Week Ahead - May 6th
It will be a relatively quiet week in the US, with only the Michigan consumer confidence index and speeches by Fed officials worth attention. The big-cap earnings season is poised to conclude with releases from Vertex Pharmaceuticals, Walt Disney, BP, Toyota, Uber, Airbnb, and Shopify. On the global front, central banks from the UK, Australia, Brazil, Sweden, Malaysia, and Poland are set to announce their interest rate decisions. Additionally, China will be in focus with Caixin Services and Composite PMIs, alongside foreign trade, inflation rates, and new loans data. In Europe, attention will turn to Germany for updates on factory orders, industrial production, and trade balance figures. Inflation data will be closely watched in Mexico, Brazil, the Philippines, and China, while GDP growth rates will be scrutinized in the UK, the Philippines, and Indonesia. Finally, services PMIs will be released in Spain, Italy, and Brazil.
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