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Trends & Analysis
News

Broadcom’s stock jumps on profit beat, stock split

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Crude oil reverses trend on US data

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Is Apple’s bull run just getting started?

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Oracle shares spike despite FQ4 earnings miss

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EUR/USD plunges after parliament elections

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Is a big move coming for AMD?

Trends & Analysis
News

Broadcom’s stock jumps on profit beat, stock split

News

Crude oil reverses trend on US data

News

Is Apple’s bull run just getting started?

News

Oracle shares spike despite FQ4 earnings miss

News

EUR/USD plunges after parliament elections

News

Is a big move coming for AMD?

Weekly Market Preview

Week Ahead Preview:

8th of April

 

Friday, Apr 5, 2024

The YoY European inflation levels decreased from 2.6% in February to 2.4% in March. This decline opens the door for discussions among members of the European Central Bank’s Governing Council regarding the potential interest rate reduction at their upcoming meeting next week. The expectation is to maintain rates at the April meeting and to implement a 25-basis point cut at the June meeting, with further reductions of up to 75 basis points throughout the year, contingent upon economic data. Investors will tune in the President of the European Central Bank’s press conference for insights into the timing and extent of expected interest rate cuts.

Meanwhile, market attention is on the interest rate decisions of the Reserve Bank of New Zealand and the Bank of Canada this week. Both central banks are expected to keep their current interest rates unchanged, but investors will closely monitor any indications of potential shifts in monetary policy during the first half of the year. The Bank of Canada may consider a 25-basis point cut at the June meeting, given the Canadian Consumer Price Index’s decline from 2.9% in January to 2.8% in February, nearing its 2% target. Conversely, New Zealand’s inflation levels from the fourth quarter of the previous year remain at 4.7%, preventing immediate considerations for interest rate cuts. Therefore, the inflation figures for the first quarter of the current year will be critical in determining the likelihood of rate reductions during the third or fourth quarter.

Additionally, investors await the release of the Federal Reserve meeting minutes, which will provide insights into members’ discussions at their previous meeting. It’s notable that a majority of Federal Reserve Committee members agree that there’s no urgency to cut interest rates, emphasizing the need for at least two months’ worth of economic data to support potential rate reductions before taking any action. Therefore, jobs and inflation reports for April and May will be pivotal in shaping the Federal Reserve’s upcoming monetary policy.

 

Economic Data Highlights (As per UAE time) 

 

Monday 8th of April
  • SNB Chair’s speech
Tuesday 9th of April
  • GBP- Retail Sales (Mar)
  • AUD- Business Confidence (Mar)
Wednesday 10th of April
  • RBNZ rate decision
  • USD- Inflation rates (CPI- Mar)
  • Bank of Canada rate decision
  • Bank of Canada press conference
  • FOMC meeting minutes
Thursday 11th of April
  • CNY- Inflation rates (Mar)
  • OPEC monthly report
  • ECB Interest rates decision
  • ECB press conference
  • USD- Producer price index (Mar)
  • Fed Williams speech
Friday 12th of April
  • JPY- Industrial production (Feb)
  • CNY- Imports and Exports (Mar)
  • GBP- Industrial & Manufacturing production (Feb)
  • EUR- Inflation rates (Germany – Mar)
  • USD- Michigan consumer sentiment (Apr)

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