World Markets – WORLD – Economy World Magazine


World Markets
Yesterday the world markets showed negative dynamics. China reported its first deaths from COVID-19 nearly 6 months later, while nationwide infection rates topped April highs, casting doubt on the country’s ability to significantly ease its stringent COVID-19 strategy. What are we waiting for today?This morning we are seeing mixed movement in Asian markets. China and Japan are up, Hong Kong and South Korea are down, US futures are slightly up today. The VIX index is at 22.3. Today, the OECD will publish its latest forecasts for the global economy, will be published indexes of the Philadelphia Fed, one of the US regional indices for non-manufacturing sectors. The decision of the Central Bank of Hungary on the interest rate is also included in the calendar.What’s on the next agenda?In the new week, as world markets focus on this week’s economic data, US stock markets will be closed on Thursday and Friday for Thanksgiving. The Fed will release the minutes of its meeting on November 2 on Wednesday. At the meeting, the Fed raised the discount rate by 75 basis points in line with market expectations. A section was added to the text of the resolution, published after the meeting, signaling that the rise in interest rates may slow down. In most European countries, the PMI hovers below the 50 mark, which separates growth from contraction. US durable goods orders will also be released on Wednesday. The ECB, which raised 75 basis points at its last meeting, will announce the minutes of the meeting on Thursday. Also on Thursday, the Swedish Central Bank will announce its interest rate decision. The Swedish Central Bank, which applied negative interest rates between 2015 and 2019, raised the interest rate to zero in the last month of 2019, and this year to 0.25% and then to 1.75% with increases of 50 and 100 basis points. place on Friday, November 25th, when retailers kick off Black Friday sales, traditionally one of the strongest shopping days of the year and an important test for consumer demand in the face of rising inflation and interest rates.

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