Global Markets Update – Focus Shifts to Big Tech Earnings and Inflation Data!
- NexxtGen Markets
- Apr 28
- 3 min read
Here's your latest update from the team at NexxtGen Markets here in the City of London 🇬🇧
🔥 Market Recap
The S&P 500 climbed +0.74%, and the Nasdaq rallied +1.26% on Friday, wrapping up a blockbuster week where the S&P gained +4.6% and the Nasdaq surged +6.7%. Sentiment was buoyed by President Trump's softer stance on China and support for Fed Chair Powell.
Meanwhile, Gold touched a fresh all-time high before easing back slightly, and Bitcoin vaulted past the $90K level.
Among earnings highlights, Tesla surprised with a 71% drop in net income but shares leapt +9.8% as Elon Musk vowed to refocus on Tesla operations. Alphabet climbed +1.5% on solid earnings, while Boeing and Intel delivered mixed results.
As trade war fears ease slightly, attention shifts back to fundamentals: earnings and key economic data will dominate this week.
📊 The Week Ahead: Earnings & Economic Data
🚀 Big Tech Earnings:
📈 Economic Calendar:
US GDP Growth (Thursday)
Core PCE Inflation (Wednesday)
ADP Private Payrolls (Wednesday)
Non-Farm Payrolls (NFP) (Friday - Expected +130K jobs)
Bank of Japan rate decision also in focus.
📢 Movers & Shakers
Canadian Solar (CSIQ) ▲ +20% – Powered higher on strong solar demand.
Tesla (TSLA) ▲ +10% – Elon Musk pledges renewed focus.
Mobico Group (MCG.L) ▼ -41% – Weighed down by disappointing results.
Nanoco Group (NANO.L) ▲ +12% – Gains as IP revenue strengthens.
📰 News Highlights
🌐 Global Outlook:
Markets staged a strong relief rally on easing trade fears. However, U.S. Treasury Secretary Bessent warned that a full U.S.–China trade deal may take 2–3 years to finalise.
💻 Big Tech Earnings:
Investors brace for Microsoft, Apple, Meta, and Amazon earnings — four stocks making up nearly 20% of the S&P 500 weight. Any weakness could ripple across the entire market.
🍏 Apple Challenges:
Apple faces slower iPhone upgrades, fiercer competition in China, and tariff pressures. Services revenue will be crucial for investor confidence.
🖥️ Microsoft’s AI Bet:
Microsoft will report Tuesday, with cloud division Azure under the microscope. AI data center growth and competition with Google and Amazon are key themes.
🛢️ Commodities & FX
🔥 What to Watch This Week:
US-China Trade Updates — remain a wild card.
NFP Friday — critical for USD direction and Fed rate cut hopes.
Core PCE Inflation — key gauge for Fed thinking on Wednesday.
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