This week ahead || 10 Apr - 14 Apr 2023
Here are some of the biggest news for the week ahead.
Inflation and bank earnings: What to know this week
First quarter earnings season will get underway in earnest this week with big banks reporting results on Friday as investors turn their attention slightly away from Fed policy and towards the state of play in corporate America.
Read about it here.
US Consumer Prices Are Seen Staying Firm, Testing the Fed
US inflation was largely unwavering in March, with economists projecting a monthly increase in consumer prices on par with advances seen over the previous half year that will test the Federal Reserve’s mettle.
Read about it here.
Canada's budget measures brighten funding prospects for critical miners
Canada's move to expand the investment tax credit for mining companies to align it with policies in the United States is accelerating funding talks for critical miners, company executives told Reuters.
Read about it here.
Saudi Arabia Targets Oil Sellers: What Traders Should Know
Oil prices rose this week after OPEC+ announced a surprise voluntary production cut on Sunday. Several reasons were given for the change, but according to Saudi energy minister Abdulaziz bin Salman, one of them was to make “the guys in the trading floors to be as jumpy as possible.” Apparently, short sellers prompted by the recent banking crisis were betting that oil prices would fall, and Saudi Arabia wanted “whoever gambles on this market [to] be ouching like hell.”
Read about it here.