This week, significant global financial events take center stage. Major companies including Tesla (TSLA, Financial), Alphabet (GOOGL), Intel (INTC), and Texas Instruments (TXN) are set to release their earnings reports, which will provide insights into AI demand, cloud services capital expenditure, and the impact of tariffs. Boeing (BA) will also disclose its financials amid ongoing concerns about its aircraft orders in China.
In addition to corporate earnings, key economic indicators are expected. The United States, Eurozone, and the UK will release their preliminary Purchasing Managers' Index (PMI) data for April. Analysts are particularly focused on the U.S. manufacturing input prices index, which may reflect tariff impacts on costs. Eurozone's new export orders will be observed for signs of weak demand.
The Federal Reserve's Beige Book will be published, providing a detailed regional economic survey. Fed Chair Jerome Powell recently highlighted potential inflation risks from tariff policies, which may complicate the Fed's policy objectives. Meanwhile, recent remarks from President Trump about Powell have raised concerns about the Fed's independence amid political pressures.
