17.04.202617:26:17UTC+00Week Ahead - Apr 20th

The prospect of a potential agreement between Iran and the United States to end their conflict will remain a key driver of market dynamics and a major influence on the global economic outlook. Recent signals from both sides have been encouraging, raising hopes for a possible resolution.

Corporate earnings will also be in focus, with key reports due from Tesla, Intel, UnitedHealth, American Express, and Procter & Gamble. On the data front, retail sales will be closely watched, while the S&P Global PMI readings will be a highlight.

In terms of US monetary policy, Federal Reserve Chair nominee Kevin Warsh is scheduled to testify before Congress, marking his first public remarks in this role.

In Europe, PMI releases and various sentiment indicators will provide further insight into how the economy is adjusting to rising energy prices. The UK faces a busy week, with inflation data and retail sales figures due.

In Asia, the People’s Bank of China will announce its latest loan prime rates, while Japan will publish trade data and inflation figures, and—together with India and Australia—release updated PMI surveys.