Market Insights
Market Insights - Week 48
Anupam Kumar
The much-awaited end of the Federal Reserve’s tightening cycle and weakening US dollar could prove to be a tailwind for equity returns across the global market. Favorable earnings report, primarily from the technology and retail sectors, and softening inflation number helped the major stock benchmarks to produce gains over the holiday-shortened week. In the last Federal Reserve policy meeting, many officials were in favor of slowing the pace of interest-rate hike, as per the minutes released on last Wednesday.
Let us highlight some of the major movements of the last week:
No major reports are scheduled for the first two days of the week. However, on Wednesday, the second estimate of third quarter GDP data is expected from U.S. Bureau of Economic Analysis and on Friday, Jobs and unemployment numbers from United States Bureau of Labor Statistics should be announced. Hopefully, the commentary from Federal Reserve’s officials, inflation numbers and other economic indicators boost investors sentiment and could prove to be favorable for the market growth and for a better year end closing.
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Anupam Kumar
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