Company / Analytics

Analytics, 23 April 2023

Week 16 in Brief

North America

On Friday, the main U.S. stock indices recorded slight gains, following mixed earnings outcomes. Investors were evaluating how contradictory economic data could impact interest rates, while also looking forward to a week packed with corporate reports.

According to a survey, U.S. business activity increased to an 11-month peak in April, adding to the uncertainty surrounding the Federal Reserve’s monetary policy, which was already muddled by earlier data in the week that suggested a weakening economy.

Despite investors anticipating weak results during the early stages of the first-quarter earnings season, the benchmark S&P 500 has been relatively steady. The upcoming week will bring a deluge of reports, including from megacap tech and growth firms whose shares have been instrumental in driving the S&P 500’s rally since the beginning of the year.

How did the major indices perform?

On Friday:

For the week:

What drove the U.S. market?

How did the European markets perform?

How did Asian markets perform?

Bonds and Commodities


Next week

Next week will be eventful as some of the largest corporations in the world will announce their earnings, including major tech firms such as Apple, Amazon, Google parent Alphabet, Microsoft, and Meta Platforms.

On Tuesday, we’ll learn the latest information on home prices, with the release of the Case-Shiller National Home Price Index for February, as well as new and pending home sales data for March.

On Thursday, the Bureau of Economic Analysis (BEA) will unveil its preliminary estimate for first-quarter gross domestic product (GDP). In addition, we can expect consumer sentiment updates from the Conference Board and University of Michigan.

Finally, on Friday, we’ll receive a crucial update on inflation with the release of the Personal Consumption Expenditures (PCE) Price Index, which is the Federal Reserve’s preferred measure of inflation, for March.

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