Yet key inflation and bank lending data releases in the days ahead could sway that outcome. The ECB will likely lift rates for a seventh straight time on May 4th and policymakers appear to be converging on a 25-basis point hike rather than a larger 50-bp increase. (3) On Thursday, European Central Bank (ECB) Follows FOMC with Policy Rate Hike The report from Apple, whose widely used products and services include MacBooks and iPads but also banking, is a gauge for global consumer demand, and its results stand to ripple through markets given its importance to a number of industries. Analysts expect a nearly -6% drop in earnings per share to $1.43.
The iPhone maker is expected to post $93 billion in revenue for its fiscal second quarter - a 4.4% drop year-on-year, Refinitiv data shows. company by market value, at $2.6 trillion.Īlong with other mega-cap stocks, Apple has led the S&P 500's rally in 2023, giving the company even more heft in indexes.Īpple's over-7% weight in the S&P500 is bigger than the entire energy sector and nearly matches the consumer staples group.
#ECB APPLICATION WIZARD FREE#
corporate earnings season reaches a crescendo on Thursday with results from Apple ( AAPL Quick Quote AAPL - Free Report), the largest U.S. (2) On Thursday, Mega-cap Apple Reports Q1 Earnings But confidence in a 25-basis point rate hike has wavered in recent days after problems at lender First Republic (FRC) reignited concerns over the U.S. Signs the Fed may be coming around to the market’s view could push Treasury yields lower - in theory benefiting the big mega-cap stocks that led markets higher this year.įutures markets show investors pricing a nearly 90% chance of a rate increase. Policymakers and markets remain at odds over the rates trajectory: The world's top central bank projects borrowing costs to remain at around current levels through 2023, investors are betting on cuts after the summer. The Fed is expected to deliver another 25-basis point interest rate increase on Wednesday and signal a pause in its most aggressive rate-hiking cycle since the 1980s. (1) On Wednesday, One More 25bps Policy Rate Hike from the FOMC? Next are Reuters’ five world market themes, reordered for equity traders. Q1 earnings season mostly to an end.Īll of this happens as financial markets work through fresh regional banking tremors, brought on by First Republic Bank in San Francisco, CA. Australia's central bank (the RBA) top the agenda.
In the Global Week Ahead, regular monetary policy meetings held by:
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