Global stocks and precious metals ended last week on a positive note. The investors were in a buying mood after the most awaited US inflation number unexpectedly dropped to 7.7% in October, below the 8% priced in, and its lowest level since January and the market participants expect the Federal Reserve to revert back to a 50bp rate hike at the bank’s December FED meeting.
This week is inactive in terms of monetary policy, with no significant central banks due to meet. The main attraction for this week is the retail sales figures from the US, China and UK. On the other hand, Investors should continue to monitor the series of inflation data from the UK, Canada, and Japan scheduled across the week.
On the earnings front, the companies scheduled to release their last quarter financial results this week will be Walmart, Nvidia, Target and GAP.
Check out the detailed weekly analysis here - https://gulfbrokers.com/en/weekly-review-gold-usd-eurusd-and-dow-jones-55