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Podcast - Bad week for stocks, good week for oil

OANDA Senior Market Analyst Ed Moya reviews the latest market news with Jonny Hart. They discuss Wall Street's losing week, a robust Canadian jobs report, and oil's bullish trend. Next week's US inflation data and retail sales report will be key for the Fed's November rate hike expectations.

08-09-2023 14:25 GMT by Edward Moya

Week Ahead - US inflation key, ECB ponders rate pause, UK labor market data

This week is all about the US CPI report and retail sales data. If the US demand for goods didn’t weaken that much and if inflation heated up, rate hike expectations for the November meeting might become the consensus. The inflation report might not be as clear as headline inflation will obviously rise given the surge in gasoline prices, but core might deliver another subdued reading.

08-09-2023 09:57 GMT by Craig Erlam