Week ahead: What’s going to keep US stocks heading higher?; Bank of England rate decision; manufacturing and services PMI
As US equity markets continue to trade near record highs, many traders are wondering what’s going to keep the rally going or is the party about to come to an abrupt halt.
From around the world, we have manufacturing and services PMI. The Bank of England could say that more data showing inflationary pressure is easing before it cuts interest rates. Plus, there’s also US retail sales and the latest ZEW print from Germany.
(AI Video Summary)
Key data and central bank decisions
The "Week ahead" financial outlook highlights include China's retail sales and industrial production, along with US manufacturing data. Key interest rate decisions are expected from Australia and the Bank of England, while economic sentiment could shift due to snap elections in France and the UK.
Market movements
US retail sales data will follow earnings reports from major corporations like Walmart and Costco.
Additionally, Japan's consumer price data and the UK’s CPI may influence market sentiments. Financial markets remain robust, with minimal volatility and continuous growth, spurred by corporate earnings and potential interest rate dynamics.
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