Look ahead: UK Q1 GDP; US consumer morale; IAG
Watch out for the latest UK Q1 GDP growth rate print after the Bank of England kept rates on hold, but took a step closer to cutting rates.
US Michigan consumer sentiment data will highlight how morale is holding up amid sticky high inflation. Plus, BA-owner IAG reports Q1 results ahead of a ‘summer squeeze’.
(AI Video Summary)
Upcoming UK Q1 GDP numbers
Today's "Look ahead" to Friday, 10 May, focuses on key economic indicators and market movements, including the UK's upcoming Q1 GDP numbers, March industrial production, and March trade balance amidst expectations of an election and potential Bank of England interest rate cuts. The FTSE 100's response to stable interest rates highlights investor reactions, while the British pound's fluctuations underscore market volatility. Anticipation of rate cuts by the Bank of England, possibly followed by the ECB and Fed, sets a cautious tone.
Earnings
Additionally, earnings from IAG and the impact of 'revenge travel' on airline profits, amid challenges from Middle East tensions and Boeing delivery issues, are discussed, illustrating sector-specific trends and potential future performance.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Act on share opportunities today
Go long or short on thousands of international stocks with spread bets and CFDs.
- Get full exposure for a comparatively small deposit
- Trade on spreads from just 0.1%
- Get greater order book visibility with direct market access
See opportunity on a stock?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Take your position
- See whether your hunch pays off
See opportunity on a stock?
Don’t miss your chance – upgrade to a live account to take advantage.
- Trade a huge range of popular stocks
- Analyse and deal seamlessly on fast, intuitive charts
- See and react to breaking news in-platform
See opportunity on a stock?
Don’t miss your chance. Log in to take advantage while conditions prevail.
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
