Market Update | 23-April-2024
Investors are eagerly awaiting the release of U.S. inflation data this Friday, particularly the PCE price index, which is projected to remain high in March. Other economic highlights include the initial estimate of first-quarter GDP, which is expected to moderate slightly, along with data on new home sales, initial jobless claims, and revised figures on consumer sentiment and inflation expectations.
Today, PMI data from the Eurozone, U.S., and UK will be closely watched for signs of resurging inflation, especially within the services sector. The March U.S. PMI indicated a further slowdown in services industry growth and services inflation.
Looking ahead, the upcoming week will see the release of earnings reports from tech giants, starting with Tesla today and followed by Meta, Microsoft, and Alphabet throughout the week.
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