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Traders brace for earnings from Nvidia, a raft of Fed speakers, and flash manufacturing and services PMIs as Wall Street continues to grind upwards. Chris Versace, CIO of Tematica Research joins IG’s Angeline Ong to discuss why he thinks the S&P 500 could breach 5,600 by the end of 2024.Any opinion, news, research, analysis, or other information does not constitute investment or trading advice. Follow us on Twitter (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Ftwitter.com%2FIGcom&data=05%7C01%7CLeanne.Kunz%40ig.com%7C7db35926b5844a05f9e008db35e6f219%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C638163038236232639%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=KT6Mm0acluwAtu5oAuQwi%2BKL890dyDaSo33wBswQEls%3D&reserved=0), Instagram (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.instagram.com%2Figcom_official%2F&data=05%7C01%7CLeanne.Kunz%40ig.com%7C7db35926b5844a05f9e008db35e6f219%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C638163038236232639%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=FVRtONvjiM0Vz5Xxk3niXYqOOJvONz6wDrRJhBJ8Vac%3D&reserved=0), and YouTube (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.youtube.com%2FIGcom%2Ffeatured&data=05%7C01%7CLeanne.Kunz%40ig.com%7C7db35926b5844a05f9e008db35e6f219%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C638163038236232639%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=X4fRGT4lyb48Anw1aEbSrH%2BpSk5AbXTHb3TUX626c4A%3D&reserved=0) *Your capital is at risk. 71% of retail CFD accounts lose money*

UK inflation could well be the swing point for the FX markets from the week’s economic diary. It comes on Wednesday and, if it follows the recent US inflation data on the downside, there may be a short sterling position to be had. Also on the economic agenda is a rate decision from the Kiwi central bank where no change is expected. On the corporate agenda, the top of the bill is earnings midweek from AI chip designer Nvidia. It trades all sessions on the IG platform and reports numbers after the closing bell on Wednesday 22 May.Any opinion, news, research, analysis, or other information does not constitute investment or trading advice. Follow us on Twitter (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Ftwitter.com%2FIGcom&data=05%7C01%7CLeanne.Kunz%40ig.com%7C7db35926b5844a05f9e008db35e6f219%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C638163038236232639%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=KT6Mm0acluwAtu5oAuQwi%2BKL890dyDaSo33wBswQEls%3D&reserved=0), Instagram (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.instagram.com%2Figcom_official%2F&data=05%7C01%7CLeanne.Kunz%40ig.com%7C7db35926b5844a05f9e008db35e6f219%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C638163038236232639%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=FVRtONvjiM0Vz5Xxk3niXYqOOJvONz6wDrRJhBJ8Vac%3D&reserved=0), and YouTube (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.youtube.com%2FIGcom%2Ffeatured&data=05%7C01%7CLeanne.Kunz%40ig.com%7C7db35926b5844a05f9e008db35e6f219%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C638163038236232639%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=X4fRGT4lyb48Anw1aEbSrH%2BpSk5AbXTHb3TUX626c4A%3D&reserved=0) 

The latest US inflation prints and comments from Fed Chair Jerome Powell could really change Fed rate cut expectations. Tematica CIO Chris Versace explains how this might change the mood of the markets. He also catches up with IG’s Angeline Ong to discuss the latest significant hike in US tariffs on Chinese cars, chips, and the upcoming Google I/O conference.  Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.Follow us on Twitter, Instagram, and YouTube“Your capital is at risk. 71% of retail CFD accounts lose money"

Despite US earnings winding down there are two all-sessions stocks to watch in the coming week: WalMart (WMT) and Cisco Systems (CSCO). On the economic agenda the big dollar pivot point is widely expected to be Wednesday’s release of US consumer pricwes. The Fed has aleready warned that it’s seeing stronger data and this remains around inflation. That could see a return to USDF strength.Any opinion, news, research, analysis, or other information does not constitute investment or trading advice. Follow us on Twitter (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Ftwitter.com%2FIGcom&data=05%7C01%7CLeanne.Kunz%40ig.com%7C7db35926b5844a05f9e008db35e6f219%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C638163038236232639%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=KT6Mm0acluwAtu5oAuQwi%2BKL890dyDaSo33wBswQEls%3D&reserved=0), Instagram (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.instagram.com%2Figcom_official%2F&data=05%7C01%7CLeanne.Kunz%40ig.com%7C7db35926b5844a05f9e008db35e6f219%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C638163038236232639%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=FVRtONvjiM0Vz5Xxk3niXYqOOJvONz6wDrRJhBJ8Vac%3D&reserved=0), and YouTube (https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.youtube.com%2FIGcom%2Ffeatured&data=05%7C01%7CLeanne.Kunz%40ig.com%7C7db35926b5844a05f9e008db35e6f219%7C4b4cca9cedaf42f38e219070c5d9d76b%7C0%7C0%7C638163038236232639%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=X4fRGT4lyb48Anw1aEbSrH%2BpSk5AbXTHb3TUX626c4A%3D&reserved=0) 

Boeing’s Starliner launch was delayed due to a rocket glitch, but this is just one of many setbacks for the planemaker. The Federal Aviation Administration has opened new investigation into 787 inspections. Plus, probes surrounding the January door-plug incident continue. Tematica Research CIO Chris Versace believes it will take time before Boeing convinces its investors it has managed to get its house in order.Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.Follow us on Twitter, Instagram, and YouTube“Your capital is at risk. 71% of retail CFD accounts lose money"

With the OECD having given its thoughts on global interest rates it says both the Bank of England (BoE) and the Reserve Bank of Australia (RBA) should keep rates higher for longer. While neither is expected to move traders will be keen to hear what each central bank has to say about the outlook. Also on the economic agenda is the first look at UK GDP for the first quarter. Will the economy have emerged from a shallow recession at the end of last year? On the corporate agenda, there’s a short list of companies to watch including Walt Disney (DIS), Airbnb (ABNB) and IAG.Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.Follow us on Twitter, Instagram, and YouTube