MON 15 APR

•Earnings: CATL, Goldman Sachs.

•China is expected to keep its 1yr medium term lending facility unchanged at 2.50%.

•In the US retail sales, Empire Manufacturing and housing market data will be reported.

•In the US, the payment of federal income taxes is due.

TUE 16 APR

•Earnings: Bank of America, Morgan Stanley and Johnson&Johnson.

•China will report house price data, industrial production, GDP, retail sales and unemployment figures.

•Baidu will be holding its AI developer conference in Shenzhen.

•German Chancellor Scholz will be holding talks with President Xi in Beijing.

WED 17 APR

•Earnings: ASML and Abbott Labs.

•G7 foreign ministers will be meeting in Capri, Italy.

THU 18 APR

•Earnings : TSMC, Infosys, Bajaj Auto, Poscoand Blackstone.

•Overnight the Fed will be releasing its Beige Book of economic activity.

•In the US the Philly Fed index will be reported along with initial jobless claims.

FRI 19 APR

•Earnings: China Tower, P&G, Netflix and American Express.

•Japan will be reporting inflation figures.

VIX

- 3 months vs 1 month volatility as a tactical sentiment indicator, stocks are oversold below 1, stocks are over-bought above 1.25. Currently 1.05, approaching buy level.

IRAN

Iran crude production remains stable.

US INFLATION

US CPI on course to be 4-5% by Nov US election.

(source:Bloomberg)

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