Week ahead starting 20/11/23: Fed, RBA minutes; ifo; Zoom, NVIDIA, HP earnings
Investors brace for the latest minutes from the Fed and the Reserve Bank of Australia, amid growing hopes of a US rate cut by H1 2024.
Zoom, NVIDIA, and HP report in the coming week. Plus, keep an eye out for retail updates as the countdown to Thanksgiving, Black Friday, and Cyber Monday begin.
(AI Video Summary)
What to look out for
Ong first talks about China's loan prime rates, Germany's producer price index, Australia's RBA meeting minutes, the UK's public sector net borrowing, Canada's consumer price index and various US-related infomation, and much more. She gives the low down of the key numbers and events that could impact the markets in the week to come.
Recent market trends
Ong mentions that oil prices have dropped to their lowest level in six months, and the US dollar has taken a bit of a break. She also highlights the fact that Chinese stocks have been performing poorly, even with all the political tensions going on.
She is joined by Tastylive speaker Tony Battista, who shares his thoughts on the market and upcoming earnings reports. He points out that the current low volatility is usually a good sign for the market. He also mentions that NVIDIA's stock has been going up, which is impressive considering all the concerns about US sanctions.
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