Connect with us

Hi, what are you looking for?

Economy

Look ahead: NVIDIA; RBNZ interest rate decision; UK CPI; FOMC minutes

UK CPI in focus as the Bank of England is expected to cut rates ahead of the Fed, which also is due to release its latest minutes. Marks & Spencer reports full-year results.

Reserve Bank of New Zealand expected to keep rates on hold

In this “Look ahead” to 22 May, financial markets will focus on several crucial data points. New Zealand’s interest rate decision is expected to maintain the official cash rate at 5.5%, with a first easing anticipated in the fourth quarter. Key insights from Australia highlight a wait-and-see approach to inflation and consumer spending. In the UK, CPI data forecasts show a decrease, influencing trading in the forex market, notably GBP/USD. The US will reveal existing home sales, EIA crude oil inventories, and FOMC minutes, which could provide hints about future Fed rate cuts.

Earnings reports

Meanwhile, corporate earnings are due from major firms like NVIDIA, which has seen a significant 700% stock increase since October 2022, and others like Marks & Spencer and British Land in the UK.

This post appeared first on ig.com

You May Also Like

Investing

Newmont (NYSE: NEM) reported mixed financial results even as the price of gold approached its all-time high. In all, the company’s earnings per share...

Investing

Fisker (NYSE: FSR) stock price has been one of the best-performing electric vehicle (EV) stocks this week even as Tesla slumped. The shares jumped...

Investing

NatWest (LON: NWG) share price rose sharply, helped by the strong results from Barclays. The stock jumped to a high of 274.8p, which was...

Investing

The Fox Corporation (NASDAQ: FOX) stock price has been under pressure as investors come to terms with the abrupt firing of Tucker Carlson. The...




Disclaimer: Oldamericanbroker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the-company.


Copyright © 2024 Oldamericanbroker.com