From Euronews: 2024-04-29 01:02:17

This week, the financial market will focus on Eurozone’s flash CPI data and the Federal Reserve’s meeting to gauge investment sentiment and rate path. The Eurozone’s April CPI data will influence ECB’s rate outlook, while the Fed’s monetary policy will impact global markets. Earnings reports from HSBC, Amazon, and Apple will also provide insights into international firms’ health.

Eurozone’s April Consumer Price Index (CPI) data will shape ECB’s interest rate outlook, with inflation expected to remain steady at 2.4%. Member countries, including Germany and Spain, will release their preliminary first-quarter GDP figures. HSBC and Glencore’s reports will offer insights into banking and mining sectors’ performance in European markets.

Fed’s interest rate decision, non-farm payroll report, Apple, and Amazon earnings are pivotal for the US market. Despite no rate adjustments expected at the meeting, Fed’s commentary will influence market sentiment. Non-farm payroll data will provide insights into the labor market’s health. Tech giants’ earnings will impact market expectations.

Chinese stock market surged last week, with focus now on China’s PMIs for further economic insights. Australia’s retail sales and New Zealand’s employment figures will also be key data points in the Asia-Pacific region. Manufacturing and services PMI figures will impact global commodity prices and market sentiment.



Read more at Euronews: Markets this week: Focus will be on Eurozone CPI and Fed Rate Decision