What will drive the markets this week?
This week investors will be looking at two household-name tech startups, Airbnb and DoorDash which are poised to go public this week, adding to 2020’s influx of IPOs; the looming government shutdown in the United States; and the ECB’s interest rates announcements in Europe.
The U.S. FDA will convene to discuss Pfizer’s COVID-19 vaccine, bringing the inoculation closer to authorization in the US.
A couple of earnings are also anticipated including from Stitch Fix, AutoZone, Asana, Adobe, Sumo Logic, GameStop, Oracle, and Costco.
Investors will also be watching the state of coronavirus #stimulus talks in Washington and analysts note that even a smaller deal would be good for the economy, but without one, investors may grow worried.
Read more on these and other insights on what will drive the stock market this week.
What will drive the markets this week?
Monday, December 7:
- Earnings: Stitch Fix, Smartsheet, Sumo Logic, Coupa Software
- US Consumer Credit (October)
- German Industrial Production (October)
- Canadian Ivey Purchasing Managers’ Index (PMI) (October)
- Japanese Household Spending (October)
- Japanese Gross Domestic Product (GDP) (Q3)
Tuesday, December 8:
- DoorDash expected to price IPO
- Earnings: AutoZone, GameStop, MongoDB, ChewyGerman ZEW Current Conditions and Sentiment Indexes (December)
- Eurozone Preliminary GDP (Q3)
- Brazilian Consumer Price Index (CPI) (November)
- Chinese CPI (November)
- US NFIB Small Business Optimism (November)
Wednesday, December 9:
- Earnings: Campbell Soup, Adobe, Asana, RH
- German Trade Balance (October)
- Brazilian Central Bank Interest Rate Decision
- U.S. Job Openings and Labor Turnover Survey (JOLTS) (October)
- Bank of Canada Interest Rate Decision
- Mexican CPI (November)
- China inflation
- European Commission expected to unveil new rules for digital companies
Thursday, December 10:
- Earnings: Costco, Lululemon, Adobe, Broadcom, Dave & Buster’s, Oracle, Costco
- Scheduled IPO of Airbnb
- U.K. Manufacturing Production (October)
- U.K. Monthly GDP Estimate (October)
- U.K. Trade Balance (October)
- Brazilian Retail Sales (October)
- European Central Bank (ECB) Policy Statement and Interest Rate Decision
- U.S. Core CPI (November)
- European Central Bank policy decision
- US initial unemployment claims
Friday, December 11:
- Deadline for U.S. Congress to pass a Funding Bill to Avert Government Shutdown
- German CPI (November)
- French CPI (November)
- Indian CPI (November)
- U.S. Preliminary Michigan Consumer Sentiment and Expectations (December)
- US Producer Price Index.
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