Monday Market Must-Knows: May 6, 2024
Last week's session saw significant earnings reports from Amazon and Apple, with Apple's report notably propelling market gains on Thursday and Friday. The FOMC statement also contributed to the rally.
This week, attention turns to central bank announcements, including the Reserve Bank of Australia and the Bank of England.
Additionally, a plethora of earnings releases is expected, totaling 1,913 companies reporting. Notable names include Vertex Pharmaceuticals, Disney, Uber, Airbnb, and BYD Motors.
Market sentiment regarding interest rates is shifting, with expectations for fewer rate cuts than previously anticipated.
The CME Group's data indicates market expectations of one to two rate cuts by the end of the year, reflecting a changing outlook from earlier expectations of up to eight cuts.
It's crucial to monitor central bank actions and market reactions as these factors continue to shape investment strategies.
As always, if you’re in the markets, make sure you have a trade plan. Join us for a FREE introductory class. Learn about tools & rules for trading with confidence-so you can stay one step ahead of market volatility. Stay Informed, Start Knowing Today!
This week, attention turns to central bank announcements, including the Reserve Bank of Australia and the Bank of England.
Additionally, a plethora of earnings releases is expected, totaling 1,913 companies reporting. Notable names include Vertex Pharmaceuticals, Disney, Uber, Airbnb, and BYD Motors.
Market sentiment regarding interest rates is shifting, with expectations for fewer rate cuts than previously anticipated.
The CME Group's data indicates market expectations of one to two rate cuts by the end of the year, reflecting a changing outlook from earlier expectations of up to eight cuts.
It's crucial to monitor central bank actions and market reactions as these factors continue to shape investment strategies.
As always, if you’re in the markets, make sure you have a trade plan. Join us for a FREE introductory class. Learn about tools & rules for trading with confidence-so you can stay one step ahead of market volatility. Stay Informed, Start Knowing Today!