This week, investors will be closely watching several key events and releases that could impact the markets. Here are some of the most important things to keep an eye on:
Earnings Reports: While it’s unlikely we’ll see another blockbuster like Nvidia’s (NASDAQ:NVDA) last week, there are still several important earnings reports to watch. Lowe’s (NYSE:LOW) will report on Tuesday morning, providing insights into the health of the home improvement sector. TJX Companies (NYSE:TJX) and Salesforce (NASDAQ:CRM) will report on Wednesday, offering insights into the retail and business software sectors respectively. Anheuser-Busch (NYSE:BUD) will report on Thursday, following recent efforts to revamp its brand.
Consumer Confidence: The CB Consumer Confidence survey, due out on Tuesday, will give an indication of how households view the economy. A strong reading could raise concerns about potential interest rate hikes, while a weak reading could signal a possible rate cut.
Preliminary GDP: While not as impactful as the Advanced reading, the Preliminary GDP reading is still important. A strong reading could pressure the Fed to take action to cool the economy, while a weaker reading could be seen as positive.
Core PCE: With inflation on the rise, the Core PCE release could be volatile. A higher-than-expected reading could pressure both the markets and the Fed, while a lower-than-expected reading could lead to a market rally.
G20 Meetings: The G20 meetings on Wednesday and Thursday could also impact the markets. While the meetings themselves are closed-door, any news from them regarding interest rates could lead to volatility.
Overall, it promises to be an eventful week in the markets, with plenty of potential for movement based on these key events and releases.
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