By Reuters
Publication Date: 2025-11-17 05:32:00
A look at the day ahead in European and global markets from Tom Westbrook
U.S. economic data starts flowing again on Monday, with construction spending figures for August. September jobs data is due on Thursday.
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More up-to-date labour and price figures are not due until next month and concern over the data’s quality as well as hawkish policymaker comments has expectations for a rate cut in December fading.
The main event for markets this week is likely Nvidia (NVDA.O) earnings after the close on Wednesday, which are shaping as a test for the artificial-intelligence bull run.
Analysts on average expect the company to post a 53.8% year-over-year rise in fiscal third-quarter earnings per share, according to LSEG, and they have been getting more optimistic about future revenue – leaving the company with a lot to beat.
In Asia on Monday, markets struck a cautious tone, sending the dollar up a little bit, while the deepening diplomatic disagreement between China and Japan hit stocks in Tokyo.
Shares in Muji parent Ryohin Keikaku (7453.T), department store operator Isetan Mitsukoshi (3099.T) and Shiseido (4911.T) notched losses of around 10% each after China’s warning to its citizens against travel to Japan.
A row erupted after Japan’s Prime Minister Sanae Takaichi told lawmakers a Chinese attack on Taiwan could threaten Japan’s survival and potentially trigger a military response.
A senior Japanese diplomat will…
