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Analytics, 23 November 2020

What will drive the markets this week?

US stocks closed lower on Friday as rising coronavirus cases and an apparent rift between the Treasury Department and the Federal Reserve on the expiration of some of the Feds fiscal emergency programs cast doubt on a swift economic recovery, despite progress in vaccine development.

In addition to rising coronavirus infections and vaccine development news, this week markets will react to preliminary Q3 US, German and French GDP, U.S. consumer confidence and sentiment, and various economic data from Europe.

Wall Street will see a shortened week with the market closed on Thursday and open for a half-day of trading Friday due to the Thanksgiving holiday. Read more on this and other insights on what will drive the market this week.

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