Global markets finished last week in negative territory amid concerns about the outlook for interest rates following the release of stronger-than-expected inflation data from the US and China. China’s consumer price index (CPI), a main gauge of inflation rose at its fastest rate in over two years in September. While US consumer prices increased more than expected in September, the CPI increased by 8.2% after rising 8.3% in August.
This week, Investors and traders should shift their emphasis from economic data to the Q3 earnings season. The third quarter earnings season is expected to be strong with sectors such as banking, technology, entertainment and airlines likely to report the latest financial results.
On the earnings front, the companies scheduled to release their last quarter financial results this week will be Netflix, Telsa, Snap, American Airlines, IBM and Bank of America.
Check out the detailed weekly analysis here - https://gulfbrokers.com/en/weekly-review-gold-usd-eurusd-and-dow-jones-51