Week ahead: Inflation focus likely to remain with Core PCE, consumer sentiment, retail earnings and OPEC+
Traders likely to remain on inflation ahead of a raft of data points including personal income and spending alongside US PCE data for April. Germany and Japan release and update on consumer sentiment and business morale.
HP, Best Buy and Dr Martens report. Plus, analysts expect OPEC+ to stick to output curbs when they meet.
(AI Video Summary)
US inflation concerns
In the upcoming financial week, the focus shifts to pivotal economic indicators impacting global markets. The US sees persistent inflation worries despite significant events like NVIDIA's strong earnings report. Key data from multiple regions include China's industrial profits, various confidence indicators from Japan, Europe, and the US, alongside significant metrics such as the core PCE figure, which remains crucial for Federal Reserve policy insights.
Commodities and earnings
Attention on commodities highlights volatility in metals and agricultural sectors, contrasting with recent low volatility in the broader market, raising concerns about potential risks. Upcoming corporate earnings across retail further align with economic forecasts and market responses.
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