What to Expect in the Markets Next Week

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In the wake of last week’s flurry of market highs and on again, off again trade talks, the week ahead appears relatively tempered, at first glance. Corporate earnings season is winding down, and the economic calendar in the U.S. and abroad is full of typical mid-month reports on consumer spending and production. Despite economic headwinds around the world, asset returns have been very strong in 2019. With the year winding down, here is a rundown of the annualized returns of each asset class year-to-date.

Here’s a brief look at the week ahead.

Monday:

  • U.S. Bond Markets Closed for Veterans Day. Other U.S. Markets Remain Open.
  • U.K. GDP (Q3)
  • NFIB Small-Business Optimism (Oct.)

Wednesday:

  • U.S. Consumer Price Index (Oct.)
  • U.S. Household Debt (Q3)
  • European Union Industrial Production (Sept.) 
  • Japan GDP (Q3)
  • China Industrial Production (Oct.)
  • China Retail Sales (Oct.)
  • Producer Price Index (Oct.)
  • European Union GDP (Q3)
  • China House Prices (Oct.)
  • U.S. Retail Sales (Oct.)
  • U.S. Industrial Production (Oct.)
  • U.S. Business Inventories (Sept.)
  • Empire State Manufacturing Index (Nov.)
  • European Union Consumer Price Index (Oct.)

Streaming Wars: The Media Empire Strikes Back

Next Tuesday, November 12th, media behemoth Disney (DIS) launches its own streaming service, Disney+. It’s the newest entrant into the ever-expanding list of streaming services, coming hot on the heels of Apple (AAPL), which launched Apple TV+ on November 1st. Disney’s enormous roster of big brands, swelled by its seemingly insatiable appetite for M&A, includes such diverse names as Star Wars, Marvel, and the Muppets. With Disney pulling content from Netflix (NFLX), it seems like Netflix may be vulnerable in this launch as it gets undercut by price.

Alibaba Seeks Second Listing

E-commerce giant Alibaba (BABA) is expected to ask for listing approval from the Hong Kong Stock Exchange on Thursday. According to CNBC, if approved, the listing will go forward in the last week in November. Alibaba, China’s largest company by market cap, is looking to raise between $10 billion and $15 billion.

Source: Investopedia

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