This week, the spotlight shifts to critical economic data, high-profile earnings reports, and geopolitical developments that could shape global markets. From US employment data to the OPEC meeting, investors and policymakers are bracing for pivotal announcements.
On the earnings front, Salesforce will release its Q3 results late Tuesday, with Marvell Technology set to follow. Hewlett Packard Enterprise will wrap up the week with its earnings report on Thursday. These reports will provide insights into the tech, finance, and other sectors as 2024 nears its end.
Economic data will also take center stage. Monday brings the November US manufacturing PMI, while job openings and factory orders data are due midweek. On Friday, all eyes will be on the November US employment report, a potential harbinger of Federal Reserve policy directions.
Geopolitically, the OPEC meeting on Thursday could roil energy markets as member nations weigh production cuts amid fluctuating oil demand. Meanwhile, the Middle East remains in focus. The tenuous ceasefire between Israel and Hezbollah continues, though tensions linger with ongoing strikes in Gaza. Syria's sudden rebel resurgence in Aleppo and Hama has also heightened regional uncertainty.
Finally, political watchers are monitoring Donald Trump as he shapes his administration-in-waiting. Key appointments and policy hints from the president-elect could have ripple effects, especially in the markets.
