This week’s key international financial events include: US Federal Reserve officials will speak on many occasions, the latest developments in Russia and Ukraine, manufacturing PMI, consumer confidence index and other economic data releases. Compared to the intense Fed schedule following the rate hike, there have been relatively few major economic data releases this week. In the enterprise segment, Nvidia’s upcoming investor day is in the spotlight.
This week’s trading notes (0320-0326)
1. Statement by a Fed official:
The Fed is busy next week with more than 10 public speeches or meetings, with Fed Chairman Jerome Powell due to speak at an economic conference on Monday and an international banking conference on Wednesday.
The focus of the market’s speech, in addition to the view on raising interest rates, will focus on the dynamics of the shrinking balance sheet.
However, Art Hogan, chief market strategist at National Securities, believes that expectations of the Fed’s first rate hike will hurt the market more than the actual rate hike itself, which has been fermenting since officials changed their attitude in December last year. Now, the uncertainty regarding the currency has been gradually clarified, which means that the influence of officials’ subsequent speeches will be lessened.
2. Russia/Ukraine situation
The situation in Russia and Ukraine is expected to remain the focus of news this week.
In addition, the development of the epidemic will also be watched, especially in China. Many cities in China have closed down, bringing more supply chain concerns. However, taking Shenzhen as an example, the restrictions on epidemic prevention have become more flexible, and the executives do not want to deal too much damage to factory production. In addition, the speed of transmission in Europe is also accelerating, which is another concern.
3. Corporate financial report:
High-profile companies reporting earnings this week include Nike (US-US), Adobe (ABDE-US), etc. Nike’s revenue this quarter is not optimistic, with an expected EPS of $1.54, but under the low expectations, CNBC’s Jim Cramer believes that they may be able to exceed this number and get Market recognition.
Nvidia(NVDA-US) has risen sharply in the past week, with an increase of nearly 20% for the whole week. Analysts are optimistic regarding the company’s opportunities in the Metaverse. Investors will have the opportunity to gain a clearer picture of the company’s plans and growth in its core markets at the next investor day, where analysts expect the company to release an updated roadmap.