StockWatch: Week of November 15-19
This was the last big week from an earnings prospective, with large US retailers, EV startup Lucid and tech giant Nvidia standing out
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This was the last big week from an earnings prospective, with large US retailers, EV startup Lucid and tech giant Nvidia standing out
The Chinese smart electric vehicle (“Smart EV”) company, announces its financial results for the third quarter of the year, on Tuesday November 23, before the US markets open.
Broader market sentiment took a nose-dive, after Austria announced lockdown measures to restrain the spread of the coronavirus
The common currency managed to stage a solid rebound yesterday, but today, it faces renewed pressure on the back of fresh dovish ECB rhetoric
UK Retail Sales rose more than expected in October, adding to a series of supportive economic data for the British Pound
The pair finds support over the last couple of days, after having taken a beating earlier in the week from dovish RBA rhetoric and hot US CPI Inflation, but will struggle to avoid a negative weekly close
The pair maintains its positive undertone and runs its third straight profitable day, managing to extend this week’s gains into new monthly highs
The technology giant, that is mostly known for its gaming graphics cards, released solid financial results [fn ref="1"] on Wednesday November 17, after US markets closed
Following three straight negative weeks, the pair regains its poise, with the help of supportive economic releases and BoE commentary
The Reserve Bank of New Zealand (RBNZ) released its quarterly Survey of expectations, which revealed increased inflation expectations, boosting the Kiwi
USOIL has entered its 4th straight negative week and loses around 1% today, weighed by persistently high US inflation and OPEC+ recent dismissal of calls to increase production
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