market movements
Many countries in Asia will remain closed to celebrate Lunar New Year, because the year of the Fire Horse is beginning. It is considered to be a unique combination of energy and volatility, hence there can be volatility in the markets. The market will keep an eye on the results of Walmart, a big company in the consumer sector, which may indicate the pace of spending. At the same time, the impact of fluctuations in the commodity market can be seen on the earnings of European mining companies. Major economic indicators and UK figures will continue to come throughout the week, while an important decision of the Central Bank in Indonesia can also decide the direction of the market.
Lunar New Year holidays and market movements
Many countries in Asia will remain closed to celebrate Lunar New Year, because the year of the Fire Horse is beginning. It is believed that this year brings ups and downs along with energy. In such a situation, there may be turmoil in the markets.
Keep an eye on Walmart’s results
After touching $1 trillion market cap, Walmart will release its quarterly results this week. This will show what the situation of consumer spending is in America. Retail sales appeared weak in recent data, but strong employment data has provided some relief. Home Depot, Lowe’s and Target will also release results in the coming days.
European Mining Companies Results
Europe’s big mining companies like Rio Tinto, Glencore, Anglo American and Antofagasta will present their results. The prices of metals like copper, gold and silver have recently reached record levels, due to which the earnings of these companies will be in special focus.
Global Economic Survey and UK figures
Business activity has been seen increasing in many major economies in January. Britain’s employment and inflation figures will also come this week. Inflation is still high, so the market will keep an eye on the figures.
Central bank decisions of Indonesia and New Zealand
The Central Bank of Indonesia can take a big decision on interest rates, because recently a huge decline was seen in the market. The Central Bank of New Zealand will also announce a new monetary policy. These decisions may impact Asian and global markets.
