Week Ahead - Apr 20th

The potential for an agreement between Iran and the US to end their war will continue to dominate market movements and the outlook of the global economy, with promising signals from both sides recently hinting at a resolution. Corporate earnings results also remain in the spotlight with results due from Tesla, Intel, UnitedHealth, Amex, and P&G. For economic data, retail sales will be closely eyed, and the S&P PMI will be featured. Regarding US monetary policy, Fed Chair Nominee Warsh will testify before Congress in his first public speaking regarding the cargo. In Europe, PMIs and local sentiment indices will give more insights on how the economy adapts to surges in energy prices. A busy week in the UK will include the inflation rate and retail sales. In Asia, the PBoC will set its loan prime rates and Japan will unveil trade figures, inflation and join India and Australia in release PMI.