Week Ahead - Apr 27th

The potential for an agreement between Iran and the US or concessions to restore trade ahead potential talks will continue to dictate the global economy as the conflict enters its eighth week. Attention will also be on US tech giants, set to update their views on AI spending guidance that has underpinned global stocks. The busiest week in this earnings season will host results from Microsoft, Amazon, Apple, Alphabet, and Meta, in addition to major global players in energy production, pharmaceuticals, mining, and fast-moving consumer goods. Also, the Fed will set interest rates in what is likely to be Jerome Powell’s last meeting as Chairman. Policy decisions will also take place from the ECB, BoE, and BoJ. On the data front, Q1 GDP is due from the US and the Euro Area. Also, inflation reports are due from the Euro Area and Australia. In China, the focus will be on the National People’s Congress Standing Committee, while markets await for results from official and industry PMIs.