Weekly Outlook
Weekly Outlook
What happened this week?
United States
– The Federal Reserve held interest rates at 4.75%, with 5 consecutive meetings without change.
– The market continues to expect a rate pause in future meetings.
– Tech stocks showed mixed results following recent earnings, with a spotlight on semiconductors.
– US ISM Services is expected on Monday.
– Macroeconomically, inflation concerns and the geopolitical situation remain in focus.
Eurozone
– The ECB held its key rate at 2.25%, having previously made 6 cuts.
– Forecasts suggest further potential rate cuts in the future.
– Economic indicators point to persistent growth weakness in parts of the Eurozone.
Germany
– The DAX closed strongly, recording a 1.41% increase on the last trading day.
– The macroeconomic environment remains tense due to global trade uncertainties.
United Kingdom
– The Bank of England held rates at 3.75% (8-1 vote decision).
– Inflation remains above the 2% target, driven by high energy prices.
– The next BoE decision is scheduled for Thursday, May 8, 2026.
Japan
– The Bank of Japan maintains a key rate of 1.00%, with a hawkish outlook.
– The Yen remains volatile, with potential interventions by the Ministry of Finance being monitored.
– JPY weakened slightly (-0.52% via ETF proxy).
China
– The economic recovery continues to be uneven.
– Trade balance figures are eagerly anticipated.
Australia
– The RBA held rates at 3.85%.
– The market sees a potential rate cut in the near future, but consensus points towards a hike to 4.35% at the upcoming meeting.
Global
– Central bank divergence is the major theme (Fed holds, ECB cuts, BoJ hikes).
– Geopolitical tensions continue to slightly impact energy prices (WTI Oil $101.64, Brent $108.10).
– Bitcoin reached over $80,000 ($80,346, +2.30%), Ethereum rose 2.90% to $2,389.
This week’s market movers
Forex
1. EUR/USD (1.17 / +0.07%)
2. GBP/USD (1.36 / +0.15%)
3. JPY=X (34.82 / -0.52%)
4. Bitcoin ($80,346 / +2.30%)
Commodities
1. Gold ($4,621 / -0.51%)
2. Silver ($75.98 / -0.58%)
3. WTI Crude Oil ($101.64 / -0.29%)
4. Brent Crude ($108.10 / -0.06%)
Indices
1. S&P 500 (7,230.12 / +0.29%)
2. NASDAQ (25,114.44 / +0.89%)
3. DAX (24,292.38 / +1.41%)
Equities – Tops
1. Esperion Therapeutics (ESPR) +55.50%
2. DMC Global (BOOM) +36.08%
3. Atomera (ATOM) +35.57%
4. Cerus Corporation (CERS) +33.99%
5. Atlassian (TEAM) +29.58%
6. Five9 (FIVN) +29.30%
7. 8×8 (EGHT) +27.08%
8. XCF Global (SAFX) +25.11%
9. Wolfspeed (WOLF) +24.65%
10. Xanadu Quantum Technologies (XNDU) +24.12%
Equities – Flops
1. Summit Therapeutics (SMMT) -24.91%
2. Senseonics Holdings (SENS) -22.84%
3. LendingTree (TREE) -21.74%
4. Insperity (NSP) -19.79%
5. Crescent Biopharma (CBIO) -19.22%
6. Roblox (RBLX) -18.32%
7. Cable One (CABO) -18.01%
8. Atmus Filtration Technologies (ATMU) -16.96%
9. Wabash National (WNC) -11.62%
10. Ryan Specialty Holdings (RYAN) -11.33%
Key events ahead
Monday, May 4:
15:45 – United States – ISM Services (PMI)
[Time TBD] – United States – Factory Orders / Forecast: +0.5%
Tuesday, May 5:
[Time TBD] – Australia – RBA Interest Rate Decision / Previous: 3.85% / Forecast: 4.35%
Wednesday, May 6:
[Time TBD] – United States – Trade Balance
[Time TBD] – Eurozone – Retail Sales
Thursday, May 7:
13:00 – United Kingdom – Bank of England Interest Rate Decision / Previous: 3.75% / Forecast: Hold at 3.75%
14:30 – United States – Initial Jobless Claims
Friday, May 8:
14:30 – United States – Average Hourly Earnings / Forecast: +0.3%
14:30 – United States – Non-Farm Payrolls / Forecast: +60k
14:30 – United States – Unemployment Rate / Forecast: 4.3%
Key earnings to watch
Monday, May 4:
– Palantir Technologies (PLTR)
– Vertex Pharmaceuticals (VRTX)
– ON Semiconductor (ON)
– Pinterest (PINS)
– BioMarin Pharmaceutical (BMRN)
Tuesday, May 5:
– Advanced Micro Devices (AMD)
– Shopify (SHOP)
– Pfizer (PFE)
– PayPal (PYPL)
– Electronic Arts (EA)
Wednesday, May 6:
– Coupang (CPNG)
– McKesson (MCK)
– Airbnb (ABNB)
Thursday, May 7:
– Datadog (DDOG)
– Cloudflare (NET)
– Block (SQ)
Friday, May 8:
– Enbridge (ENB)
– Honda Motor (HMC)
Source and Copyright: Traders’ Leadership Council, 2026.
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