Next week's macro outlook | "Super Central Bank Week" approaches, Powell holds a press conference

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Deep Tide TechFlow News, on April 26, investors have been closely watching the developments in the Middle East over the past week. Due to frequent changes in the news stream, along with the highly anticipated meeting between the United States and Iran representatives failing to take place, and multiple remarks by U.S. President Trump, the market’s risk appetite has swung back and forth. It is worth noting that the United States’ major stock indexes still successfully hit record highs. However, the market is not entirely bullish, as conflicts could flare up again at any time. Here are the key points the market will focus on in the new week:

Monday 22:30, the U.S. April Dallas Fed Business Activity Index;

Tuesday 20:15, the U.S. weekly ADP employment change for the week ending April 11;

Tuesday 22:00, the U.S. April Conference Board Consumer Confidence Index and the U.S. April Richmond Fed Manufacturing Index;

Wednesday 04:30, the U.S. API weekly crude oil inventories for the week ending April 24;

Wednesday 22:30, the U.S. EIA weekly crude oil inventories for the week ending April 24, the U.S. EIA Oklahoma Cushing crude oil inventories for the week ending April 24, and the U.S. EIA strategic petroleum reserve inventories for the week ending April 24;

Thursday 02:00, the Federal Reserve FOMC interest rate decision;

Thursday 02:30, Federal Reserve Chair Powell holds a monetary policy press conference;

Thursday 20:30, U.S. weekly initial jobless claims for the week ending April 26, the U.S. March PCE price index, the U.S. March personal spending MoM, the U.S. Q1 labor cost index QoQ, the U.S. Q1 real GDP annualized QoQ (preliminary), the U.S. Q1 real personal consumption expenditures MoM (preliminary), and the U.S. Q1 core PCE price index annualized QoQ (preliminary);

Friday 21:45, the U.S. April S&P Global Manufacturing PMI final.

Some market observers believe that Powell’s press conference next Thursday will not only be his last, but also potentially the final regular Q&A session between the Federal Reserve’s top officials and reporters.

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