
- Japanese Preliminary Industrial Production (September)
- Chinese Industrial Production (October)
Monday, November 16:
- Earnings: Palo Alto Networks; and Tyson Foods
- Market Holiday in India for Diwali and Market Holiday in Mexico for Revolution Day
- Indian Wholesale Price Index (WPI) (October)
Tuesday, November 17:
- Earnings: Retailers Walmart, Home Depot, and Kohls. Chinese electric vehicle maker Nio;
- U.S. Retail Sales (October)
- U.S. Industrial Production (October)
- Japanese Trade Balance (October)
Wednesday, November 18:
- Earnings: Retailers Target, Lowe’s, and TJX Companies, and chipmaker Nvidia
- U.K. CPI (October)
- Eurozone CPI (October)
- U.S. Building Permits (October)
- U.S. Housing Starts (October)
- Canadian CPI (October)
Thursday, November 19:
- Earnings: Macy’s, and cloud software provider Workday
- U.S. Philadelphia Fed Manufacturing Index (November)
- U.S. Existing Home Sales (October)
- Peoples’ Bank of China (PBoC) Loan Prime Rate Decision
- European Council Meeting (Which Is Seen As a Preliminary Brexit Trade Deal Deadline)
Friday, November 20:
- Earnings: Foot Locker and Nike
- U.K. Retail Sales (October)
- German Producer Price Index (PPI)
- Canadian Retail Sales (September)