Will Global Data Reveal Economic Health Thursday? - MMMK 052024

Last week saw significant market activity with mixed inflation data: PPI showed high inflation, while CPI suggested stability. Major indices, including the S&P, NASDAQ, and Dow, hit record highs, with the Dow surpassing 40,000 for the first time. Oil prices remained steady, but gold and silver surged. The 10-year bond and dollar index declined, presenting varied trading opportunities.
The earnings calendar includes 471 companies, with key names like Palo Alto Networks, Macy's, and Nvidia, the latter expected to be a major market mover. Retail earnings might be impacted by last week's poor retail sales data.
Global manufacturing and services data will be released Thursday, starting with France and moving through Germany, the EU, England, and the US. These reports provide insights into economic health and market trends.
New Zealand's rate announcement on Tuesday is crucial for Forex traders, with a press conference by Reserve Bank Governor Adrian Orr potentially causing significant volatility in the New Zealand dollar.
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