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Trends & Analysis
News

US dollar gains on inflation data for November

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Oracle’s shares shorted after earnings miss

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Crude oil surges after China’s policy stance

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S&P 500 & Nasdaq jump to record highs on NFP data

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Week Ahead Preview: 9th December

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Hewlett Packard Enterprise posts strong Q4 results

Trends & Analysis
News

US dollar gains on inflation data for November

News

Oracle’s shares shorted after earnings miss

News

Crude oil surges after China’s policy stance

News

S&P 500 & Nasdaq jump to record highs on NFP data

News

Week Ahead Preview: 9th December

News

Hewlett Packard Enterprise posts strong Q4 results

Weekly Market Preview

Week Ahead Preview:

18th of November

 

Monday, 18th of November 2024

This week, markets are focused on key economic data and speeches from leading central bank officials. The spotlight is on the final European inflation figures, with the YoY core inflation (excluding energy and food) expected to remain steady at 2.7% in October, unchanged from September. Meanwhile, YoY inflation headline is projected to rise from 1.7% to 2.0%. The significant fall in the YoY inflation headline in Europe has prompted the European Central Bank cut interest rates and led markets to price in additional 25-basis-point cuts at each meeting through the end of Q1 next year.

Investors will also be paying attention to speeches from the central bank governors of Australia, the Bank of England, and the ECB, seeking insights into their monetary policy outlooks. This comes as inflation in some of these economies has fallen below 2%, largely driven by declining global energy prices. However, core inflation remains well above the 2% target, which could lead these banks to adopt a more cautious approach to rate cuts in the coming year.

Economic Data Highlights (UAE time)

 

Monday, 18th of November

  • ECB president Lagarde’s speech

Tuesday, 19th of November

  • RBA Monetary policy minutes
  • Bank of England governor Speech
  • EUR- Inflation rates (Oct)
  • CAD- Inflation rates (Oct)
  • USD- Housing starts (Oct)

Wednesday, 20th of November

  • People Bank of China rate decision
  • GBP- Inflation rates (Oct)
  • ECB president Lagarde’s speech
  • US Oil inventories

Thursday, 21th of November

  • RBA governor Speech
  • USD- Existing home sales (Oct)

Friday, 22th of November

  • JPY- Inflation rates (Oct)
  • GBP- Retail Sales (Oct)
  • EUR- Manufacturing and Services PMI (Nov- Flash)
  • GBP- Manufacturing and Services PMI (Nov- Flash)
  • USD- Manufacturing and Services PMI (Nov- Flash)
  • CAD- Retail Sales (Sep)
  • Michigan Consumer sentiment (Nov)

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