What’s moving markets for the week ahead 

The US labor market and the OPEC+ meeting are the most important variables for next week.

During the past week, we saw mixed performance in US markets, and the best was the S&P500 index, which rose by 1.56% to trade above the 4,000 mark, while the Dow Jones rose slightly, better than the previous week, to settle above 34,200 points.

On a different note, Global recession fears and closures in China affected oil prices. Falling by more than 6%, to hit its lowest level in 11 months at $75.27 a barrel. But was able to pair losses on renewed hopes tat OPEC+ could cut production again.

At the beginning of the week, gold continued the downward trend because of the strength of the US dollar, falling towards $1,730 an ounce, then it rose again before the FOMC minutes, which showed the consensus of its members open to ease the pace of a tight monetary policy by reducing the size of interest rate hikes.

The Federal Reserve is monitoring the strength of the US labor market

The spotlight will fall on US labor market data at the end of the week to get more clues regarding the Feds current monetary policy. The recent labor market data reflected that the US economy has begun to add a relatively smaller number of jobs as it reaches full stage of employment with 200K jobs expected to be added in November after the reading of 263K in the previous month of October and 315K jobs before that. Reflecting the difficulty, the labor market will now have as it tries to achieve a balanced economy with soaring inflation.

Companies too are struggling as well as individuals through rising debt and high cost of borrowing. Businesses will soon be unable to expand if they haven’t already, and the labor market will start to shrink, causing layoffs that will automatically generate an even higher cost of living for individuals.

The delay witnessed by the Federal Reserve’s intervention to tackle inflation at the very beginning when Powell continuously stated that its “transitionary” reflects the consequences that the economy is facing now, as they intervened late which is why its taking an enormous amount of effort to curb the highest level of inflation in 40 years. 

Inflation data in the eurozone

On the other hand, markets are closely anticipating Eurozone inflation data this Wednesday. After the European Central Bank rose rates by 75 basis points three times consecutively, making it a record.

The figures will be closely watched as the European economy continues to suffer from the shortage of energy supplies. And the upcoming newly placed sanctions on Russia on December 5th, which is likely to lay negative outcomes on the Eurozone. 

But as the ECB continues to raise interest rates, prices will continue to rise too, therefore inflation will stay a key dominant issue in the banks plans for the coming period. Sings of recovery from inflation, will prompt the ECB to slowdown the pace of increasing interest rates which we should see soon, keeping in mind the current aggressive pace. 

Read this next

Digital Assets

Germany-focused DekaBank taps METACO for digital asset custody offering

“Digital assets are a critical part of the future, a radical new way for how assets will be represented, from currencies to real estate.”


Eventus launches AML solution for TradFi and digital asset space

“Firms operating in traditional financial markets and digital assets alike are facing greater challenges than ever to protect themselves from those presenting a risk to their businesses and reputations, along with their standing with government regulators.”

Industry News

Qomply launches direct-to-FCA trade report solution that bypasses ARM

“Certainly, for back-reporting large volumes of data, QomplyDirect removes extra ARM fees by offering the flexibility of sending reports directly to the FCA via a firm’s own infrastructure.”

Executive Moves

BNP Paribas AM appoints Geoff Dailey as Deputy Head of US Equities

“Geoff has more than 20 years’ experience in the industry and as a key, senior member of the team with a strong investment pedigree and leadership profile, he is the natural successor for Pam.”

Retail FX

BUX joins forces with BlackRock for iShares ETFs offering in 7 European countries

“By joining forces with Blackrock, a renowned expert in financial markets and products, we have created a good solution for clients that are overwhelmed by the choice of products and don’t know how and when to start investing. Together, BUX and BlackRock can make a real impact on how Europeans invest and approach their financial future.”

Retail FX

CMC Invest gets in-principle approval to launch shares, ETFs, futures, and options in Singapore

“This announcement is a major milestone and validation for CMC Markets. Our business has been offering CFDs in Singapore since 2007, but the Capital Markets Services Licence for CMSI will allow us to serve our clients with more robust investment products, including shares and ETFs.”

Executive Moves

Eightcap hires ex-IG, ex-StoneX Alex Howard as CEO

“In my first weeks, the priority is to immerse myself in the business, including connecting with the global team, developing a nuanced understanding of strategy and operations, and listening to clients.”

Digital Assets

OneCoin founder Ruja Ignatova is selling penthouse in UK

OneCoin founder Ruja Ignatova, who steered one of the world’s biggest cryptocurrency frauds, is back into the spotlight more than five years after vanishing from the public eye.

Digital Assets

Bitpay taps MoonPay to offer access to +60 cryptocurrencies

Crypto payment service provider Bitpay said it’s partnering with exchange and web3 infrastructure provider MoonPay to provide its users with easier access to buy cryptocurrency instantly.