Finally, the most awaited May Federal Reserve FOMC policy meeting decision is due to release today. The meeting outcome could bring extra volatility to the global markets. The FED is expected to hike its benchmark federal funds rate by 50 basis points for the first time since 2000.
The leading semiconductor company Advanced Micro Devices (NASDAQ: AMD) is scheduled to report its first-quarter 2022 earnings on Tuesday, May 3, after the market close. The company is expected to post quarterly earnings of $0.91 per share and revenues are expected to be $5.5 billion.
Shares of software giant Microsoft (NASDAQ: MSFT) jumped more than 6% in extended trading on Tuesday after the company reported better-than-expected last quarter earnings results on Tuesday, after the market close. The strong last quarter financial results were driven by demand for cloud computing services.
Shares of the social media giant Twitter (NYSE: TWTR) surged another 6% on Monday after billionaire Elon Musk struck a deal to buy Twitter Inc for $44 billion cash on Monday. Under the deal, Twitter stockholders will receive $54.20 cash for each common stock.
France, Eurozone, and the UK reported better-than-expected manufacturing PMI data on Friday. Moving ahead to the North American session, the US will release the latest manufacturing PMI numbers.