Upbeat music plays.
[Screen shows “Weekly Market Outlook with Jeffrey Kleintop”]
[Jeff holds up an illustration of a factory with smokestacks]
From the latest reading on first quarter economic growth, to a key report on U.S. inflation and earnings from Tesla rival BYD, I’m Jeff Kleintop with what you need to know about the week ahead.
On Monday we get the latest reading on how the world’s biggest economies are faring as the first quarter winds down and tariffs loom large with the preliminary March Purchasing Managers Indexes for the U.S., Japan, India, the United Kingdom, Germany, France, and the Eurozone. The Eurozone PMI survey for March will provide a sense of the hit to activity from the rise in uncertainty created by U.S. tariff threats. The PMI composite reading was unchanged in February relative to January at 50.2, the average for those two months of 50.2 is above that for October to December of 49.3, suggesting the Eurozone economy is improving in 1Q, even as the U.S. economy appears to be slowing down. Economists are expecting a rise to 50.7 in March.
Now China’s stock market is one of the best performing in the world this year
[Jeff holds up an illustration of a dragon labelled “China”]
and on Monday we get earnings from a big driver of those gains: BYD, whose stock has soared nearly 50% this year even as Tesla has fallen nearly 40%. BYD has surpassed Tesla as the world's largest electric vehicle maker last year. The carmaker’s recently revealed lineups of EVs can charge nearly as fast as the time it takes to refuel a regular car so we will be watching those results closely.
On Tuesday, we get a key measure of U.S. consumer confidence.
[Jeff holds up an illustration of a shopping bag labelled “Consumer Confidence”]
The Conference Board's consumer confidence index likely fell in March, if sagging sentiment in the University of Michigan's preliminary March survey is a guide.
And then on Friday, the February U.S. personal income
[Jeff holds up an illustration of credit cards]
and spending report will offer fresh insights into consumption and the core PCE price index, an inflation measure closely watched by the Fed. Monthly core PCE inflation likely rose to 0.35% in February, double the pace consistent with the Fed's 2% target.
Thanks for watching.
[Jeff holds up sign saying "Thank You"]
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