Monday Market Must-Knows: May, 13 2024
Last week saw steady Central Bank announcements from the Reserve Bank of Australia and the Bank of England, maintaining status quo.
Equities edged up with S&P, NASDAQ, and Russell showing slight gains while crypto struggled.
This week's focus includes earnings reports starting with Tencent Music on Monday, followed by Home Depot, Alibaba, and Sony on Tuesday, and Walmart, Applied Materials, JD, and Baozun on Thursday.
Inflation indicators take center stage, with Producer Price Index (PPI) on Tuesday and Consumer Price Index (CPI) on Wednesday. Expectations suggest a slight increase in PPI and stable CPI.
Jerome Powell speaks at the Netherlands Foreign Bankers Association on Tuesday, potentially causing market volatility.
Wednesday also brings Retail Sales data, with expectations lowered from previous figures (7% to 4%). Despite skepticism, any surprise above 4% could boost markets. Overall, a potentially eventful trading week lies ahead.
As always, if you’re in the markets, make sure you have a trade plan. Join us for a FREE introductory class. Learn about tools & rules for trading with confidence-so you can stay one step ahead of market volatility. Stay Informed, Start Knowing Today!
Equities edged up with S&P, NASDAQ, and Russell showing slight gains while crypto struggled.
This week's focus includes earnings reports starting with Tencent Music on Monday, followed by Home Depot, Alibaba, and Sony on Tuesday, and Walmart, Applied Materials, JD, and Baozun on Thursday.
Inflation indicators take center stage, with Producer Price Index (PPI) on Tuesday and Consumer Price Index (CPI) on Wednesday. Expectations suggest a slight increase in PPI and stable CPI.
Jerome Powell speaks at the Netherlands Foreign Bankers Association on Tuesday, potentially causing market volatility.
Wednesday also brings Retail Sales data, with expectations lowered from previous figures (7% to 4%). Despite skepticism, any surprise above 4% could boost markets. Overall, a potentially eventful trading week lies ahead.
As always, if you’re in the markets, make sure you have a trade plan. Join us for a FREE introductory class. Learn about tools & rules for trading with confidence-so you can stay one step ahead of market volatility. Stay Informed, Start Knowing Today!