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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

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:

25th of November

 

Friday, 22nd of November 2024

This week, markets are closely monitoring the New Zealand interest rate decision, with expectations of a 50 basis-point cut following a drop in inflation from 3.3% in Q2 to 2.2% in Q3. However, the Reserve Bank of New Zealand may opt for a more aggressive 75 basis-point cut to address the country’s economic contraction of (-0.2%) in Q2.

In addition, attention turns to the US Personal Consumption Expenditures (PCE) data for October, projected to increase from 2.1% in September to 2.2%, with the core index (excluding energy and food) expected to rise from 2.7% to 2.8%. If the data exceeds expectations, it could complicate the Federal Reserve’s ability to reduce interest rates at its December meeting.

The pivotal factor will be the US jobs report released ahead of the Fed meeting. Should the data underperform and indicate clear economic weakness, a 25-basis-point rate cut in December becomes more likely. Conversely, if November’s labor market data shows that October’s sharp decline was primarily due to temporary factors like strikes and adverse weather, the Fed may pause rate cuts, deferring any adjustments to next year.

Economic Data Highlights (UAE time)

 

Monday, 25th of November

  • CHF- Employment Level (Q3)

Tuesday, 26th of November

  • NZD- Retail Sales (Q3)
  • USD- Consumer confidence (Nov)
  • USD- New Home sales (Oct)

Wednesday, 27th of November

  • RBNZ Rate Decision
  • USD- Durable Goods Orders (Oct)
  • USD- Gross Domestic Product – Q3
  • USD- Personal Consumption Expenditure (Oct)
  • US Crude Oil Inventories

Thursday, 28th of November

  • US Thanksgiving Holiday
  • EUR- Inflation Rates (Germany- Nov)

Friday, 29th of November

  • JPY- Industrial Production (Oct)
  • EUR- Retail Sales (German – Oct)
  • CHF- Gross Domestic Product (Nov)
  • EUR- Inflation Rates (Nov)
  • CAD- Gross Domestic Product (Sep)

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