Next week is packed with top-tier events. Investors will be offered earnings from US mega-caps as well as the Q3 GDP report from both sides of the Atlantic. On top of that, the ECB and BoC will announce monetary policy decisions. Be sure to watch US100, DE30 and USDCAD in the coming days!
US100
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Create account Try a demo Download mobile app Download mobile appUS equities will be on watch next week, thanks to top-tier earnings and key macro data. Tech mega-caps - Facebook, Amazon, Apple, Microsoft and Alphabet - will release earnings next week and given how big of a share those stocks have in US indices, reports could trigger large market moves. Apart from that, the US Q3 GDP report will be released on Thursday at 1:30 pm BST. Reading is expected to show a slowdown, fuelled by supply bottlenecks and returning Covid-19 restrictions. Technological Nasdaq-100 (US100) has closed in on all-time highs last week, lagging behind a broad-market S&P 500 (US500).
DE30
The European Central Bank will announce a monetary policy decision this Thursday at 12:45 pm BST. Bank is not expected to make changes to its stimulus programmes yet but some guidance may be offered. While ECB is certainly an event to watch, key events for European equities will come a day later - Q3 GDP release from EMU countries. German reading on Friday at 7:00 am BST will be the most closely watched. DE30 lagged US peers last week but managed to regain some ground before the weekend.
USDCAD
Currencies from both the United States and Canada will get a chance to move next week. Apart from the above-mentioned US GDP reading, the greenback will also react to PCE inflation data on Friday, 1:30 pm BST. When it comes to CAD, big event will come on Wednesday, when Bank of Canada announces a rate decision. While BoC is not expected to change rates, traders hope for some hints on timing of tapering. Canadian dollar has strengthened against the US dollar over the past couple of weeks but downward move has slowed down this week.
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