Weekly Outlook
Weekly Outlook
What happened this week?
United States
– Wall Street ended the previous week at an all-time high, driven by strong tech sector earnings. The S&P 500 gained ground, supported by robust profits from NVIDIA and Tesla, among others.
– Inflation remained in focus as the latest PCE price index (the Fed’s preferred inflation gauge) showed a stickier core inflation than expected.
– The labor market remained solid, but slight cracks in employment are giving the Fed room to hold rates steady at their current levels, with expectations of future cuts later in 2026.
Eurozone
– The European Central Bank signaled readiness for further rate cuts, while core inflation in March stood at 2.3% (down from 2.4% the previous month).
– Industrial production in the Eurozone saw a slight rebound, while exports stabilized.
– The Euro key interest rate remains in a supportive phase for the local economy following recent easing, counteracting weak consumer spending.
Germany
– The DAX Performance Index recorded a significant gain of 2.27%, driven by recoveries in the automotive and industrial sectors.
– The German government and industry express cautious optimism for the second quarter, driven by falling energy costs and a slight revival in export demand.
United Kingdom
– UK GDP grew steadily with signs of an economic recovery, driven by stabilization in the services sector.
– The Bank of England is under observation regarding whether rate cuts are imminent in the second quarter due to the slight easing in inflation (2.3% Shop Price Inflation).
Japan
– The Yen stabilized slightly against the Dollar but continued to trade weak (158.94), which aided Japan’s export-oriented economy.
– The Bank of Japan maintains its moderate monetary policy normalization, while inflation continues to slightly exceed the 2% target.
China
– Signs of economic stabilization through targeted government stimulus packages and investments in the real estate sector.
– Stronger domestic demand fostered a recovery in retail sales during the first quarter.
Australia
– The Australian economy benefited from high commodity prices, while experts critically observe the inflation trend.
– However, weak wage growth and high household debt continue to weigh on consumer sentiment.
Global
– Commodities showed strong performance, led by Crude Oil (+5.95%) and Gold (+3.30%), driven by geopolitical tensions and inflation hedging.
– Bitcoin also surged, trading above 74,000 USD (+0.74%), supported by steady institutional inflows.
– Anticipation is growing worldwide for a strong earnings season from Big Tech companies in the first quarter of 2026.
This week’s market movers
Forex
– EUR/USD: -0.04% (1.18)
– GBP/USD: -0.07% (1.35)
– USD/JPY: +0.22% (158.94)
Commodities
– Crude Oil WTI: +5.95% (87.50 USD)
– Gold: +3.30% (48.18 USD)
– Silver: +3.35% (73.63 USD)
Indices
– DAX (GDAXI): +2.27%
– NASDAQ (IXIC): +1.52%
– S&P 500 (GSPC): +1.20%
Stocks – Tops
– Blaize Holdings, Inc. (BZAI): +45.66%
– Critical Metals Corp. (CRML): +35.49%
– Lifezone Metals Limited (LZM): +33.33%
– InflaRx N.V. (IFRX): +32.50%
– Maase Inc. (MAAS): +31.55%
– Repay Holdings Corporation (RPAY): +29.25%
– Lakeland Industries, Inc. (LAKE): +25.56%
– SCHMID Group N.V. (SHMD): +24.55%
– Nkarta, Inc. (NKTX): +23.93%
– Candel Therapeutics, Inc. (CADL): +23.45%
Stocks – Flops
– Julong Holding Limited (JLHL): -34.67%
– Badger Meter, Inc. (BMI): -24.13%
– Greenland Energy Company (GLND): -23.37%
– Syntec Optics Holdings, Inc. (OPTX): -17.65%
– Merlin, Inc. (MRLN): -15.60%
– Eightco Holdings Inc. (ORBS): -14.52%
– MicroSectors U.S. Big Oil 3 Leveraged ETN (NRGU): -14.31%
– AleAnna, Inc. (ANNA): -13.33%
– PBF Energy Inc. (PBF): -12.83%
– Swarmer, Inc (SWMR): -12.48%
Key events ahead
Tuesday, April 21
08:30 – United States – ADP Weekly Employment change
10:00 – United States – Retail Sales
Wednesday, April 22
02:00 – Japan – Bank of Japan Monetary Policy Meeting
08:30 – United Kingdom – CPI y/y
Thursday, April 23
08:30 – Eurozone – Flash Manufacturing PMI
08:30 – United States – Flash Manufacturing PMI
Friday, April 24
10:00 – United States – Michigan Sentiment Final (April)
Key earnings to watch
Monday
Zions Bancorporation, Cleveland-Cliffs, ServisFirst Bancshares, Bank of Hawaii, Dynex Capital, Capital City Bank Group
Tuesday
GE Aerospace, UnitedHealth Group, RTX Corporation, Intuitive Surgical, Interactive Brokers Group, Danaher Corporation, Capital One Financial, Northrop Grumman, 3M Company, D.R. Horton, MSCI Inc., Halliburton, Northern Trust, Steel Dynamics
Wednesday
Tesla, Lam Research, GE Vernova, Philip Morris International, IBM, Texas Instruments, AT&T, The Boeing Company, Chubb Limited, Vertiv Holdings, CME Group, ServiceNow, Boston Scientific, Moody’s, CSX Corporation, TE Connectivity
Thursday
Intel Corporation, American Express, Thermo Fisher Scientific, NextEra Energy, Blackstone, Union Pacific, Honeywell, Lockheed Martin, Newmont, Comcast, Freeport-McMoRan, Digital Realty Trust, Nasdaq, United Rentals, Edwards Lifesciences, CBRE Group
Friday
SLB, Procter & Gamble, Charter Communications, Norfolk Southern
Source and Copyright: Traders’ Leadership Council, 2026.
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