US
This week will be busy with an FOMC decision and the nonfarm payrolls report. Wall Street is also keeping an eye on banking to see if there are any new news concerns. At the FOMC meeting, policymakers are expected to announce one more quarter point rate increase. However, they may leave room for another. For the Fed to stop tightening their pedals, disinflation must be firmly established.
The April nonfarm employment report is expected show that hiring has cooled down from 236,000 to 175,000. The labor market has softened, but wages seem to have remained stable.
The peak earnings season has arrived. Wall Street is paying special attention to the results of Adidas, Advanced Micro Devices and other brands, including Anheuser-Busch InBev. Apple, ConocoPhillips. Ford Motor. HSBC Holdings. Infineon Technologies. Intercontinental Exchange. Kraft Heinz. Marriott International. Moderna. Motorola Solutions. Pfizer. Shell. Starbucks. Uber Technologies. UniCredit. Volkswagen. Wall Street will be paying special attention to the results of Adidas, Advanced Micro devices, Anheuser-Busch inBev. Apple, ConocoPhillips. Ford Motor. HSBC Holdings. Infineon Technologies. Intercontinental Exchange. Kraft Heinz. Marriott International. Moderna. Motorola Solutions. Pfizer. Shell. Starbucks. Uber Technologies. UniCredit. Volkswagen.
Eurozone
The ECB faces less pressure than its counterparts to halt its tightening cycle. It’s good to be late for once. The health and stability of the European Banking System ,…
