By ForexTime
However, we could see that tally reach 12 very soon (hint: the “answer” lies towards the end of this article).
In assessing the various stock indexes around the world, obviously not all are created equal.
Broadly speaking, there are the outperformers:
Free Reports:
At the other end of the spectrum, there are others that are clearly lagging behind their peers, with more conservative year-to-date gains:
Wall Street banking giant, Goldman Sachs, is the 3rd-largest member of the US30 stock index.
Goldman Sachs alone accounts for 6.8% of the Dow!
And at the time of writing, markets predict that Goldman Sachs’s share prices could move 3.4%, either up or down, once US stock markets reopen after the bank has released its earnings.
Hence, the market’s reaction to Goldman Sachs’s earnings could have a large impact on the US30’s performance.
The world’s second-largest economy is due to release its 1Q GDP data, alongside last month’s performance for industrial production, retail sales, retail sales, and property investment.
Essentially, this coming Tuesday …
Investors and traders are about to be hit with a lot of information on how the Chinese economy is faring right now.
Note that the CN50 index’s performance is very much tied to the overall health of the Chinese economy.
After all, stocks within the financial, consumer staples, and industrials sectors combine to account for two-thirds (67.8%) of the entire CN50 index.
Hence, no surprise that the CN50 has lagged, given the economic challenges that China’s currently facing.
Economists predict that the March UK CPI rose by:
Recall that the UK100 index has an inverse relationship with the British Pound (GBP).
This inverse relationship has been particularly evident over the past month:
The primary reason for the price moves in the above chart (GBPUSD vs. UK100) is because …
Markets are now betting that the Bank of England’s (BOE) interest rate CUTS will be brought forward.
Such revised expectations have dragged GBPUSD to its year-to-date low closer to 1.2500, while the UK100 has made multiple breaches of the psychologically-important 8,000 mark.
At the time of writing (Friday, April 12th) …
The UK100 index is less than 0.2% below its all-time intraday high of 8051.7, registered on February 16th, 2023.
If things go the UK100’s way either later today, or in the Week Ahead …
Then we’d see 12 of FXTM’s stock indices having notched fresh record highs so far this year!
For further consideration, here’s a more comprehensive list of scheduled events that could move various asset classes over the coming week:
Monday, April 15
Tuesday, April 16
Wednesday, April 17
Thursday, April 18
Friday, April 19
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