Financial News

The USD/JPY jump to 156 will spotlight the Bank of Japan press conference that precedes the all-important US Personal Income and Expenditures Report.

Alphabet and Microsoft boast strong earnings in digital ads, AI, and cloud; Snap’s Q1 shows notable user and revenue growth.

Microsoft may exceed growth expectations; Alphabet’s AI strategy aims to keep its market edge; earnings to influence quarter’s stock performance.

The National Association of Realtors expects that existing home sales will grow by 9% in 2024.

Q1 2024 sees modest GDP rise of 1.6%, federal cuts vs. state hikes, and a purchase price index jump to 3.1%.

German GfK Consumer Climate improves: Willingness to Save limited the upside amidst lingering uncertainties about the economy and labor market.

Meta’s shift to AI and metaverse likely to exert short-term pressure on Nasdaq 100 due to significant investments and ongoing losses.

Gasoline inventories declined by 0.6 million barrels from the previous week.

Durable goods and transportation orders rise, surpassing forecasts and signaling robust economic growth.

German business sentiment rises sharply in April, services sector shows robust improvement, putting the ECB in the spotlight.

Tesla’s Q1 revenue drop and strategy shift to affordability precede stock resilience in after-hours trading.

Manufacturing PMI moved back into contraction territory.

German Services PMI surges, fueling speculation on ECB’s June rate cut decision.

In the week ahead, US inflation and service sector PMI numbers could further impact investor bets on multiple 2024 Fed interest rate cuts.

The crypto market was under pressure going into the weekend, with monetary policy and geopolitics overshadowing the Bitcoin Halving event.

P&G beats earnings forecast, misses revenue; EPS guidance up, mixed segment sales.

P&G and AmEx anticipate earnings growth; Regional Banks face mixed outcomes.

Weaker-than-expected UK retail sales figures could support rising bets on a Bank of England interest rate cut. However, the BoE camp is divided.

Netflix shifts focus to profitability, enhancing finances with strategic initiatives and plans to expand into gaming and sports.

Natural gas prices are moving higher as traders react to the EIA report.