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The Most Important Events That Will Influence The Markets Until The End Of The Year

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Federal Reserve Data: The Federal Reserve is scheduled to release its meeting minutes covering the period from October 31 to November. The first meeting is on Tuesday, a day earlier than usual due to the Thanksgiving holiday this week. Recent data suggesting a slowdown in inflation have fueled hopes that the U.S. central bank has finished raising interest rates.

Black Friday: Retailers in the United States are gearing up for Black Friday, marking the start of the crucial holiday shopping season following Thanksgiving. Investors are questioning whether the consumer-dependent U.S. economy can remain flexible. This year’s Black Friday comes against the backdrop of rising interest rates and inflation, which, despite easing, remains above the Federal Reserve’s target of 2%.

Stock Market Optimism: Investor optimism about stocks has increased in recent weeks, with markets rebounding from months of sustained decline from August to most of October. This optimism is also attributed to declines in Treasury yields, which, having surged in recent months and impacted stocks.

Oil Prices: Oil prices jumped over 4% on Friday, recovering from a four-month low reached in the previous session, supported by U.S. sanctions on some Russian oil shipping companies. However, Brent and crude oil ended the week down more than 1%, marking the fourth consecutive weekly decline, largely influenced by rising U.S. crude inventories and sustained high production. The escalating real estate crisis in China and a slowdown in industrial growth also contributed to this decline. With Brent’s price falling below $80, many analysts expect the Organization of the Petroleum Exporting Countries (OPEC) and its allies to extend production cuts until 2024 when the group meets later this month.

Eurozone Data: The Eurozone will release purchasing managers’ index data for November on Thursday, while economists not expecting any substantial recovery in activity. European Central Bank President Christine Lagarde is scheduled to appear in Berlin on Tuesday and speak again in Frankfurt on Friday, while several other ECB officials are expected to appear during the week.

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