From Nasdaq: 2024-05-19 16:42:06

Last week saw volatility as PPI exceeded expectations, while CPI fell just below. The slight decrease in inflation prompted discussion of potential rate cuts by the Fed. This week, all eyes are on Nvidia amid earnings releases, with AI tech driving market trends. FOMC data, Fed speakers, G7 conference, and sentiment data will also impact the market.

Earnings this week focus on Tech and Consumer sectors, with Lowe’s and Target on the consumer side, and Zoom, Palo Alto Networks, PDD Holdings Inc, and Nvidia in Tech. Fed speakers are expected to discuss rate cuts, potentially influencing market direction. PMI data and G7 conference policies will also affect market sentiment.

The upcoming release of Flash Services and Manufacturing PMI data could impact the market if deviations are observed. The G7 conference will bring together central bankers to discuss policy, potentially affecting global markets. FOMC meeting minutes revealing Fed thinking on rate decisions could spark market movement, especially in light of slowing inflation.



Read more at Nasdaq: NVDA Earnings, Fed Speakers and Other Key Things to Watch This Week