{"id":32582,"date":"2022-11-28T05:14:13","date_gmt":"2022-11-28T05:14:13","guid":{"rendered":"https:\/\/errante.com\/?p=32582"},"modified":"2022-11-28T06:17:26","modified_gmt":"2022-11-28T06:17:26","slug":"the-week-ahead-28th-november-2nd-december-2022","status":"publish","type":"post","link":"https:\/\/errante.com\/th\/newsroom\/the-week-ahead-28th-november-2nd-december-2022\/","title":{"rendered":"The Week Ahead: 28th November\u00a0 – 2nd December\u00a0 2022"},"content":{"rendered":"\n

Overview for the Week Ahead<\/strong><\/h2>\n\n\n\n

This week kicks off with Cyber Monday in a year when retail has been hit hard by inflation. Investors will be keeping an eye on online retail to see if it can help make up the difference.<\/p>\n\n\n\n

The spectacular crash of cryptocurrency exchange FTX will also dominate financial news as hearings in Congress begin and bankruptcy proceedings continue.<\/p>\n\n\n\n


Four important Federal Reserve speeches this week will also provide insight into the mindset of the Fed as they weigh further rate hikes to curb stubbornly high inflation.<\/p>\n\n\n\n

The government\u2019s monthly employment report, data on the housing market, a second look at GDP growth, PCE inflation, and a reading on consumer confidence are among the many highlights of a busy economic calendar in the coming days.<\/p>\n\n\n\n

China has reported record new COVID cases for four straight days.  From an immediate market perspective, the COVID surge and nationwide unrest snuff out any hope China is about to re-open its economy. It doesn’t seem that the restrictions will be lifted any time soon, and growth will continue to suffer.<\/p>\n\n\n\n

In that vein, PMI figures on Wednesday are expected to show that Chinese factory and service sector activity shrank again in November, another sign that Beijing will maintain its loose monetary policy stance.<\/p>\n\n\n\n

Have your trading charts ready!<\/strong><\/p>\n\n\n\n

This Week\u2019s High Impact Events<\/strong><\/h3>\n\n\n\n

The times below are GMT +2.<\/p>\n\n\n\n

Monday 28th<\/sup> November<\/strong><\/p>\n\n\n\n