Global markets are heading into a highly charged week, filled with major catalysts that could set the tone for the months ahead. In the US, the spotlight is on the first estimate of Q1 2025 GDP, which is forecast to slow dramatically to just 0.4%, the weakest pace since mid-2022, signaling a possible cooling of economic momentum. Investors will also scrutinize the April jobs report, with job gains expected to slow sharply, and the PCE inflation data, where a soft reading could ease pressure on the Fed. Adding to the drama, market giants like Apple, Microsoft, Amazon, and Meta will release their quarterly results, and their guidance could heavily influence sentiment across sectors. In Europe, hopes are pinned on a modest economic recovery, with flash GDP data expected to show 0.2% growth and inflation easing toward the ECB’s 2% target, reinforcing expectations of policy stability. Meanwhile, in Asia, China’s official and private PMI readings will offer a first glimpse into how fresh US tariffs are weighing on manufacturing. The Bank of Japan’s policy meeting will be another key event, with interest rates likely on hold but inflation and growth forecasts closely watched. Investors will also keep an eye on Australia’s inflation report, South Korea’s trade numbers, and industrial output across several Asian economies, making it a decisive week for global risk appetite.
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