Rhetoric rather than economics could be the main driver of sentiment in the week ahead, as investors watch further developments in the ongoing trade dispute between the United States and China.
Washington and Beijing have been engaged in a trade spat for the most part of the year, with both countries slapping tariffs on several of each other's imports.
The tariffs have raised concern in the market about a potential slowdown in global economic growth.
Besides trade rhetoric, the U.S. will see a relatively quiet week in terms of economic releases as the market winds down for the Thanksgiving holiday, with reports on the housing sector and durable goods orders expected to draw the most attention.
On Wall Street, there are a number of big-name retailers such as Target , Best Buy and Lowe's, reporting results in the week ahead, as the third-quarter earnings season winds down.
Markets stateside will remain closed on Thursday for the Thanksgiving holiday and Friday will be a half-session day on Wall Street.
The holiday-shortened week ahead also brings Black Friday, the traditional start of the U.S. holiday season, but analysts say it has lost its importance with online shopping wreaking havoc on traditional retail.
Meantime, in Europe, traders will focus on flash survey data on euro zone business activity for November, which should give some indication of how the region's economy is coping with global trade conflicts.
Political headlines will also be in focus as investors watch developments surrounding Brexit and Italy's ongoing budget crisis.
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