Investors have recently set aside fears of global growth by siding with optimism for a "phase one" US-China trade deal. But muted economic data, expected outside Europe this week, may change mood.
It is possible that Germany – affected by the trade war, as well as the declining global demand for auto – just escaped a bullet. Exports unexpectedly recovered in September, rising 1.5% compared to the previous month. August data were also revised upwards.
"With today's data, the technical recession is not yet a deal," Karsten Brzeski, chief German economist at ING, told clients, noting that Germany could avoid another contraction. a minute. "
Recession or not, the reality is that the economy of Germany, the largest in Europe, seems very weak. A reminder of this could upset investors.
" The fact remains that the German economy is in fact has been stagnant for more than a year, "Brzeski said." This is obviously nothing to be too happy about. "
Not to be missed: The calendar also features Federal Reserve Chairman Jerome Powell's testimony to Congress for the U.S. economy , which takes place Wednesday and Thursday.
Walmart shines a light on the American consumer
Investors will be looking for Walmart Health Performance Measurements for the retail sector heading into the holiday shopping season, according to my CNN Business colleague Nathaniel Meyersohn. Walmart, the largest retailer in America, is seen as a bell on the consumer economy.
From Nathaniel: "Walmart's shares are trading around its highest period, so the company will have a high bar to hit investors. Wall Street expects Walmart to clear it easily. "
The Scene: Walmart successfully defended its stores against Amazon and squeezed its advantage over middle- and low-income buyers across the country. In recent years, the company has invested heavily in lowering prices, reshaping stores and expanding online pick-up and delivery,
Meanwhile, monthly retail sales are expected to grow 0.2%, compared to a slight decline in September. This will be enough to ward off bear cubs?
, in general, nick "It couldn't have been healthier," writes Ellen Zentner, Morgan Stanley's chief U.S. economist on Friday.
The current wars are heating up with Disney +
"Only this year The Disney Film Studio boasted the biggest box office profits in the months since. Its parks and resorts have opened the largest expansion ever with the innovative Star Wars: Galaxy & # 39; s Edge. Oh, and on top of that, he ended up acquiring $ 71 billion for most of 21st Century Fox. "
But it won't mean much if Disney +, the company's upcoming streaming service, isn't a hit. The media industry is booming and Disney, one of the largest media companies on the planet, has to stay ahead of the curve and competition – which now includes Netflix, Apple, Amazon, parent of CNN's AT&T and Comcast.
Disney + launches in the US, Canada and the Netherlands on Tuesday. from $ 6.99 per month and the huge variety of content that will be available.
Friday's Cucinello predicts strong early subscriber growth, in part because Disney can afford discounts and cheap packages.
Monday: GDP of the United Kingdom