Weekly Review: Consolidating the levels (Read for Fundamentals)
The last hours of trading sessions have served to clear two subjects.
1. On the macro side, the third quarter GDPs indicators from USA and the EU were better than expected.
2. On the micro side, the biggest technology companies’ earnings beat expectations
However, the geopolitics bring some noise to the market as Democrats and Republicans cannot reach an agreement over the stimulus package and Trump threats to postpone the election.
Looking forward to next week, it will be to key to watch out the employment data on Friday. A moderate growth is expected and this will set the tone on the strength of the American labour market.
Altogether, this week will be lateral with no big swings as investors will wait until Friday for the employment data.
1. On the macro side, the third quarter GDPs indicators from USA and the EU were better than expected.
2. On the micro side, the biggest technology companies’ earnings beat expectations
However, the geopolitics bring some noise to the market as Democrats and Republicans cannot reach an agreement over the stimulus package and Trump threats to postpone the election.
Looking forward to next week, it will be to key to watch out the employment data on Friday. A moderate growth is expected and this will set the tone on the strength of the American labour market.
Altogether, this week will be lateral with no big swings as investors will wait until Friday for the employment data.
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