Weekly Market Outlook: COVID Fears Persist, Powell Testifies, EZ CPIs and US NFPs on the Agenda
Channel: JFD Brokers
Date: 2021-11-29

Weekly Market Outlook by Charalambos Pissouros

Last Thursday, a new #coronavirus variant was detected, which is said to probably be vaccine resistant, something that sparked panic among market participants. European shares experienced their worst day in 17 months on Friday, while Wall Street tumbled as well in a half-day session. This week, #Fed Chief Powell testifies before Congress, and it will be interesting to see whether the detection of the new variant will affect the Fed’s monetary policy plans. On the data front, we get Eurozone’s preliminary #inflation data for November, as well as the US and Canadian employment reports for the month.

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