Week Ahead with Fed Clues, Earnings Reports, and Global Economic Updates

The activities planned for next week will draw in investors from all across the world. There is a lot to watch out for, including the presence of Federal Reserve officials, earnings reports, and the release of significant economic statistics. At the Thomas Laubach Research Conference, investors will closely follow the exchanges between Fed Chair Jerome Powell and former Chair Ben Bernanke. These conversations might offer insightful information on the Fed’s policy direction. Michael Barr, vice chair for supervision, will also provide testimony on supervision and regulation to the House and Senate.

NewsOTG gathered that attention will continue to be focused on the current debt ceiling crisis. Investors will keep a close eye out for any changes and any effects on the financial markets.
Next week, important data releases are anticipated. It is projected that retail sales will rise by 0.7% in April, possibly reversing the downward trend from the previous months. On the other hand, estimates for industrial production are predicted to remain unchanged. The number of new homes being built, existing home sales, business inventories, builder sentiment, and regional activity indices like the NY Empire State Manufacturing Index and Philadelphia Fed Manufacturing Index are some more economic data points.
While Brazil will provide retail sales data, Canada will publish data on inflation, retail trade, housing starts, and home prices. Updates from Europe: For the third straight month, the ZEW Indicator of Economic Sentiment, which measures economic sentiment in Germany, is predicted to drop. But for the fourth month in a row, consumer confidence may increase in the UK. A 7% spike in consumer inflation is likely to be confirmed by Euro Area inflation data. Germany’s producer prices are anticipated to decrease for the seventh time in a row. The numbers for industrial production in the Euro Area will also be watched by investors.

In Australia, the Reserve Bank meeting minutes will provide insight into the unexpected rate hike by the central bank. Important reports also include the April Kiwi balance of trade and labor statistics. For April, China’s industrial output, retail sales, fixed investment, housing costs, and unemployment rates will provide fresh information on the state of the Chinese economy. The first quarter of GDP in Japan will be the subject of attention; it is predicted to show a small expansion. India will also make its trade balance data available. Thailand will release its first-quarter GDP data, while the central bank of the Philippines will deliberate on its monetary policy. As these developments take place and affect the global economic landscape, prepare for a hectic week ahead.