Global markets ended last week on a positive note as prospects of slowing economic growth fanned hopes that global central banks may go slow on interest rate hikes. On Friday, the latest PCE inflation data showed the Federal Reserve’s preferred inflation gauge eased further in December, marking its smallest annual rise since October 2021.
Moving ahead, markets are expected to be volatile this week, with investors closely watching economic data and global events. The inventors are anxiously awaiting Wednesday’s decision by the Federal Reserve on interest rates along with ECB and BOE decisions on Thursday. On the other hand, investors should also closely monitor the release of the US jobs report on Friday. The upcoming data on the jobs market could help investors determine how the Federal Reserve will move ahead with its interest rate policy
On the earnings front, the companies scheduled to release their last quarter financial results this week will be Apple, Microsoft, Alphabet, Ford, Snap, Starbucks and Meta.
Check out the detailed weekly analysis here - https://gulfbrokers.com/en/weekly-review-gold-usd-eurusd-and-dow-jones-65