Markets in Motion: PMIs, Profits & Precious Metals
- NexxtGen Markets
- 2 days ago
- 3 min read
Here's your latest update from the team at NexxtGen Markets here in the City of London 🇬🇧
As the week kicks off after a holiday-shortened stretch, investor focus pivots to a loaded calendar of corporate earnings and key economic data. With inflation, tariffs, and rate cut expectations swirling, it’s a crucial moment for direction across global asset classes.
🔍 Market Themes This Week
Mega Earnings on Deck 📈: All eyes are on the Magnificent Seven, especially Tesla, Alphabet, and Intel, as they gear up to report. Market mood will hinge on how these tech titans guide for the rest of the year.
PMI Data in Focus 💷💶💵: Purchasing Managers’ Index data from the UK, Europe, and the U.S. could trigger significant currency moves—especially in GBP, EUR, and USD.
Stagflation Fears Resurface ⚠️: With inflation staying hot and growth cooling, analysts are revisiting the dreaded 1970s playbook. Trump’s tariff plans could intensify price pressures while dampening demand.
🏦 Earnings to Watch: Big Tech, Big Banks, Big Questions
Tesla (TSLA) (Apr 22): Stock down 37% YTD. Markets seek clarity on robotaxis, EV price cuts, and demand in China. Q1 revenue likely flat; margins under pressure.
Alphabet (GOOGL) (Apr 24): Down 19% YTD. The focus? A $75B AI pivot, ad growth resilience, and competition from China’s DeepSeek.
Intel (INTC) (Apr 24): Investors await updates on AI chips, foundry business, and turnaround efforts.
Amazon (AMZN): Expecting strong Q1, but cloud and retail exposure to tariffs and recession risks are a concern.
Unilever (UL): CEO Fernandez is restructuring—job cuts and supply chain shifts amid global headwinds.
So far, 70% of early S&P 500 reporters have beaten expectations. However, forward guidance remains cautious—volatility could surge again.
💰 Macro Snapshot: What to Watch This Week
Tuesday: U.S. Consumer Confidence
Wednesday: Mortgage Market Index, New Home Sales
Thursday: Jobless Claims, Durable Goods, Existing Home Sales, Atlanta Fed GDPNow
Friday: UK Core Retail Sales, U.S. Michigan Sentiment & Inflation Expectations
🛢️ Commodities Corner
Gold: Hit a new high of $3,385/oz 🚀. Fears of stagflation and geopolitical uncertainty sent safe-haven demand soaring. Analysts now eye $3,500 as the next resistance.
Silver & Platinum: Both saw modest gains. Platinum is rising on industrial demand while silver rides the coattails of gold’s momentum.
Palladium: Dipped slightly, but still seen as a hedge amid energy and trade disruptions.
📉 Currency Check
GBP/USD: Bounced 0.64% to 1.3381 ahead of UK PMI and retail sales data. Rate divergence talk is creating opportunities for traders.
USD/JPY & EUR/USD: Mixed moves expected as central banks diverge on inflation responses. The dollar dipped to multi-month lows on policy uncertainty.
🚨 Stagflation Watch: What It Means for You
Stagflation—a mix of slowing growth and high inflation—might be making a comeback. Trump’s sweeping tariff regime could push costs higher while chilling demand. Consumers may see prices rise even as wages stagnate.
💡 Tips:
Avoid panic buying
Diversify portfolios
Rebalance towards inflation-proof assets like gold or value stocks
🔥 Top Market Movers
uniQure (QURE) ▲ +38.45%
Hertz (HTZ) ▲ +43.28%
Avis (CAR) ▲ +16.37%
Eli Lilly (LLY) ▲ +14.30%
📝 Final Takeaway
With economic uncertainty, trade wars, and central bank caution all in play, now is the time to stay nimble and data-driven. Tech earnings and PMI numbers could steer sentiment into next month—don’t miss a move.
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