Upbeat music plays.
[Screen shows “Weekly Market Outlook with Jeffrey Kleintop”]
[Jeff holds up an illustration of Spring Break]
From Italy’s Prime Minister meeting with US President Trump on tariffs, to central bank rate decisions in the Eurozone, Canada and Korea, data on Chinese GDP and major US bank earnings, I’m Jeff Kleintop with 90 seconds on what you need to know for the week ahead.
After a spring break from some of the tariffs was announced by President Trump last week, trade developments remain front and center, Chinese President Xi Jinping is expected to visit Vietnam, Malaysia and Cambodia in the coming days
[Jeff holds up an illustration of the word “Trade” with a line going up and down]
as Beijing looks to strengthen ties with regional partners. On Wednesday, China releases first-quarter GDP and March data amid mounting concerns over tariffs and the World Trade Organization releases global trade forecasts. And on Thursday, Italian Minister Meloni, Prime Minister Meloni, will discuss EU tariffs with President Trump at the White House.
[Jeff holds up an illustration of a target circle with “%” in the center]
It’s a big week for central banks. On Wednesday, we get the Bank of Canada’s rate decision. Most economists anticipate no change, though several others expect a quarter-point cut. Thursday is the European Central Bank rate decision. Economists say officials may ease again amid tariff turmoil. And on Thursday, the Bank of Korea’s rate decision will be formulated around tariff uncertainties as well.
[Jeff holds up an illustration of an “expectations” bar being ratcheted down
And, after analysts have been lowering their earnings forecasts in recent weeks, the earnings season begins its deluge with 33 major global companies scheduled to report and provide insight on their outlook amid tariff-related uncertainty. On Monday, Goldman Sachs reports earnings with Citigroup and Bank of America earnings on Tuesday. On Wednesday, we get semiconductor capital equipment maker ASML and on Thursday, chip maker TSMC for the latest read on the A.I. chip outlook. And at the end of the week, markets are closed in the U.S. on Good Friday.
[Jeff holds up sign saying "Thank You"]
Thanks for watching.
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