Democratic U.S. Senator Catherine Cortez Masto has won re-election in Nevada, Edison Research projected on Saturday in a victory that guarantees the Senate will be controlled by Democrats in 2023.
#US equities closed Friday session higher after a choppy session, extending Thursday's sharp gains prompted by weaker-than-expected CPI
Week a Head
spotlight shifts to inflation data from Japan, India, UK and Canada; and the Autumn budget statement from UK. Also, it would be interesting to follow Zew Economic Sentiment for Germany, Q3 GDP growth rates from Japan, and industrial production, retail sales, and fixed investment data from China.
Key Economic data ahead
US Markets
Nov 15th PPI MOM
Nov 16th API crude oil stock change
Nov 18th Existing Home sale data
European markets buoyed by expectations that the Fed will slow the pace of rate hikes and news that China eased some Covid rules. For Friday only, the regional Stoxx 600 edged up 0.1% to above the 430 level, the highest in 11 weeks, led by basic resources, miners and luxury goods retailers
Key Euro data ahead
Nov 14th Industrial Production
Nov 15th GDP growth rate
Nov 17th Inflation rate
Indian Markets edged higher after India Industrial Output Growth Beats Forecasts India's industrial production rose by 3.1 percent from a year earlier in September 2022, reversing a revised 0.7 percent decline in the previous month and easily beating market expectations of 2.0 percent growth.
Manufacturing output rebounded 1.8 percent, after a decline of 0.5 percent in August,backed by increases in the production of basic metals (5.8 percent), coke and refined petroleum products (9.8 percent), food products (5.3 percent), machinery and equipment (5.3 percent), motor vehicles,
trailers and semi-trailers (29.9 percent), and other non-metallic mineral products (9.3 percent). In addition, output rose for both mining (4.6 percent vs 3.9 percent in August) and electricity (11.6 percent vs 1.4 percent).
Indian markets a head- Investor to brace
Nov 14th Inflation rate
Nov 15th Balance of trade
Technically- Market to witness critical resistance zone at 18473 followed by 18586. Meanwhile, support remains 18300 which is a also a derivative support followed by 18088.
Technical Indicators for Markets a head
RSI-68.72
MACD(12,26)- 187.24
ATR- 175.26- Signal less volatile
#US equities closed Friday session higher after a choppy session, extending Thursday's sharp gains prompted by weaker-than-expected CPI
Week a Head
spotlight shifts to inflation data from Japan, India, UK and Canada; and the Autumn budget statement from UK. Also, it would be interesting to follow Zew Economic Sentiment for Germany, Q3 GDP growth rates from Japan, and industrial production, retail sales, and fixed investment data from China.
Key Economic data ahead
US Markets
Nov 15th PPI MOM
Nov 16th API crude oil stock change
Nov 18th Existing Home sale data
European markets buoyed by expectations that the Fed will slow the pace of rate hikes and news that China eased some Covid rules. For Friday only, the regional Stoxx 600 edged up 0.1% to above the 430 level, the highest in 11 weeks, led by basic resources, miners and luxury goods retailers
Key Euro data ahead
Nov 14th Industrial Production
Nov 15th GDP growth rate
Nov 17th Inflation rate
Indian Markets edged higher after India Industrial Output Growth Beats Forecasts India's industrial production rose by 3.1 percent from a year earlier in September 2022, reversing a revised 0.7 percent decline in the previous month and easily beating market expectations of 2.0 percent growth.
Manufacturing output rebounded 1.8 percent, after a decline of 0.5 percent in August,backed by increases in the production of basic metals (5.8 percent), coke and refined petroleum products (9.8 percent), food products (5.3 percent), machinery and equipment (5.3 percent), motor vehicles,
trailers and semi-trailers (29.9 percent), and other non-metallic mineral products (9.3 percent). In addition, output rose for both mining (4.6 percent vs 3.9 percent in August) and electricity (11.6 percent vs 1.4 percent).
Indian markets a head- Investor to brace
Nov 14th Inflation rate
Nov 15th Balance of trade
Technically- Market to witness critical resistance zone at 18473 followed by 18586. Meanwhile, support remains 18300 which is a also a derivative support followed by 18088.
Technical Indicators for Markets a head
RSI-68.72
MACD(12,26)- 187.24
ATR- 175.26- Signal less volatile