In addition to important US price data, investors will be focusing in particular on the quarterly figures of AI chip manufacturer NVIDIA in the coming trading days. Trump's tariff plans and developments in the Ukraine-Russia conflict are also likely to remain topics of discussion.
Dow Jones Industrial Average Index
Source: TradingView
Trump's tariff policy likely to remain a talking point - further punitive tariffs possible
The through Donald Trump The tariff conflict initiated between the USA and major economies is likely to continue to concern investors. Last week, Trump announced his intention to impose new tariffs on timber and forestry products in the near future. More recently, the US president held out the prospect of import tariffs on cars, semiconductors and pharmaceuticals.
Investors bet on progress in the peace talks in the Ukraine-Russia conflict
Developments regarding Ukraine and Russia are also likely to be of interest. According to Trump, his administration is close to reaching an agreement with Kiev regarding the sharing of revenues from Ukrainian natural resources. Investors continue to bet on an early end to the war. The relief over progress in the peace talks could tend to benefit the global equity markets.
Fed representatives have their say in the first week - Important US data to be published on Thursday
Even though the economic calendar is likely to be quiet in the first half of the week, investors should keep an eye on various speeches by Fed representatives, as was the case last trading week. On Tuesday, for example, member Michael Barr (Fed Vice Chairman/ 5:45 pm) and Lorie Logan (Dallas/ 10:15 pm) will have their say.
On Wednesday, the focus will be on a speech by Raphael Bostic (Atlanta) (18:00).
Various stimuli await market participants on Thursday. At 14:30, for example, the core personal consumption expenditures, the weekly initial claims for US unemployment benefits and the new orders for durable goods will be published.
A second estimate of US gross domestic product growth rates for the United States should be particularly exciting.
In the afternoon, further speeches will be given by Michael Barr (4:00 p.m.), Michelle Bowman (5:45 p.m.), Beth Hammack (Cleveland/ 7:15 p.m.) and Patrick Harker (Philadelphia/ 9:15 p.m.).
US price data come into focus on Friday - NVIDIA figures could decide the weal and woe
One of the week's highlights is likely to be the publication of the PCE deflator for personal consumption expenditure (14:30), which could provide important inflation signals and thus influence US monetary policy.
In the current reporting season, attention will be focused on AMC Entertainment on Tuesday and NVIDIA in particular in the middle of the week. The chip manufacturer's figures are likely to attract global attention and thus provide important impetus for the markets.
NVIDIA
Source: TradingView
