As we head into the new week, there are several key markets to keep an eye on:
ASX (Australia)
The ASX 200 has been on a steady rise, buoyed by renewed hopes of stimulus from China. Investors will be watching closely for any shifts in the energy sector, especially with rising oil prices.
On Friday, the ASX 200 fell 72.70 points, or 0.87%, to finish at 8,283.20. All Ordinaries fell 72.90 points, or 0.85%, to 8,551.20. There is a slight increase in the Australian dollar, up 0.1% to 67.02 US cents.
Dow Jones (US)
The Dow Jones Industrial Average continues to perform well, recently hitting a new high. However, with inflation concerns still lingering, any economic data releases will be closely scrutinised.
Nikkei 225 (Japan)
The Nikkei 225 has seen some volatility, with recent declines amid investor caution. The market will be looking for signs of stability, particularly in the technology and automotive sectors.
London Stock Exchange (UK)
The FTSE 100 has been relatively stable, but Brexit-related uncertainties and global economic conditions could impact its performance. Investors will be keeping an eye on the financial and industrial sectors.
Hong Kong Stock Exchange (HK)
The Hang Seng Index has been experiencing fluctuations, with recent drops due to geopolitical tensions. The market will be looking for positive signals from China's housing market and stimulus measures.
Shanghai Stock Exchange (China)
The Shanghai Composite Index has seen a recent rally, thanks to stimulus measures from the Chinese government. Investors will be watching for any further policy announcements and their impact on the market.
NASDAQ (US)
The NASDAQ continues to show strong performance, driven by tech stocks. Earnings reports from major tech companies this week will be a key focus for investors.
Upcoming earnings reports to watch on the NASDAQ
- Tesla Inc. - October 23
- Amazon.com Inc. - October 24
- Alphabet Inc. - October 29
- Microsoft Corp. - October 30
- Apple Inc. - October 31
These reports will provide insights into the health of the tech sector and could influence market sentiment. On the ASX:
- Alcoa Corp (AAI.AX): Q3 2024 Earnings Release - October 24
- Bank of Queensland Ltd (BOQ.AX): Full Year 2024 Earnings Release - October 24
Here are some key economic indicators to watch for the week of October 21 - October 25, 2024:
Australia:
RBA Hauser Speech: October 21
Westpac Leading Index (MoM): October 24
Employment Change (MoM): October 24
Full Time Employment Change (MoM): October 24
Part Time Employment Change (MoM): October 24
Unemployment Rate (MoM): October 24
Participation Rate (MoM): October 24
United States:
Durable Goods Orders (MoM): October 24
Gross Domestic Product (QoQ): October 25
Personal Income and Outlays (MoM): October 25
Europe:
Consumer Price Index (YoY): October 24
Unemployment Rate (MoM): October 25
China:
Industrial Production (YoY): October 24
Retail Sales (YoY): October 24
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.