May 16, 2022

Earnings season & flash PMIs get underway

Earnings season & flash PMIs get underway

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After the Easter weekend, traders are back to work for a short yet action-packed week ahead.

Investors are preparing for the next batch of companies, banks and tech names reporting earnings for their most recent quarter. Earnings will help assess the impact of the Ukraine war and a spike in inflation.

The IMF’s Spring meetings kick off later in the day. The Fund’s forecasts will offer another sense of how the war and COVID-19 curbs are knocking down the already weakened global economic outlook.

Economic data released on Monday showed that China’s economy slowed in March. At a time of heightened geopolitical risks, which have intensified supply and commodity cost pressures, dragging lockdowns in commercial centre Shanghai hurt the economy and rattled global supply chains.

In Europe, France is in the spotlight before this weekend’s second round Presidential election.

Also on the calendar for the week are flash PMIs providing the first indications of the economy in April, with insights into the health of major developed economies at the start of the second quarter, including the US, UK, Eurozone, Japan and Australia.

Did you spot your next trading opportunity?