Skip to main content

U.S Market | Market This Week: What to Expect in the Markets This Week

By Caleb Silver

U.S. stocks are within striking distance of all-time highs as 24% of the companies in the S&P 500 get ready to report earnings over the next five days. Markets and the pound moved higher last week after U.K. Prime Minister Boris Johnson proved his critics wrong and returned home with a new deal. However, the euphoria was short lived, and with Britain set to leave the European Union in 10 days, uncertainty reigns.
Here are some important events happening around the world this week:
Canada National Elections
Japan All Industry Index
Germany Producer Price Index
Existing home sales U.S.(September)
Philly Fed Non-Manufacturing Survey (U.S.)
EU Consumer Confidence
Energy Information Agency Petroleum Status Report
Mark Zuckerberg Libra House Hearing
Durable goods orders announced U.S. (September)
New Home Sales Announced U.S. (September)
European Central Bank Rate Announcement (A final cut by Draghi?)
Consumer sentiment Index U.S. (October)
France Producer Price Index
Baker-Hughes Rig Count (Oil rigs in the Gulf of Mexico)

Ciao, Mario!

This week's European Central Bank policy meeting will be the last for President Mario Draghi. Draghi is going to be replaced by Managing Director of the International Monetary Fund, Christine Lagarde. Draghi leaves with mixed reviews.
His aggressive policies, including negative interest rates, helped end the Eurozone debt crisis, which early in the decade seemed like it would destroy the currency. However, a significant faction of ECB policy makers are unsure of the ECB’s continued stimulus and whether negative rates will cause inflation or growth in the European Union, which is faltering.

Brexit Final Push

Speaking of Europe, we may finally get a final decision on the shape and timing of Brexit this week. While Prime Minister Boris Johnson hoped the new deal he negotiated with the EU would get through Parliament on Saturday, MPs passed the Letwin amendment instead. The amendment says Parliament will withhold its approval of a deal until legislation to implement it, the Withdrawal Agreement Bill, has been passed. Johnson was forced by law to request the EU for an extension to the Oct. 31 Brexit deadline until Jan. 31, 2020. Since it was against his wishes, he did not sign the letter and sent a second letter saying the delay would be a mistake, prompting the Labour Party to label him "a spoilt brat."
This week, he will push for a meaningful vote on his deal and introduce the Withdrawal Agreement Bill in Parliament. It will be up to Speaker John Bercow to decide if the vote will be held. If his deal gets majority approval and the legislation to implement it is passed, the extension request will be withdrawn and Britain will leave the EU by the end of the month. This will also be the case if the EU rejects the extension request. MPs hoping to keep Britain in the bloc's customs union are reportedly planning to introduce amendments to the deal.

Earnings Season in Full Force

Earnings season continues apace with giants like Microsoft Corp. (MSFT), Inc. (AMZN), Tesla Inc. (TSLA) and Visa Inc. (V) announcing this week. We’ll get to see if Amazon can recover from its earnings miss last quarter, if Tesla delivered enough vehicles and if consumer spending continues to buoy Visa.

Compete Risk Free with $100,000 in Virtual Cash

Put your trading skills to the test with our FREE Stock Simulator. Compete with thousands of Investopedia traders and trade your way to the top! Submit trades in a virtual environment before you start risking your own money. Practice trading strategies so that when you're ready to enter the real market, you've had the practice you need. Try our Stock Simulator today >>


Popular posts from this blog

Analysis | The Cybersecurity 202: How the shutdown could make it harder for the government to retain cybersecurity talent

By Joseph Marks 13-17 minutes THE KEY President Trump delivers an address about border security amid a partial government shutdown on Jan. 8. (Carolyn Kaster/AP) The partial government shutdown that's now in its 18th day is putting key cyber policy priorities on hold and leaving vital operations to a bare bones staff. But the far greater long-term danger may be the blow to government cyber defenders' morale, former officials warn. With the prospect of better pay and greater job security in the private sector, more government cyber operators are likely to decamp to industry, those former officials tell me, and the smartest cybersecurity graduates will look to industry rather than government to hone their skills. That’s especially dangerous, they say, considering the government’s struggle to recruit and retain skilled workers amid a nationwide shortage of cybersecurity talent. About 20 percent of staffers are furloughed at the De

Democrats call for investigation into Trump’s iPhone use after a report that China is listening:Analysis | The Daily 202 I The Washington Post. By James Hohmann _________________________________________________________________________________ President Trump and Chinese President Xi Jinping visit the Great Hall of the People in Beijing last November. (Andrew Harnik/AP) With Breanne Deppisch and Joanie Greve THE BIG IDEA: If Democrats win the House in two weeks, it’s a safe bet that one of the oversight hearings they schedule for early next year would focus on President Trump’s use of unsecured cellphones. The matter would not likely be pursued with anywhere near the gusto that congressional Republicans investigated Hillary Clinton’s use of a private email server during her time as secretary of state. Leaders of the minority party have higher priorities . But Democratic lawmakers made clear Thursday morning that they will not ignore a New York Times report that Trump has refused to stop using iPhones in the White House, despite repeated warnings from U.S. intelligence offici

RTTNews: Morning Market Briefing.-Weekly Jobless Claims Edge Down To 444,000. May 13th 2010

Morning Market Briefing Thu May 13 09:01 2010   Commentary May 13, 2010 Stocks Poised For Lackluster Open Amid Mixed Market Sentiment - U.S. Commentary Stocks are on pace for a mixed start to Thursday's session, as a mostly upbeat jobs report continued to relieve the markets while some consternation regarding the European debt crisis remained on traders' minds. The major index futures are little changed, with the Dow futures down by 4 points. Full Article Economic News May 13, 2010 Weekly Jobless Claims Edge Down To 444,000 First-time claims for unemployment benefits showed another modest decrease in the week ended May 8th, according to a report released by the Labor Department on Thursday, although the number of claims exceeded estimates due to an upward revision to the previous week's data. Full Article May 13, 2010 Malaysia's Decade High Growth Triggers Policy Tightening Malaysia's economy grew at the fastest pace in a decade in