April 30, 2024
May 2024 EVENTS
ISM Manufacturing PMI previous print was 50.3. The number was higher than the expected 48.5.
Possible influence: Volatile US Dollar, Gold and US Stocks
The US Federal Open Market Committee of the U.S Federal Reserve will conclude its 2-day meeting to decide on interest rates. The current rate is 5.5%. Analysts expect the rate to remain unchanged at this meeting.
Possible Influence: Volatile US Dollar, Stocks, and Commodities
The previous month had unemployment at 3.8%. Nonfarm Payrolls for the previous month printed 303,000.
Possible Influence: Volatile US Dollar, Gold and US Stocks
The RBA will meet to decide on interest rates. The current rate is 4.35%.
Possible Influence: Volatile Australian Dollar
The Monetary Policy Committee of the Bank of England will meet to decide on interest rates. The current rate is 5.25%. The rate was unchanged at the March 21st meeting and is expected to remain at the current rate this month.
Possible Influence: Volatile British Pound and British stocks
Core CPI (excluding food and energy) was 3.8%, Year-over-Year in March. Top-line CPI for February came in at 3.5%, above the expected 3.4%.
Possible Influence: Volatile US Dollar, Gold and US Stocks
Retail Sales grew by 0.7%, Month-over-Month, in March, which was higher than expected by the market.
Possible Influence: Volatile US Dollar, Gold and US Stocks
The 1st Quarter earnings season continues in May with remaining major companies set to post their results.
Palantir will declare earnings on May 6th. Reddit, Walt Disney and Virgin Galactic will post results on May 7th. Chipmakers ARM and NVIDIA will reveal results on May 8th and May 22nd respectively. Alibaba will declare its results on May 17th (est).
Possible Influence: Volatile US Stocks