Economic Calendar, Alibaba, BBG and Asian Stock Market News

👋 Good morning, dear traders! Let’s discuss the most exciting news for the beginning of the week.

Economic Calendar, Alibaba, BBG and Asian Stock Market News

Economic Calendar, Alibaba, BBG, XAUUSD, USDJPY, and Asian Stock Market News:


📰 Market News

🛍️ Alibaba’s cloud business expansion and its aspirations to lead AI investment in China see Alibaba shares consolidating at 80.02.

🛢️ A notable correlation between oil (XBRUSD) and gold (XAUUSD) suggests a potential bottom forming for oil, with XBRUSD dropping to 82.45.

🇪🇺 Experts surveyed by BBG anticipate the Eurozone’s economic rebound to exceed earlier forecasts this year. Germany’s recovery is a significant driver.

📈 Asian stock markets climb on news of China’s plan to issue ultra-long bonds worth $138 billion, pushing HK50 to 19100.

🇯🇵 A weak yen deters investors from Japanese stocks. BOJ’s reduced bond purchases contribute to market uncertainty. USDJPY holds steady at 155.87.

⚙️ Optimistic Q1 results from nearly 90% of S&P 500 companies prompt Wall Street to raise Q2 profit forecasts, propelling US500 to 5231.

📆 Economic calendar

Times are in GMT+3. Adjust for your time zone here:

Monday 1️⃣ USD 16:00, Fed’s Jefferson speech


Tuesday 1️⃣ GBP 09:00, Claimant Count Change 2️⃣ USD 15:30, Core PPI m/m

3️⃣ USD 15:30, PPI m/m 4️⃣ USD 17:00, Fed Chair Powell Speaks


Wednesday 1️⃣ AUD 04:30, Wage Price Index q/q 2️⃣ USD 15:30, Core CPI 3️⃣ USD 15:30, Empire State Manufacturing Index 4️⃣ USD 15:30, Retail Sales


Thursday 1️⃣ AUD 04:30, Employment Change 2️⃣ AUD 04:30, Unemployment Rate 3️⃣ USD 15:30, Unemployment Claims


Friday 1️⃣ CNY 17:00, Industrial Production 2️⃣ CNY 17:00, Retail Sales

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