Market News

The main attractions for this week are Wednesday’s US CPI print, which could trigger volatility in the market. On the other hand, investors will be looking ahead to appearances by a number of Federal Reserve policymakers this week after the Fed has increased interest rates by 25bps as anticipated by market experts.

Uber stock exploded more than 14% this week after the US ride-sharing giant beat Wall Street's consensus estimates for both first-quarter earnings and revenue. Now focus shifts to Uber’s top competitor in the ride-sharing market Lyft's last quarter earnings announcement.

The world’s major central banks, the US Federal Reserve, European Central Bank, and Reserve Bank of Australia all meeting this week and news arising from it will dominate the week’s investor sentiment. It will also be an idea to keep a lookout for the US monthly jobs report. The BLS will release the employment report for April on Friday.

Global markets made slim gains on Monday as investors remain concerned about the prospect of further monetary tightening. Moving ahead, the first quarter earnings season is expected to be strong with sectors such as tech, social media and airlines likely to report the latest financial results.

“India has such a beautiful culture and an incredible energy, and we’re excited to build on our long-standing history,” Apple CEO. Tim Cook. Tim Cook inaugurated Apple's first retail store in India on Tuesday and a second Apple store in India is set to open in the capital New Delhi on Thursday.