Analytics, 21 September 2020
What will drive the markets this week?
Stocks finished lower last week with major US indices notching third straight weekly losses, dragged by shares of tech companies while investors searched for new catalysts to give direction to global markets even as they digested outcomes of central bank meetings in the US and UK.
This week, the market will see several earnings reports including from Nike, Autozone, General Mills, Oracle-Walmart continue their bid for TikTok, and the U.S. home sales for August report will be released. The People’s Bank of China will announce its benchmark interest rate (20 Sept.).
Monday market opening has already seen an early dive by major indices, following revelations of a possible $2 trillion banking scandal.
Monday, 21 September.
- Oracle-Walmart bid for TikTok: It’s a deal or no deal. Oracle and Walmart arriving at a deal with the White House will likely boost the market. But uncertainty remains.
- China-based owner ByteDance, which owns TikTok maintains that global operations of the video-sharing social media site would remain a company subsidiary under a deal provisionally approved by the Trump Administration over the weekend.
Tuesday, 22 September.
- Nike, Autozone, KB Home earnings
- Market Holiday in Japan for Autumn Equinox
- U.S. Existing Home Sales (August)
- Fed. Chair Jerome Powell Testifies Before the U.S. House of Representatives Committee on Financial Services About Fed Response To The Pandemic
- Central Bank of Brazil Releases Minutes of Its Monetary Policy Committee Meeting.
Wednesday, 23 September.
- General Mills earnings
- German Preliminary Manufacturing Purchasing Manager’s Index (PMI) (Sept.)
- U.K. Preliminary Manufacturing PMI (Sept.)
- U.K. Preliminary Services PMI (Sept.)
- U.S. Preliminary Manufacturing PMI (Sept.)
- U.S. Preliminary Services PMI (Sept.)
- Bank of Japan Monetary Policy Meeting Minutes
Thursday, 24 September.
- Accenture, Jabil, Carmax, Darden Restaurants, Costco earnings
- German Ifo Business Climate Index (Sept.)
- U.S. New Home Sales (August)
Friday, 25 September.
- U.S New durable goods orders