Week ahead: Reserve Bank Australia; Bank of England; BP; Walt Disney; BMW
Brace for a week of FX volatility with monetary policy meetings by the Reserve Bank of Australia and the Bank of England. The UK releases its latest retail sales print. BP reports after peer Shell smashed profit forecasts.
BMW reports earnings after announcing it will invest $2.76 billion in its Shenyang production base in China. Plus, look out for Walt Disney’s earnings.
(AI Video Summary)
Notable economic index data
Angelie Ong previews significant financial events and earnings reports affecting global markets for the week starting Monday, 6 May. Key highlights include China's Caixin index, the eurozone's producer price index, decisions on interest rates from RBA influencing the Australian dollar, UK retail sales, Halifax house price index, and the Bank of England's anticipated stance on interest rates. US market's stability is noted despite a minor correction and positive earnings surprises from major tech companies.
Earnings reports
Tom Sosnoff from tastylive emphasises the market's resilience, AI's role in driving momentum, and a cautious outlook due to prevailing long positions and complacency risks. The corporate calendar features earnings from notable companies like BP, Walt Disney, Airbnb, and others, with in-depth analysis available on IG.com. NVIDIA's earnings are particularly spotlighted for its potential market impact.
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