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Week Ahead

Nov 11, 2019
3 min read
Table of Contents

    Trade tick tock 

    The clock is ticking on getting a ‘phase one’ trade deal agreed in time for Christmas. This weekend coming was supposed to see the US and Chinese leaders meet in Chile and sign an agreement. Any meeting between the two has been pushed back to December, but there has been progress. Stay sharp for daily trade headlines. 

    Powell testimony 

    All eyes on the Fed again as chair Jerome Powell will discuss the economic outlook before the Joint Economic Committee of Congress on Wednesday. It comes after the Fed’s third rate cut this year and a signal that it is pausing the easing cycle. Also watch for the US CPI inflation readings the same day. 

    Walmart earnings 
     

    Shares in Walmart have been on a tear this year and there are more signs it’s actually pulling ahead of Amazon. A recent survey from First Insight showed a majority (55%) of US consumers said they prefer to shop at Walmart versus Amazon, up from about 47% a year earlier. The prior quarter earnings were very strong, beating on both top and bottom line. US sales rose for the 20th consecutive quarter. Q3 numbers are due at 11:00 GMT on Thursday. 

    UK data 

    A batch of UK data is crossing this week, providing traders with a clearer picture of the state of the economy as we enter the year-end. GDP and manufacturing numbers (Monday) are followed by unemployment and earnings figures (Tuesday), CPI inflation data (Wednesday), and retail sales (Thursday).  

    RBNZ 
     

    The Reserve Bank of New Zealand is expected to cut interest rates when it convenes on Wednesday. Analysts at ANZ say the central bank will cut the OCR to 0.75% from 1% and leave room for further cuts in the future. Westpac says the RBNZ will not cut rates, but the recent rise in unemployment from 3.9% to 4.2% may warrant additional stimulus. 

    Corporate diary 

    11 Nov William Hill – trading update 

    12 Nov Aggreko – trading update 

    12 Nov Deutsche Post-DHL – Q3 results 

    12 Nov – Enel – Q3 results 

    12 Nov – Infineon Technologies – FY results 

    12 Nov – Linde plc – Q3 results 

    12 Nov – Vodafone – H1 results 

    13 Nov – ABN Amro – Q3 results 

    13 Nov – British Land – H1 results 

    13 Nov – SSE – H1 results 

    13 Nov – TalkTalk – H1 results 

    14-Nov – Walmart – Q3 earnings 

    14 Nov – Bouygues – Q3 results 

    14 Nov – Burberry – H1 results 

    14 Nov – Merck KGaA – Q3 results 

    14 Nov – National Grid – H1 results 

    14 Nov – Premier Oil – trading update 

    15 Nov – Vivendi – Q3 results 


    Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients. 

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    • Palladium - Cash

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    • EUR/USD

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    • Cotton

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      1.35%
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      Apple

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    Table of Contents

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