This week’s trading notes include the Global Super Central Bank Week, the release of Manufacturing Purchasing Managers’ Index (PMI) data from various countries, and the Nvidia GTC conference. These events will have a significant impact on the global financial markets and the technology industry, making them worth close attention for investors.

By admin Mar 18, 2024

This week, several major central banks around the world are holding meetings, including the Federal Reserve, Bank of England, Bank of Japan, and Reserve Bank of Australia, with their decisions being closely watched. Additionally, several countries will release PMI preview data. In addition, inflation data from countries like the UK and Japan will provide insights into the latest price developments. Economic activity data from China for January to February will also be released, and the US will update key real estate market data.

Aside from economic data, Nvidia will hold its annual GTC conference from the 18th to the 21st, where CEO Jensen Huang will deliver a keynote speech titled “The #1 AI Summit for Developers.”

This week’s trading notes (03/17-03/23):

  1. Global Central Bank Interest Rate Decisions

The Federal Open Market Committee (FOMC) meeting on March 19th to 20th will be a focal point this week, with a focus on the Fed’s statements. It is expected that interest rates will remain unchanged. Fed Chair Powell previously mentioned that despite the higher-than-expected February Consumer Price Index (CPI), evidence of inflation moving towards the 2% target is not far off.

Ahead of the Bank of England meeting, inflation data for the UK will be released, followed by the latest retail sales data. Economists generally believe that the Bank of England is most likely to begin cutting rates in mid-2024.

In the Asia-Pacific region, attention will be on the Reserve Bank of Australia and the Bank of Japan. The Reserve Bank of Australia is expected to maintain its current stance while markets await further inflation data. Meanwhile, the Bank of Japan’s March meeting may be the last before the bank exits its negative interest rate policy regime, although reports also suggest action may be taken in March.

  1. Tracking Inflation through PMI Flash Data

The March PMI flash data for major economies like the US, Eurozone, UK, Japan, and Australia will be released this week. People will closely monitor the initial signs of economic conditions for the final month of the first quarter.

Recent PMI data showed an acceleration in global economic growth over the past four months, reflecting faster expansions in the US and UK economies, as well as a mild easing of economic contraction in the Eurozone. On the other hand, global service sector prices have remained elevated and accelerated in February.

For central banks, officials are particularly interested in seeing price pressures cooling off in the March PMI flash readings.

  1. Nvidia’s Annual AI Conference GTC

GTC, as one of Nvidia’s most significant release platforms each year, has become a recognized “AI barometer” in the industry and is being held offline for the first time in five years.

Amid the current AI wave, this year’s conference is drawing special attention, with investors hoping to gain further insights into the future prospects of AI development through this event.

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *