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

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: https://www.timeanddate.com/time/map/

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