After Easter gave the financial markets a brief break from the trade war shock, they will head into further turbulence as the corporate earnings season picks up speed next week. Among the biggest names reporting their figures are Tesla, Boeing, Alphabet and Intel, with a packed schedule from Tuesday until the end of the week.
Trump administration officials will hold two new rounds of talks with Iran in Oman on Wednesday and Saturday, hoping to inch closer to a nuclear deal. The US is also likely to continue negotiations on tariffs with its various trade partners. In Ukraine, President Volodymyr Zelensky again proposed a 30-day partial ceasefire with Russia as Trump threatened to abandon the peace process. It remains to be seen whether the Kremlin will address the proposal.
Finally, major data releases next week include the Eurozone consumer confidence reading on Tuesday, a slew of April PMI reports for major economies on Wednesday, and the Michigan consumer sentiment index in the US on Friday. The People's Bank of China will also publish its interest rate decision on Monday.
