European markets are heading for a lower open on Monday as investors continue to assess inflationary pressures and the trajectory of interest rates.
This year's 30% decline in the value of Chinese Big Tech stocks, such asIts head of equities, Andrew Maynard, not only believes that the stock market appears to have bottomed, but also that investors may miss out on a rally if they remain underweight on China.
"Without a shadow of a doubt, being underweight China is going to cost you going forward," Maynard said.Markets are watching for more clues on Fed hikes and the economy in the week ahead Investors may be a bit more cautious in the week ahead, with stocks seeking direction in quiet trading and the bond market's warnings about recession getting louder.
The Thanksgiving holiday on Thursday should mean markets will likely be quiet Wednesday and Friday. Traders will be monitoring reports on Black Friday holiday shopping for feedback on the consumer. "It's really a week where data dependence is the key phrase," said Julian Emanuel, senior managing director at Evercore ISI. "The bias [for stocks] is higher unless data continues to deteriorate and the Fed stays on its hawkish slant... which has clearly been reinforced in the last 48 hours."
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Best Black Friday And Cyber Monday Beauty Deals For 2022Get up to 50% off skin care, makeup and more from some of the biggest brands in beauty like Charlotte Tilbury, Paula's Choice, Murad and more.
Read more »
Black Friday sales start Sunday at Target, Kohl's, Best Buy and Monday at WalmartAfter more than a month of early holiday sales, the official wave of Black Friday sales starts rolling out Sunday.
Read more »
Waves will hit 5 feet and rip currents will get stronger Monday at San Diego beachesThe National Weather Service says that a mix of waves from the south and west will produce 3 foot to 5 foot waves at favored spots on the San Diego County coastline.
Read more »
MPD’s Giving Tree lighting ceremony set for MondayThe event will take place Monday, Nov. 21, 2022 at 5:30 p.m. in front of police headquarters on Government Boulevard.
Read more »
Less Cold Saturday Night, Cool Sunday, Milder Monday - Alabama NewsClouds remain overhead Saturday night, preventing temperatures from falling as far. Although, many locations may cool into the 30s, with lows in the low 40s otherwise. Sunday looks cool with highs in the 50s, even as sunshine gradually returns by the afternoon.
Read more »