Global stock markets started the new week on a bullish note with Chinese equities the star performer after the People’s Bank of China injected more liquidity into the banking system. Last week, metals and global stocks ended higher after the data released on Thursday showed that U.S. consumer prices fell for the first time in more than two years in December. The positive inflation report gave traders confidence that the Federal Reserve will curtail its hawkish tones on inflation. However, the market will get more information about the central bank’s path ahead to digest when FOMC members Harker and Williams speak on Wednesday this week.
This week, Investors and traders should shift their emphasis from inflation risks to the Q4 earnings season. The fourth quarter earnings season is expected to be strong with sectors such as banking, entertainment and airlines likely to report the latest financial results.
Check out the detailed weekly analysis - https://gulfbrokers.com/en/weekly-review-gold-usd-eurusd-and-dow-jones-63