This week, there are several significant events to watch out for in the world of business and finance. On Tuesday and Wednesday, the U.S. Federal Reserve will be meeting to discuss potential policy easing in 2024. While rate action is unlikely, Fed futures markets now predict some easing, down from earlier expectations.
Amazon and Apple are two of the “Magnificent Seven” megacaps that will be reporting their results this week. While Amazon’s shares have performed well this year, rising 18%, Apple’s shares have lost some of their luster, falling over 10% in 2024. Other tech giants like Tesla and Meta Platforms have also shown mixed performance.
China’s PMI index and the Caixin/S&P Global manufacturing PMI survey are also expected to be released this week. Positive data could provide relief to policymakers working to boost growth, while global investment houses have become more bullish on Chinese stocks. However, Beijing is facing challenges with its currency as the yuan has been sliding against the dollar.
Additionally, Euro zone inflation and economic growth data will be released on Tuesday, potentially leading to speculation about the European Central Bank lowering its deposit rate in June. Economists expect euro zone GDP to have expanded by just 0.1% in the first quarter year-on-year, indicating slow growth in Europe’s largest economy. Policymakers are not expected to make rapid moves after the potential rate cut.
Overall, these events will provide important insights into how businesses and economies around the world are performing and what actions policymakers may take in response.
It is important for investors to closely monitor these events as they may impact their investments negatively or positively depending on how they unfold.
In summary, this week is a busy one for business and finance enthusiasts with key events happening across different regions of the world that will shape investor sentiment for weeks or even months ahead!
