2 Min | Snapshot

Monthly viewpoint

Caspar Rock: Monday markets - the week ahead on 25 November


Caspar Rock

Caspar Rock

Chief Investment Officer

  • With Thanksgiving in the US on Thursday and the crazed shopping frenzy “Black Friday” the day after, we might see lower volumes and slightly increased volatility.
  • This week's data releases include the euro area CPI estimate on Friday. On Wednesday, we get a reading on US consumer confidence alongside the second estimate of US third-quarter GDP.  The GDP number is expected to confirm the preliminary forecast of 1.9%. We also have a speech from Fed Chair Powell tonight.
  • Last week the eurozone flash composite PMI signalled continued weak expansion in the region.
  • We also saw the minutes from the last Fed meeting which noted that the risks to the economic and inflation outlook remain tilted to the downside.
  • While risks surrounding trade negotiations and geopolitical issues such as Brexit have eased, policymakers still see them as elevated.
  • In the UK, the Conservative Party consolidated and increased its lead in polls.
  • Equities were slightly lower last week, and bonds rallied a little along with the dollar, all of which pointed to a week that consolidated the recent rally in risk markets.

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