Global Markets ended last week on a mixed note. This week, Investors and traders should shift their emphasis from economic data to the Q1 earnings season and the comments from the FED policymakers. The companies scheduled to release their last quarter financial results this week will be Bank of America, Morgan Stanley, Goldman Sachs, Tesla and Netflix.
Wall Street's Q1 2023 earnings season kicks off this week. Now all eyes are on Big Bank's earnings results. Investors and traders across the globe anxiously wait for the bank's last quarter financial results and projections after the collapse of two big US regional banks.
Global Markets have started the week off quietly because the markets in the UK and Europe remained closed on Monday to mark the Easter Holiday. However, the volatility is expected to pick up later this week due to high-impact economic events like US CPI and FOMC meeting minutes.
Crude oil futures kicked off the second quarter of 2023 on a brighter note boosted by the surprise announcement by OPEC+ to cut production of more than 1 million barrels a day from May until the end of the year.
Global markets start the new week on a positive note after OPEC+ unexpectedly announced crude output cuts. The first week of a new month is expected to be a busy one, with the main focus on the highly anticipated US nonfarm payroll data for March, which will offer a crucial guide to the interest rate outlook.