Markets will be keeping an eye on US-China meeting — OptionsDesk
London
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November 14, 2023 01:28 PM Eastern Standard Time
OptionsDesk broker Rich Perry speaks to Thomas Warner from Proactive London about the upcoming week's market dynamics and potential market movers.
As the new week kicked off, Perry acknowledges that it might be somewhat less eventful compared to recent blockbuster weeks in terms of major economic news, though he does highlight US Core inflation data coming later in the week. The data is of particular interest as market participants await insights into whether the Federal Reserve's maintenance of higher interest rates is affecting inflation trends.
Thursday will bring standard US jobless claims, along with significant earnings reports from Walmart.
The week concludes with UK retail sales data on Friday, providing insights into the strength of the UK consumer market.
Outside of purely economic events, talk turns to the potentially significant meeting between US President Joe Biden and Chinese Premier Xi Jinping on the sidelines of the Asia-Pacific Economic Cooperation conference taking place in San Francisco this week.
Recognising the potential impact on market sentiment, Perry emphasises the importance of monitoring the rhetoric and outcomes of this meeting. The discussions between the leaders of the world's two largest economies could introduce surprises or shocks, influencing global markets.
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