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Japan’s Nikki 225 and Hong Kong’s Hang Seng have been like chalk and cheese coming out of the pandemic. As one surged, the other floundered. But the tide looks to be turning, and fast.

The health of the consumer will be in focus next week, with US inflation data, retail sales, and the start of retailers' earnings. Walmart and Home Deport will update the market. Meanwhile, Chinese e-commerce and cloud giant Alibaba will also release earnings, along with Chinese retail sales figures later in the week,

Jobless claims rose more than expected, providing fresh evidence of a cooling US labour market and helping to support the view that the Federal Reserve is going to cut rates by around September. Nasdaq 100 technical analysis remains positive for now.

EUR/USD falls on concerns over the German recovery and hawkish Fed comments. The FTSE rises to fresh all-time highs ahead of tomorrow's BoE rate decision.

Tuesday looms as a potential make-or-break session for Australia’s ASX 200 with futures sitting at a key technical level on the charts ahead of the RBA interest rate decision. One saving grace may be the continued rebound in iron ore futures in Singapore.

The Dow Jones, S&P 500, and Nasdaq 100 all recaptured key technical levels, carrying a bullish bias to the coming week.

With a quieter economic calendar attention will be on earnings. Disney, BP, and Uber are among some of the companies reporting this week.

FTSE rises to a record high as the GBP struggles around a 5-month low. EUR/USD looks to PMI data.

Earnings have helped to lift the mood so far in today's session, but risk appetite could be limited amid ongoing geopolitical risks and uncertainty over interest rates outlook. DAX technical analysis shows the German index is still residing in a bearish channel, despite the bounce.

The Nasdaq 100 is finally showing signs of breaking down from its 2-month sideways range between about 17,800 and 18,400 ahead of the Magnificent Seven stocks' earnings reports.

The S&P 500 extends losses to third week amid raised geopolitical risks and rising bond yields. Concerns over the escalation of the situation in the Middle East is at the forefront of investors’ minds. The situation remains volatile with Israel seeking revenge for Iran’s retaliatory attacks on Saturday.

US indices are seeing diverging performance, with the DJIA looking relatively weak and the Nasdaq 100 uptrend remaining healthy.

While the Nasdaq 100 has broken its 2024 uptrend, traders continue to buy the dip, generating a bullish signal on Thursday. That points to possible upside not only for US tech but also Japan’s Nikkei 225.

Nasdaq 100 analysis: What’s driving the market right now? Well, not much. PPI was mixed, which eased inflation concerns somewhat after a hot CPI report the day before. The focus is now turning to the first quarter earnings season. JPMorgan, Wells Fargo and Citigroup will start bank earnings on Friday.

USD/JPY looks to US CPI data, FTSE shrugs off China’s credit rating downgrade.

US banks kick off Q1 earnings season on Friday, with JP Morgan, Wells Fargo, Citigroup and BlackRock reporting. The results come as the US economy continues to show resilience but as sticky inflation could mean that rates stay high for longer. Delta Airline is also releasing Q1 numbers.