Previous close | 0.1400 |
Open | 0.0400 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 30.00 |
Expiry date | 2024-11-15 |
Day's range | 0.0400 - 0.1400 |
Contract range | N/A |
Volume | |
Open interest | N/A |
A crucial reading of inflation faces investors in the week ahead after a string of disappointing reports to start the year dampened investors' interest rate cut hopes.
Quarterly earnings reports from Chinese e-commerce giants Alibaba and JD.com this week will be closely watched as barometers for the mood of consumers in the world's second-largest economy. Both firms, which combined account for about 69% of China's e-commerce market revenue, according to DBS estimates, have faced increasing competition in recent years from low-cost platforms, such as PDD Holding's Pinduoduo and ByteDance-owned Douyin. Chinese consumers are seeking discounts and lower-cost shopping because of their cautious attitude toward spending after the COVID-19 pandemic amid lower economic growth and the slowdown in the property sector.
Market Domination Overtime Hosts Josh Lipton and Julie Hyman preview the biggest headlines and events for investors next week, including earnings out from major retailers Walmart (WMT) and Home Depot (HD), April's Consumer Price Index (CPI) inflation print, and the latest round of US housing data. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Luke Carberry Mogan.