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- Most important for the coming week: FOMC meeting minutes, trade war, PMI and the end of earnings season
Most important for the coming week: FOMC meeting minutes, trade war, PMI and the end of earnings season
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Loading...The Federal Reserve will publish the minutes of it’s October meeting and several Fed policymakers are scheduled to speak in what will be that last full week in U.S. markets before the upcoming Thanksgiving holiday.
Developments in Sino-U.S. trade talks will continue to remain a key directional driver and global PMI data will be closely watched for any fresh signs of fallout from the trade war. Meanwhile, a blast of retail earnings will signal the end of third quarter earnings season. Here's what you need to know to start your week.
On Wednesday the Fed is to publish the minutes from its October meeting, when it indicated that its easing plans were now on hold after three consecutive rate cuts. The U.S. central bank has described the rate cuts as an insurance policy against the drag from slowing global growth and geopolitical and trade uncertainty.
On Thursday, the European Central Bank will publish the minutes of its most recent meeting, the last under the leadership of Mario Draghi and newly minted ECB President Christine Lagarde will give a speech on Friday.
Investors will be looking ahead to flash PMI’s from Japan, the Eurozone and the U.S. on Friday, numbers widely regarded as a forward-looking indicator of economic health. October PMIs pointed to some stabilization, raising expectations that hefty central bank easing had helped the global economy to bottom out.
Home Depot, Kohl's, Urban Outfitters, Target, Macy’s and Gap are among the chains reporting this week as third quarter earnings season winds up. Based on results from 458 S&P 500 companies that have reported, earnings are down 0.4% from Q3 2018, Refinitiv data shows.
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