Retail Sales & Walmart, Crypto Slumps, Oil Tide Turning – What’s Moving Markets By Investing.com – Investing.com
- Date: 16-Nov-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Gulf
Retail Sales & Walmart, Crypto Slumps, Oil Tide Turning – What’s Moving Markets By Investing.com – Investing.com
By Geoffrey Smith
Investing.com -- The spotlight is on the U.S. consumer today, with October retail sales data coming out within an hour or two of earnings from Walmart (NYSE:) and Home Depot (NYSE:). and other cryptocurrencies tumble as the market absorbs the fact that the final version of the Infrastructure Bill included some potentially onerous reporting restrictions. Elon Musk continues to sell Tesla (NASDAQ:) stock, but at least Michael Burry has stopped doing the same. The International Energy Agency accepts that the tide is turning for oil, and sterling leaps after strong U.K. labor data put a December rate hike back in play. Here's what you need to know in financial markets on Tuesday, 16th November.
1. Retail day
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