Global stocks and commodities started the new on a bearish note due to rising COVID-19 cases and newly recorded deaths in China fuelled concerns over the global economic outlook. China, the world’s second-largest economy reported another record high COVID-19 infections on Monday. China posted close to 40,000 coronavirus cases on Monday and for the 5th consecutive day, China reported close to 4,000 cases in the capital city of Beijing.
Moving ahead to the last week of this month investors remained cautious over China’s COVID situation. This week, traders and investors should also pay attention that the November U.S. unemployment report is due Friday. The NFP expectations are for 200k jobs to have been added to the US economy in November.
On the earnings front, the companies scheduled to release their last quarter financial results this week will be Crowdstrike, Salesforce, Snowflake and Xpeng.
Check out the detailed weekly analysis here - https://gulfbrokers.com/en/weekly-review-gold-usd-eurusd-and-dow-jones-57