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Below the Quote on Coming Week's Market Report by Alex Volkov, Market Analyst at VT Markets

Last week, global financial markets saw a variety of movements, with US equity markets climbing thanks to strong earnings from tech giants like Tesla, Microsoft, and Alphabet.
These gains helped offset concerns from the US's lower-than-expected GDP growth for the first quarter of 2024 and higher inflation figures.
The US Durable Goods Orders showed a promising increase of 2.6% in March, exceeding analyst expectations. However, the US GDP growth did not meet the anticipated 2.5%, recording only a 1.6% increase quarter-over-quarter.
In Europe, the Eurozone Composite Flash PMI demonstrated its fastest growth in eleven months, reaching 51.4. Meanwhile, Australia's inflation cooled to 3.6% year-over-year in the first quarter, though this was still above what many had forecasted.

What Will Happen This Week?

In the upcoming week, several key economic events will unfold. China's manufacturing sector will be under the spotlight with the release of the NBS and Caixin Manufacturing PMIs, alongside first-quarter GDP data from Germany and the Eurozone. These indicators will provide insights into the pace of economic recovery in these regions, with particular attention on China's PMIs due to its global economic significance. Positive readings could bolster investor confidence, especially in manufacturing and export-dependent sectors, while contractions may raise concerns about global growth and supply chains. Additionally, the US will release its ISM Manufacturing PMI and JOLTS Job Openings, offering further clarity on the manufacturing sector and job market. Simultaneously, the Federal Open Market Committee (FOMC) will announce its interest rate decision, which is expected to remain unchanged amidst inflation worries. Any unexpected rate adjustments could impact the USD and stock prices accordingly. Finally, the US Non-Farm Payrolls data will be closely watched as an indicator of economic health, potentially influencing future Federal Reserve policy. Strong job growth may lead to monetary tightening, strengthening the USD and impacting bond yields, while weak growth could signal economic stagnation, affecting Treasury yields and the dollar. Market fluctuations are anticipated, with traders advised to closely monitor releases and central bank activities for insights into future monetary policies, particularly in the US.

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