Company / Analytics

Analytics, 01 May 2023

What will drive the markets this week?

The previous week saw the U.S. stock indexes with gains, boosted by strong earnings reports from Exxon and Intel, which countered worries over Amazon’s cautionary note on its cloud computing business. Additionally, economic data reinforced expectations of a Federal Reserve interest rate increase, scheduled for the following week. Despite bleak euro zone data and a fall in bank stocks, shares in Europe experienced a late-day turnaround due to encouraging earnings and a rise in oil stocks. Meanwhile, Asia-Pacific markets mostly saw an increase after the Bank of Japan left its monetary policy unchanged.

This week will be eventful with ongoing earnings season, featuring reports from a variety of companies such as Pfizer, Starbucks, Uber Technologies, AMD, Qualcomm, Apple, Royal Dutch Shell, BP, and ConocoPhillips, among others. Additionally, Warren Buffett’s holding company, Berkshire Hathaway, will hold its annual shareholders’ meeting in Omaha, Nebraska on the coming Saturday. Updates on the labor market are also expected next week with the release of the latest Job Openings and Labor Turnover Survey (JOLTS), ADP’s National Employment Report, and the April nonfarm payrolls report. The Federal Open Market Committee (FOMC) will convene on Tuesday for a two-day meeting, with an interest rate decision expected on Wednesday. This decision will likely mark the final rate hike of the current tightening cycle.

Events expected to move the markets this week

Monday, May 1

Tuesday, May 2

Wednesday, May 3

Thursday, May 4

Friday, May 5

Saturday, May 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.