In the week ahead, we provide you with the necessary information to build your strategy during the upcoming week with extra knowledge.
While growth outside China has shown some encouraging resilience, this can be linked to resurgent spending on consumer services amid loosened COVID-19 restrictions. However, demand for consumer goods has stalled as household spending is diverted to services. Additionally, global economy looks reliant on a potentially short-lived rebound in consumer service spending to sustain economic growth.
Economic data this week will be closely monitored, as market participants try to measure whether aggressive monetary policy by the Fed will result in tough or mild economic conditions.
Market participants expect Fed Chair Jerome Powell to emphasize that the Fed will hike rates by 50 basis points during its next two meetings. Likewise, other Fed speakers during the week.
Economists expect Tuesday’s retail sales for April to show 0.8% after a 0.7% in March. Also, investors will be looking to retail earnings for signs of how much the inflation have affected the buying power.
Equities ended higher on Friday after another volatile week in markets as hopes that inflation may be close to peaking. However, there are fears that aggressive policy tightening by the Fed could tip the economy into recession.
Despite Friday’s gains, the S&P 500 and the Nasdaq posted their sixth straight weekly loss, while the Dow recorded its seventh consecutive weekly decline. Yet, investors are looking for a sign of a market bottom, amid fears the sharp selloff in equities may not be over.
Economists expected Wednesday’s report to show that U.K. consumer prices leaped to 9.1% on a year-over-year basis in April. Furthermore, that would be the largest jump in annual inflation since 1980 and the fastest rate of inflation since 1982. Theretofore, the Bank of England (BOE) said it expects inflation to rise above 10% in the fourth quarter.
UK jobs data on Tuesday is expected to underline tightness in the labor market, adding to wage and price pressures.
According to the S&P U.K. Composite PMI data, inflationary pressures worsened in April while private sector firms continued to expand staffing levels rapidly. Investors also will assess the impact of inflation on consumer confidence and retail sales data.
European Central Bank President is to speak on Tuesday, while the ECB is to publish its latest meeting minutes on Thursday. Also, European Q1 GDP and April HICP readings will be updated, as preliminary data showed the economy growing just 0.2% in the first three months of the year while inflation accelerated to 7.5%.
Following trade and inflation data, China releases April industrial production and retail sales figures in the coming week. However, economists expect it to spot more light COVID-19 restrictions impact on economic performance during the second quarter. Furthermore, widespread lockdowns continue to affect the region, as investors expect retail sales and industrial data to have deteriorated.
Early PMI data across both the manufacturing and services showed output contracting very sharply in April. Market pariticpants will be watching Japan’s Q1 performance for the extent of the slowdown with forecast pointing to a 0.6% (q/q) decline.
The latest PMI data for April point to a slowdown in economic growth momentum in Chinese manufacturing and services sectors. Additionally, the negative economic shocks from COVID-19 restrictions and lockdowns in March have intensified in April is hitting consumption spending.
尊敬的客户: 您好,我司期货产品十一月份的展期将至,因新旧期货合约之间存在价格差异,为规避潜在的交易风险,建议客户妥善控制仓位。 期货合约的展期时间如下: 产品代号 产品名称 展期日 FRA40ft France 40 Index Future法国CAC40指数(期货) 2024-11-14 CL-OIL Crude Oil…
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尊敬的客户: 请注意,由于2024年11月3日实施的美国夏令时变化,以下产品的交易时间将会调整。 产品代号 交易时间 (GMT+2) Cocoa美国可可豆现货 星期一~星期四: 11:45-20:30星期五: 11:45-20:27 Coffee阿拉比卡咖啡豆现货 星期一~星期四: 11:15-20:30星期五: 11:15-20:27 Sugar11号精糖现货 星期一~星期四:…
尊敬的客户: 您好,受即将到来11月份假期影响,STARTRADER的交易时间将有所调整。 请参考下表了解涉及调整的产品情况: 日期 2024年11月1日 假期 万圣节 USDCLP美元兑智利披索 闭市 USDINR美元兑印度卢比 闭市 *所有日期均为GMT+3(MT4/MT5服务器时间) 请注意:在市场流动性下降情况下,点差可能会较正常平均水平显著扩大,我们建议客户在交易时要妥善管理仓位、确保账户资金充足,并且进行谨慎交易。 如果您有任何疑问或需要任何帮助,请随时发送电子邮件至 info@startrader.com 或透过线上聊天 https://www.startrader.com/ 联系我们。 感谢您的支持!STARTRADER团队
尊敬的客户: 您好,我司期货产品十月份的展期将至,因新旧期货合约之间存在价格差异,为规避潜在的交易风险,建议客户妥善控制仓位。 期货合约的展期时间如下: 产品代号 产品名称 展期日 VIX Volatility恐慌指数期货 2024-10-11 FRA40ft France 40 Index Future法国CAC40指数(期货) 2024-10-16…
尊敬的用户: 我们很高兴地宣布,STARTRADER 将于2024年10月28日推出十六款新产品,旨在为我们的客户提供更加多样化的投资组合。这些新产品将仅在我们的 MT5 服务器上提供。 请参阅下表了解新产品的详细信息: 产品代码 说明 类型 合约规模 最小手数 最大手数 3日库存费 交易时间(GMT+3) VFS…