This week is set to be a momentous one for global financial markets. In particular, investors must pay attention to US GDP figures, Eurozone economic data, the Bank of Japan interest rate decision, and the release of earnings reports from numerous S&P firms, most notably the much-watched tech companies.

The US Q1 Gross Domestic Product (GDP) figures are set to be the main point of interest, with US consumers' confidence, the employment cost index (ECI) and core Personal Consumption Expenditures (PCE) also being released. Europe is due for Eurozone GDP and Consumer Price Index (CPI) figures for Germany and France, as well as sentiment gauges for the bloc. In Japan, the Bank of Japan (BoJ) interest rate decision, Tokyo CPI and other labor market, retail sales and industrial production indicators will be released.

Meanwhile, 178 S&P companies - including titans such as Microsoft, Alphabet, Amazon, and Meta - are set to report Q1 results. Industry watchers will be looking to Big Tech to see if AI has began to manifest itself on balance sheets.

The development of AI is generally seen as a key component of numerous aspects of future economies and many feel that Big Tech has begun a race to dominate the technology. Analysts will keep close attention to earnings reports to find out more about the current and future market position of the tech giants.

Overall, the current week is bound to be a deciding factor in shaping the global economy. US and Eurozone economic growth, the Bank of Japan's interest rate balance decision, and Big Tech Q1 earnings will be eagerly anticipated by investors. Whatever the outcome, these results will be crucial in helping the world understand the immediate financial future.



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