OptionsDesk broker Rich Perry speaks to Thomas Warner from Proactive ahead of another blockbuster week in the world's markets. Perry gives an overview of the news the markets can expect during the week to come, highlighting interest rate decisions in the US and UK, as well as earnings from some of the major FTSE 100 constituents.
He says that the consensus in the market is that the US Federal Reserve and the Bank of England will both hold interest rates at their current level, but may add another small bump owing to unexpectedly strong growth in the US economy lately.
He also trails Apple's earnings expected later this week, pointing that the company's stock comprises 7% of the entire S&P500.
He concludes by saying that the plethora of economic data from the US, including non-farm payroll data on Friday, will ultimately prove to be the main determinant of whether this week turns out to be a turning point in the western world's battle against inflation.