Week Ahead – w46
Summary Key Macro Events
Brexit trade-deal talks between the U.K. and EU continue in London Monday with several tricky sticking points remaining – Bloomberg (9)
EU foreign affairs ministers will meet virtually on Monday to discuss the future trade relationship with the US after last week’s presidential election – FT (9)
Joe Biden plans Monday to name a 12-member task force to combat and contain the spread of the coronavirus, sources tell Axios (9)
Chinese President Xi Jinping will attend the Shanghai Cooperation Organization summit hosted by Russia via video link – Nikkei (10)
Tuesday is the EU’s target date for triggering tariffs on as much as $4 billion of U.S. goods in retaliation over illegal aid to Boeing Co. – Bloomberg (10)
The US Supreme Court is on Tuesday expected to hear from a case that is challenging the lawfulness of the Obamacare law – FT (10)
Alibaba, China’s largest e-commerce company, is expected to smash the sales record again at its annual promotion event, known as Singles Day, which ends Wednesday – Nikkei (11)
French president Emmanuel Macron will attend the opening ceremony of the Paris Peace Forum on Thursday – FT (11)
The European Central Bank annual forum kicks off on Wednesday, when policymakers will gather virtually for a two-day event.The bank’s president Christine Lagarde will deliver a welcome address to the forum on Wednesday – FT (11)
ECB President Christine Lagarde, BOE Governor Andrew Bailey and Fed Chair Jerome Powell are among the speakers Thursday at an online ECB Forum entitled “Central Banks in a Shifting World” (12)
CPI for October (12)
Finance ministers and central bankers from the Group of 20 hold an extraordinary meeting Friday to discuss bolder action to help poor nations struggling to repay their debts. (13)
PPI for October (13)
Earnings
*Wall Street’s Q3 Earnings Season Continues This Week.
*Results Are Due From:
-McDonald’s
-Walt Disney
-Cisco
-Beyond Meat
-Lyft
-DraftKings
-Palantir
-Nikola Motor
-WorkHorse
-DataDog
-CyberArk
-Lemonade
-Canopy Growth
-Tilray
-Aurora Cannabis
-Plug Power
-NovaVax
-BioNTech pic.twitter.com/pFpUs8euOy— Investing.com (@Investingcom) November 8, 2020
Previews
#China Shows the Payoff From Curbing the Virus: Eco Week Ahead
*#ECB holds virtual forum, U.K. reports third-quarter GDP data
*Link: https://t.co/lFgc2FyQtc pic.twitter.com/bG8tYzvVti— Christophe Barraud (@C_Barraud) November 8, 2020
Biden wins election, SoftBank earnings, US inflation data https://t.co/UKbbZCPEdz
— FT Economics (@fteconomics) November 8, 2020
Your Week in Asia
— ASEAN Summit online
— Sony PlayStation 5
— China Singles Dayhttps://t.co/KEx4mL6UnI— Nikkei Asia (@NikkeiAsia) November 8, 2020
⚠️MARKETS WEEK AHEAD:
– POLITICAL HEADLINES
– FED SPEAKERS
– $MCD $DIS $BYND EARNINGS⚠️ @JESSECOHENINV BREAKS DOWN WHAT TO WATCH ON WALL STREET THIS WEEK $DIA $SPY $QQQ $VIX pic.twitter.com/t59COqOrC0
— Investing.com (@Investingcom) November 8, 2020
FED SPEECHES THIS WEEK:
*FOMC MEMBER MESTER (MON. 1:30PM)
*FOMC MEMBER BRAINARD (TUES. 5:00AM)
*FOMC MEMBER KAPLAN (TUES. 12:00PM)
*FOMC MEMBER QUARLES (TUES. 2:00PM)
*FED CHAIR POWELL (THURS. 11:45AM)⚠️https://t.co/AmVMcvVtCV$DIA $SPY $QQQ $VIX pic.twitter.com/vabd2SSZMy
— Investing.com (@Investingcom) November 8, 2020
#Biden to announce COVID-19 task force Monday – Axioshttps://t.co/rJ2WkQd09O
— Christophe Barraud (@C_Barraud) November 7, 2020
UK sees goodwill for Brexit trade deal, open to 'sensible' fishing compromise https://t.co/5LnulwlXlb pic.twitter.com/otQHXSHH9p
— Reuters Business (@ReutersBiz) November 9, 2020
#Germany Considers Delaying a $4 Billion Tariff Strike on the U.S. – Bloomberghttps://t.co/9kcOFnwvJS
— Christophe Barraud (@C_Barraud) November 9, 2020
Focus on Economic Calendar
Schedule for Week of November 8, 2020 https://t.co/XguYRvTvj1 The key economic report this week is October CPI.
— Bill McBride (@calculatedrisk) November 7, 2020
Top 10 Macro/Financial Charts of the Previous Week – w45
⚠ Top 10 Macro/Financial Charts of the Week – w45 ⚠
HT @crossbordercap, @jsblokland, @NorthmanTrader, @TaviCosta, @Callum_Thomas, @zerohedge, @stlouisfedhttps://t.co/J9BgKYfmzr
— Christophe Barraud (@C_Barraud) November 9, 2020
What happened in the World Economy last Week – in charts – w45 (Bloomberg)
The week that was in the global economy, told through charts https://t.co/LDaRx8ix0b
— Bloomberg Economics (@economics) November 6, 2020