What To Expect in the Markets This Week | Global News Avenue

Inflation data for November will be released this week Consumer Price Index (CPI) Set to be released on Wednesday, wholesale inflation and import price reports will also be released later this week.

Investors will also get reports on small business optimism and initial jobless claims. Fed officials are on lockdown ahead of the December meeting.

Earnings report scheduled for popular meme stock GameStop (Society of General Mechanical Engineers), and from Oracle (ORCL), Adobe (Adebe), Broadcom (AVGO) and Costco Wholesale (cost).

Monday, December 9

• Wholesale inventory (October)
• Oracle, Thor Brothers (Thor), C3.ai(AI), and Casey’s Grocery (era) Report earnings

Tuesday, December 10

• NFIB Small Business Optimism (November)
• U.S. Productivity (Revised) (Q3)
• automatic zone (Azo), game station, and Dave and Buster’s Entertainment (Play) Report earnings

Wednesday, December 11

• Consumer Price Index (November)
• Monthly Federal Budget (November)
• adobe and Nordson (NDSN) Report earnings

Thursday, December 12

• Initial jobless claims (week ended December 7)
• Producer Price Index (November)
• Broadcom Wholesale with Costco Report earnings

Friday, December 13

• Import and export price index (November)

Inflation data released ahead of December Fed meeting

Market watchers will be keeping an eye on November inflation data this week, with the Federal Reserve poring over them ahead of an upcoming interest rate decision.

November consumer price index (CPI) released on Wednesday Inflation rate rises in October to 2.6%. Other recent inflation data have also moved higher, keeping prices rising above the Fed’s target.

Also launching this week Producer Price Index (PPI) In November, this will show how inflation affects wholesalers. The import and export price index released on Friday can give us an idea of ​​foreign trade inflation.

The inflation data is among the last available from the Federal Reserve ahead of next week’s meeting, where officials will discuss whether to again lower the federal funds rate, which affects other borrowing costs across the economy. While many investors believe the Fed will cut interest rates at the meeting, some Fed officials say they don’t Keep a close eye on inflation data before making a decision Whether to reduce rates. Fed officials are on lockdown this week, meaning they won’t comment monetary policy.

Other economic indicators released this week include October wholesale inventory data on Monday, small business optimism on Tuesday and weekly jobless claims on Thursday.

Investors eye earnings from Meme stock GameStop and chipmaker Broadcom

Original meme Stock GameStop’s earnings report on Tuesday will be closely watched, especially after Posts by Investor “Roaring Kitty” Keith Gill The stock price surged last week. video game retailers Announce unexpected profit That’s despite the revenue decline in its most recent earnings report.

On Monday, Oracle will report its earnings as analysts take notice Growth opportunities for software giants exist cloud computing market. Semiconductor maker Broadcom reported Thursday after the technology company Loss in last quarter This stems from its 2023 Acquired software company VMware.

Adobe’s report this week follows Disappointing quarterly revenue outlook Because investors are looking for graphics software makers to take advantage of Artificial Intelligence (AI) progress.

Costco Wholesale reports earnings after retailer reports earnings Sales growth slows Although in the last quarter Expect weak holiday sales This year it was postponed due to the Thanksgiving holiday.