Look ahead: UK Q1 GDP; US consumer morale; IAG
Watch out for the latest UK Q1 GDP growth rate print after the Bank of England kept rates on hold, but took a step closer to cutting rates.
US Michigan consumer sentiment data will highlight how morale is holding up amid sticky high inflation. Plus, BA-owner IAG reports Q1 results ahead of a ‘summer squeeze’.
(AI Video Summary)
Upcoming UK Q1 GDP numbers
Today's "Look ahead" to Friday, 10 May, focuses on key economic indicators and market movements, including the UK's upcoming Q1 GDP numbers, March industrial production, and March trade balance amidst expectations of an election and potential Bank of England interest rate cuts. The FTSE 100's response to stable interest rates highlights investor reactions, while the British pound's fluctuations underscore market volatility. Anticipation of rate cuts by the Bank of England, possibly followed by the ECB and Fed, sets a cautious tone.
Earnings
Additionally, earnings from IAG and the impact of 'revenge travel' on airline profits, amid challenges from Middle East tensions and Boeing delivery issues, are discussed, illustrating sector-specific trends and potential future performance.
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