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The Market Whisper: Your Weekly Stock Markets Rundown
November 4-8, 2024
thestock whisperers
November 03, 2024
November 4-8, 2024
š³ļø All Eyes on the U.S. Elections: Who Will Take the White House?
As the U.S. elections unfold on November 5, the race between Democrat Kamala Harris and Republican Donald Trump looks like it will go down to the wire. The results could have significant implications for global markets and India's equities as swing states hold the deciding votes. Meanwhile, markets are already reeling under pricey valuations, geopolitical tensions, and a shift of capital due to Chinese stimulusāmaking this election a high-stakes event for investors.
Key Concerns for Markets: The combination of softening earnings, high expenses, and geopolitical tensionsāparticularly with the ongoing Ukraine and Middle East crisesāis causing global disruptions. With foreign institutional investors (FIIs) pulling back from Indian markets, and consumer demand under pressure, many investors are uncertain about the near-term outlook.
š Key Events This Week
Date | Event |
|---|---|
Monday, Nov 4 | Earnings: Exide Industries, IRCTC, KEC, SPARC |
India Manufacturing PMI Final: October final numbers signal robust manufacturing sector growth. | |
US Factory Orders: Awaiting September data after a soft August reading. | |
Tuesday, Nov 5 | Earnings: DRL, GAIL, JK Tyre, Manappuram Finance, Titan, Mazagon Dock, Oil India |
US Elections: Presidential election results with Kamala Harris and Donald Trump in a close contest. | |
China Services PMI: Latest insights into Chinese service sector health, signaling global demand shifts. | |
Wednesday, Nov 6 | Earnings: Apollo Hospitals, Power Grid, Tata Steel, Trident, RITES |
Swiggy IPO: Swiggy seeks Rs 11,330 crore in IPO during a cautious market period. | |
BoJ Minutes: Insights into the October rate decision from the Bank of Japan. | |
India Services PMI Final: October data shows strong growth, indicating resilience in service demand. | |
Thursday, Nov 7 | Earnings: Escorts, Indian Hotels, Lupin, M&M, MMTC, NHPC, Wabag |
BoE Interest Rate Decision: Potential changes in response to the Fedās recent stance. | |
US Jobless Claims: Latest data on jobless claims and potential impact on Fedās future policies. | |
Friday, Nov 8 | Earnings: SBI, Tata Motors, Fortis, MRF, MapmyIndia |
Fed Interest Rate Decision: Awaiting Powellās decision after the recent 50 bps rate cut. | |
FAO Food Price Index: October data release following September's significant jump in food prices. |
š Global Economic Highlights
U.S. Election Impact: A win for either Harris or Trump could influence global policy, trade, and international relations. The outcome could also affect capital flows and foreign investments, especially in emerging markets like India.
Chinaās PMI: China's October Services PMI will give fresh insights into its economic health. Any indication of slowing could further impact global sentiment amid an already tight financial environment.
BoE and Fed Decisions: The Bank of England and Federal Reserve are both considering rates this week, and their decisions could further clarify monetary policy trends. While the BoE may hold steady, markets are watching the Fed for signals of more aggressive rate cuts, which could be key for global liquidity.
Food Inflation: October's FAO Food Price Index is anticipated, following a 3% rise in September led by higher sugar prices. Any continuation of this trend could have far-reaching implications for consumer inflation and spending.
š Market Sentiment Check
Market conditions remain turbulent as investors weigh the impacts of high costs, supply chain disruptions, and geopolitical instability. The recent Diwali holiday offered a break, but the coming week will likely see volatility around the U.S. election and global policy shifts. Stay tuned as these events unfold and shape the economic landscape for the coming months.
Keep Your Investment Goals in Mind! š
šThank you for subscribing to our Weekly Stock Markets Rundown. Stay tuned for next Saturday.
Disclaimer: The information provided in this newsletter is for informational purposes only and should not be considered financial advice.
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