Look ahead: US Durable goods; German business morale; Boeing; Meta; IBM; Ford
Under the economic microscope on Wednesday, US durable goods and the state of German business sentiment. Boeing’s results come as the US planemaker is struggling to deliver enough jets to meet demand.
Investors eye Meta and IBM for clues on whether the AI euphoria will continue. Ford reports a day after GM beats the street.
(AI Video Summary)
Key economic indicators to watch
The "Look ahead" to Wednesday, 24 April, focuses on various key economic indicators and company earnings expected to influence markets. In Australia, the RBA's CPI expectations for Q1 are at 0.9% quarter-on-quarter. Germany's business morale is projected to slightly improve, indicating positive sentiment. A critical focus will be on the US durable goods orders, alongside gross numbers and core PCE inflation data, the Fed's preferred gauge. The EUR/USD exchange rate movement is highlighted in response to PMI data, suggesting potential shifts in trader positions.
Important upcoming earnings
Earnings to watch include Lloyds Banking Group, Carrefour, Roche, Heineken, Boeing, Meta, IBM, and Ford. Especially, Boeing's update on its 787 wide-body jet production and delivery amidst supply shortages and rising air travel demand will be crucial. Meta's earnings will shed light on AI-related revenues and outlook, which could influence tech sector sentiment.
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