The two critical events that will test market resilience this week

Globes reviews the key events expected this week in the markets: Nvidia's earnings on Tuesday and Anthropic's mega-IPO on Thursday. In Israel, the major banks will report financial results. The Fed continues its race toward a rate hike in December, the shekel weakened to 3.21 shekels per dollar, and gold and bitcoin fell sharply.

Globes reviews the key events expected in the coming week in markets in Israel and around the world. In Israel, earnings season will intensify with the release of results from the major banks: Hapoalim, Leumi, Mizrahi Tefahot, and Discount. Leader Capital Markets estimates that the combined net profit of the five largest banks will total about 8 billion shekels, a decline of about 8% compared to the same quarter last year. In the US, two critical events will draw attention: Nvidia's earnings on Tuesday and Anthropic's mega-IPO on Thursday, which is expected to raise up to $64.4 billion at a valuation of up to $1.4 trillion. The Fed continues its race toward a rate hike in December, following discouraging inflation data. The shekel weakened against the dollar by about 0.5% over the past week, and its representative rate closed at 3.21 shekels per dollar—a one-year high. Gold and bitcoin fell sharply, and oil prices declined amid a report indicating a shift to a supply surplus. The article quotes analysts and investment managers who assess that a strong Nvidia report along with clear answers could lead to a sharp recovery, while a lack of clarity could overshadow the results.