Weekly Market Outlook: FOMC And Global PMI Figures In Focus

As US markets are closed on Thursday for the Thanksgiving holiday, there are quite a few different economic announcements coming out beforehand. This includes Manufacturing PMI numbers, Consumer Confidence levels, Unemployment Claim numbers, GDP and the latest release of FOMC Meeting Minutes.

Weekly Market Outlook: FOMC and global PMI figures in focus

It is also a big week for European markets as Eurozone, German and French Manufacturing and Services PMI numbers are also released this week. Of course, it is also meant to be the final week of negotiations between the EU and UK with many believing a deal could be announced soon.

While earnings season has winded down, investors will most likely be looking for the next big theme. Comments over the weekend from Russian President Vladimir Putin stating he is not ready to recognise Joe Biden as US President may cause investors to be cautious.

However, the market is focused on some big themes right now and they include emerging markets and sector investing.

Weekly News

  • Russian President Vladimir Putin says he is not ready to recognise Joe Biden as US president
  • France plans lockdown easing in three steps as governments look towards the holiday period
  • UK set to announce the biggest public borrowing since World War II
  • Apple halves app fees for small developer sonly
  • Airbnb prepares for IPO

 Forex Calendar

Source: Forex Calendar provided by Admiral Markets UK Ltd.

Trader's Radar - UK & European PMI figures

This week sees the release of a range of different PMI (Purchasing Managers' Index) figures. It is essentially an index based on a survey of the purchasing managers in different industries. Figures above 50 indicate an economy that is in expansion and figures below indicate it is contracting.

As businesses have to react the quickest to changing market conditions the managers within certain industries provide key information regarding the health of an economy. Even more so now with the impact of the coronavirus pandemic and subsequent lockdown restrictions.

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Disclaimer: The given data provides additional information regarding all analysis, estimates, prognosis, forecasts or other similar assessments or information (hereinafter "Analysis") ...

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