Monday: $MNDY Earnings
Tuesday: Fed Speak; $HD $SHOP $SE $SPOT $MARA $OXY Earnings
Wednesday: CPI Inflation; $CSCO Earnings
Thursday: PPI Inflation, Jobless Claims; Fed Chair Powell Speech; $DIS Earnings ⚠️
Friday: Retail Sales, NY Mfg. Survey; $BABA Earnings
- The S&P 500 briefly surpassed the 6,000 mark and closed with its biggest weekly percentage gain in a year, as Donald Trump's election victory and a possible Republican Party sweep in Congress fueled expectations for favorable business policies.
-European stocks and US futures advanced as Donald Trump’s victory in the US presidential race continued to boost appetite for equities.
- The Stoxx 600 index added 0.9%, with all industry groups in the index climbing. Futures pointed to gains of 0.3% at the open for the S&P 500, which hit its 50th record high of the year on Friday.
- Bitcoin rallied past $85,000 for the first time on the prospect of a Republican-led congress with pro-crypto lawmakers. US bond markets are closed for the Veteran’s Day holiday📈
- Markets shrugged off a weak session in Asia, after China’s debt swap program disappointed investors hoping for more fiscal stimulus. Traders’ focus this week will be on US inflation data and its potential impact on the Federal Reserve’s easing trajectory.
- In the US, Federal Reserve Bank of Minneapolis President Neel Kashkari indicated at the weekend that the central bank could ease rates less than previously expected amid a strong US economy.
#CPI_BTC_Watch #NewsAboutCrypto #CryptoNewss #bitcoin☀️
