Upbeat music plays.
[Screen shows “Weekly Market Outlook with Jeffrey Kleintop”]
[Jeff holds up an illustration of two hands grasping]
Following US-China trade talks over the weekend, this week features US President Trump’s trip to the Middle East, the US inflation report and earnings from Walmart. I’m Jeff Kleintop what you need to know for the week ahead.
This past weekend, US Treasury Secretary Bessent and US Trade Representative Greer were in Switzerland for talks with China seeking to de-escalate a trade war that’s been the driver of much of the market’s moves this year. And, starting on Tuesday, President Trump visits Saudi Arabia, Qatar and the United Arab Emirates as he seeks to solidify planned investments in the US economy.
And on Tuesday, the US consumer price index for April
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may show the pace of inflation was stable with core CPI rising about 2.8% from a year ago, the same as in March. A hotter number would give the Fed even more reason to remain on pause and avoid cutting rates in line with other major central banks.
Now on Thursday, we get first quarter GDP for the UK.
[Jeff holds up an illustration of the British flag]
The figures are likely to show that the economy made a strong start to the year, as seen elsewhere in Europe and unlike the U.S.
Now after 90% of the companies in the S&P 500 have reported earnings for Q1,
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on Thursday we get earnings from Walmart. Shifting attention though to Europe, earnings are coming in
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the best relative to expectations in years. Of the 149 companies in the Europe STOXX 600 Index, they have reported earnings to date for Q1, 58% reported results exceeding estimates, that’s 4 percentage points more than is typical, according to data from earnings tracker LSEG. In Europe, 41 companies are due to report this week including insurers, one of Europe’s best-performing industries in 2025 amid the tariff chaos due to the limited direct impact of tariffs on their businesses.
[Jeff holds up sign saying "Thank You"]
Thanks for watching.
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