Snapshot - Strategy & economics

Ahmet Feridun: Monday markets - the week ahead

Markets are looking out for a raft of global economic data due this week, as well as digesting political events such as the weekend's Spanish election results and upcoming US impeachment hearings.

11/11/2019

Ahmet Feridun

Ahmet Feridun

Manager of Investment Research

  • Last week's news of a potential tariff agreement between the US and China caused equities to rally. The US dollar strengthened and gold fell.
  • This week brings a wide range of data including US and eurozone inflation figures.
  • In the eurozone the focus will be on GDP data and whether the UK and Germany have avoided a technical recession (two consecutive quarters of negative growth). Japanese third quarter GDP data is also due.
  • Investors will continue to take the temperature from corporate announcements including those from Walmart, Cisco, Burberry and Vodafone.
  • In political news the Spanish general election results, which failed to break the political impasse in the country, will be digested by the markets. The US House Intelligence Committee will hold its first public impeachment hearings on Wednesday. Headlines in the UK will continue to be dominated by the upcoming election in December, with the Conservatives continuing to lead the polls.
  • Alibaba Group holds “Singles Day” today – the world’s biggest shopping event. Last year there were more than $30 billion in sales over 24 hours, and this year Alibaba expects 500 million users to participate.

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