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. This week, traders and investors should pay attention that the November U.S. unemployment report is due Friday.
This week the trading will be thinned out for the last two days and liquidity is expected to remain low as US financial markets are closed on Thursday and a half-day on Friday for the Thanksgiving holiday. The main event on the calendar for monetary policy this week is the meeting of the Reserve Bank of New Zealand on Wednesday.
Shares of the largest residential solar and battery storage provider in the U.S. Sunrun (NASDAQ: RUN) stock traded with a bid tone for the entire last week, with some weakness seen only on Friday. Can the stock continue its RUN?
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. The main attraction for this week is the retail sales figures from the US, China and UK.
As we are heading to a new week traders and investors are likely to monitor the latest US inflation report which is set to be released on Thursday that will offer a crucial guide to the interest rate outlook.