OptionsDesk broker Simon Hanouka joins Thomas Warner from Proactive London to talk about the week ahead, following some "concerning" GDP growth figures from China over the weekend.
Hanouka highlights the upcoming of US retail sales and year-on-year UK inflation data before turning his attention to some big earnings calls later in the week.
Tesla has seen a remarkable 130% increase in stock value so far this due to what Hanouka calls "AI-related hype around self-driving capabilities and strong vehicle delivery." The automotive multinational has cut prices for its vehicles, making this week's earnings data particularly intriguing.
On the other hand, Goldman Sachs has been having a more challenging period in the market as its revenue heavily relies on investment banking, with estimated earnings per share down almost 50% compared to the previous year.
The week ahead also includes important economic data releases, such as initial jobless claims and UK retail sales, both expected to be lower than previous figures.