As we head towards May, next week’s focus will turn to central banks again, with the , , and all announcing their latest decisions on rates.
Earnings season will also be closely monitored over the week ahead, with 173 of the companies reporting, including several big names.
And on the data side, the first peek at Q1 for the US and the Euro Area will provide investors the dreaded reality check to the extent of the initial drops in output, while PMI releases and the weekly will be carefully analyzed for more recent developments as the data becomes more time accurate.
The Federal Reserve
The event is expected to be little more than a status report while providing an update on the Fed’s actions to date and the committee’s evolving views about the economic outlook.
The European Central Bank
The ECB has turned on the taps, similar to the Fed, albeit with a more lukewarm reception to its €750bn Pandemic Emergency Purchase Programme, but there have also been temporary…