Company / Analytics

Analytics, 02 May 2022

What will drive the markets this week?

US stocks lost much ground last week after disappointing earnings reports by technology companies and the prospect of a tightening monetary policy as the Federal Reserve is expected to raise interest rates for the second time in a row. The earnings season continues this week and investors will parse reports from Pfizer, AMD, S&P Global, Airbnb, Starbucks, AIG, Prudential, Moderna, Royal Dutch Shell, and Uber, among others. In economic data, key updates include data on U.S. labor market.

Investors will keenly monitor minutes of the Federal Open Market Committee (FOMC) which takes place Tuesday and Wednesday. The Fed is widely anticipated to raise its benchmark Federal Funds rate by 50 basis points (bps), to a range of 75-100 bps, following a 25-bp in March. The Fed is expected to begin reducing its record $9 trillion balance sheet from June.

Here is a quick summary of events that will drive markets this week.

Monday, May 2:

Tuesday, May 3

Wednesday, May 4:

Thursday, May 5:

Friday, April 6:

Choose one or several trading platforms and achieve your goals with Investors Europe

Investors Europe (Mauritius) Limited is authorised and regulated by the FSC Mauritius, license C112011088. Registered address: 4th Floor, Les Jamalacs Building, Vieux Conseil Street, Port-Louis 11328, Republic of Mauritius. Registered Number: 113933.

Any information contained on this website is provided to you for informational purposes only and should not be regarded as an offer or solicitation of an offer to buy or sell any investments or related services that may be referenced here. Investing in certain instruments, including stocks, options, futures, foreign currencies, and bonds involve a high level of risk. Trading on margin comes with substantial risk as well. You must be aware of these risks before opening an account to trade. The income you may get from online investing may go down as well as up.