Reminder: It will be a bit of a holiday-shortened trading week | investingLive
With the US government shutdown ending, we’ll slowly see more data releases over time in catching up. And this week will feature PPI, retail sales, and durable goods orders from the US – the ones for September at least. While those might not be too impactful now, they are still worth watching in building the overall picture ahead of the Fed next month.
But as we get through all that, do keep in mind that it is also the Thanksgiving holiday season in the US this week. The holiday falls on Thursday but typically, you’d see many people go for an extended break through to the weekend. And so, that might impact market action and general sentiment in the latter stages this week.
As a result of the holiday as well, the weekly jobless claims data is pushed to Wednesday, 26 November. And there won’t be any meaningful data releases from the US on Friday. As such, the trading week may feel like a bit of a holiday-shortened one barring any major surprises.
The stock market is closed on Thursday, 27 November and will only be open for a half-day session on Friday, 28 November. And the same goes for the bond market as well.
