Analytics

Weekly News 25.11–29.11.2019

Introducing the most complete review of the upcoming week from analysts Olymp Trade


The U.S. celebrates Thanksgiving Day this week, so some U.S. assets will not be available for trading. Investors should pay attention to the quarterly data on the GDP of the US, Mexico and Switzerland, the Conference Board consumer confidence index, and the unemployment rate in Germany. Alibaba will hold an IPO on the Hong Kong stock exchange.

 

November 25. Mexico’s GDP. ASEAN Summit

At 14:00 GMT, Mexico releases its Q3 GDP. The current rate is -0.4% YoY. However, the country seems to be able to overcome the recession—Q3 GDP is expected to come out at the level of 0.1%.


A special ASEAN summit will begin in Busan, South Korea. The first part of the U.S.-China trade deal might be signed at the summit. However, both Xi Jinping and Donald Trump are highly unlikely to attend the summit.

 

November 26. Conference Board Index. IPO Alibaba

At 15:00 GMT, the U.S. releases its Conference Board consumer confidence index. They expect an increase from 125.9 to 126 points, which is quite realistic. However, a smaller reading will give the market a negative signal.


Hong Kong Stock Exchange will host the largest IPO in 10 years—Alibaba Group Holding Ltd’s IPO. The company aims to attract at least $12 billion. Perhaps, this news will make the Asian session more active than usual.

 

November 27. US GDP

At 13:30 GMT, the U.S. releases its second preliminary Q3 GDP. The Ministry of Commerce has already reported a better-than-expected growth of 1.9%. The latest data on PMI suggests that the reading is unlikely to change.

 

November 28. Switzerland’s GDP. Thanksgiving Day

At 06:45 GMT, Switzerland releases its Q3 GDP. It is expected to increase by 0.2%, and the YoY reading is expected to be revised to 0.9%. However, the figure is likely to come out lower—the dynamics of Switzerland’s GDP have been deteriorating since September 2018.


It’s a holiday in the US—Thanksgiving Day. Traditionally, the market activity starts fading after this date. US exchanges will be closed on November 28. Several US assets will not be available for trading on this day as well.

 

November 29. Germany’s Employment change

At 08:55 GMT, Germany releases its November data on unemployment. They expected a slight increase by 2000 as soon as both recent data and statements made by officials indicate a weak positive economic trend.

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