Week ahead: US inflation; German ZEW; easyJet; Walmart; Home Depot
Traders brace for a week punctuated by consumer-related data including US CPI and PPI, plus earnings from Walmart and Home Depot. From Europe, Germany releases its latest print on business morale.
Earnings to watch include those from Siemens and Imperial Brands.
(AI Video Summary)
US, UK and German economic data
This week's financial discourse, hosted by IGTV's Angeline Ong, revolves around global economic indicators and their potential impact on stock and commodities markets for the week starting Monday, 13 May. Key highlights include the release of consumer confidence and inflation data, notably from the US, and unemployment rates and economic sentiment from the UK and Germany. The focus is also on central bank activities, especially the ECB's anticipated rate cut, and the effects of commodities trading on market dynamics.
Interview with Tom Sosnoff
Tom Sosnoff from tastylive discusses the S&P 500’s recent rally, suggesting it may be overly optimistic given low trading volume and minimal volatility. He also touches on the surge in commodities prices, like silver and gold, as indicative of a shift towards riskier assets for higher returns. Lastly, the conversation shifts towards the anticipation of Fed rate cuts, contingent on bond market movements, and upcoming corporate earnings from major firms across various sectors.
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