Week's focus: Mag 7 earnings, US GDP, EUR CPI updates [Video]
|The week starts with mixed feelings. Market mood improved last week as US President Donald Trump eased pressure on Federal Reserve (Fed) Chair Jerome Powell, announced some progress with trading partners including Japan and India, and said that the triple-digit import taxes on Chinese products will probably be ‘substantially’ revised lower. And happily, we heard no major bombs from Trump or his administration over the weekend. It could hardly get better than this given the situation. Investors will focus on an avalanche of earnings announcements, the first update of the US Q1 GDP and April preliminary inflation figures of the eurozone. The Bank of Japan (BoJ) is expected to maintain status quo, but the latest rise in inflation keep the BoJ hawks alert.
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