🌐📉 Weekly Market Turbulence: What to Watch Next
This past week has been a rough ride for risk assets. U.S. equities struggled to find footing, even as Nvidia delivered impressive earnings and its CEO shared upbeat expectations. The downtrend didn’t let up. Crypto markets were hit even harder—Bitcoin plunged 18%, its sharpest weekly drop since mid-November 2022.
Looking ahead, here are the key economic events (UTC+8) that could shape market sentiment:
Tuesday 21:30 — U.S. September retail sales (MoM) and PPI
Wednesday 09:00 — Reserve Bank of New Zealand interest rate decision
Wednesday 21:30 — U.S. initial jobless claims (week ending Nov 22)
Thursday 03:00 — Federal Reserve Beige Book
Thursday (TBD) — Bank of Korea interest rate announcement
Friday — Speech by NY Fed President John Williams
Fed Governor Jefferson’s views may also be influential—historically, his policy stance has closely mirrored that of Fed Chair Powell since he joined the board three years ago.
And a quick heads-up: with Thanksgiving on Thursday and an early close on Black Friday, U.S. markets will see shortened trading sessions and noticeably lighter liquidity. 📉🦃💼
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