October 4, 2024

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Spotlight On CPI Report, AI Tech Events And Major Bank Earnings

5 min read
Spotlight On CPI Report, AI Tech Events And Major Bank Earnings

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The release of the U.S. inflation report for March will keep interest rates at the top of mind for investors. Economists forecast a 0.3% month-over-month increase in CPI and a 3.5% year-over-year rise. BNP Paribas thinks moderating shelter inflation could help generate confidence that the FOMC will begin cutting rates in June, while relatively sturdy non-shelter services inflation is seen as posing a risk that overall inflation remains more resilient and the Fed starts its cutting cycle later than June. Seeking Alpha Investing Group Leader Chris Lau previewed that unless CPI rises significantly, it is immaterial in changing the Federal Reserve’s dovish position.

The tail end of the week includes the first flurry of major earnings reports, with JPMorgan Chase (JPM), Wells Fargo (WFC), BlackRock (BLK), and Citigroup (C) all due to spill numbers. Analysts have noted that investment banking came back strong in Q1, with high yield issuance, leveraged loan syndications, and equity underwriting volumes all at their highest levels since Q4 of 2021, but corporate loan demand has been weak. Delta Air Lines (DAL) and Constellation Brands (STZ) also report earnings next week. In the tech sector, AI enthusiasm could be recharged, with Intel (INTC), Google (GOOGL), and Marvell Technology (NASDAQ:MRVL) all holding events that are promised to cover AI use cases and capabilities.


Earnings spotlight: Monday, April 8 – Lotus Technology (LOT). See the full earnings calendar.

Earnings spotlight: Tuesday, April 9 – Neogen (NEOG), PriceSmart (PSMT), and Tilray Brands (TLRY). See the full earnings calendar.

Earnings spotlight: Wednesday, April 10DALAPLDRENTSee the full earnings calendar

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