Look ahead: Apple; ConocoPhilips; Shell; Bank of Japan minutes; US initial claims
Apple’s AI initiatives will likely dominate in a time when the iPhone giant faces fierce competition in its crucial market, China.
ConocoPhilips reports Q1 results. Plus, keep an eye on the Bank of Japan minutes and US initial jobless claims ahead of Friday’s key jobs report.
(AI Video Summary)
BOJ minutes and USD/JPY
Angeline Ong previews significant financial events for Thursday, 2 May, emphasising the Bank of Japan's minutes and its impact on the USD/JPY rate, especially amid intervention talks and the cross hitting the 160 level. Attention is on Jerome Powell's speech, expected to hint at reduced rate cuts for 2024, influencing the US dollar. Additionally, updates on Australia's March trade balance, US trade data, initial jobless claims, and factory orders will be released.
Earnings reports
Earnings reports from major companies like Shell, expected at $1.86 a share, and its influence on oil prices are highlighted, along with Apple's quarterly results and its focus on AI development and iPhone sales challenges in China. The financial community anticipates these updates to gauge market direction.
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