In the Eurozone markets, traders will be speculating on the election results in France and Greece and their possible implications for the bail-out plans for the troubled member nations. Indications so far are that the poll outcomes in both countries will spell trouble for the Eurozone rescue plan, the ripples of which will be felt in financial markets across globe.
The European Central Bank will meet on May 3 to review interest rates, an event being closely eyed by investors. In key data, China’s official Purchasing Managers Index (manufacturing) will be of interest to investors.
Next week's release of a slew of economic data on the U.S. labor market and the beginning of the latter half of corporate earnings will be keenly watched to see if they are enough to allow stocks to break above the recent trading range.
At the top of investors' radar screen next week will be the government's closely watched monthly jobs report for April, to be released on Friday. Jobs growth in March slowed to 120,000, the smallest increase since October, disappointing investors even though the unemployment rate fell to a three-year low of 8.2 percent.
Ahead of the government's payrolls report, investors will be watching the ADP Employment Report due on Wednesday and weekly jobless claims data due on Thursday for indications of whether the labor market is gaining momentum.
Also on agenda next week, Jamie Dimon, chief executive of JPMorgan Chase & Co, has organized a meeting of major bank chief executives with Federal Reserve Governor Daniel Tarullo, the central bank's point man on regulation, according to The Wall Street Journal on Friday.
The meeting, slated for Wednesday in New York, is expected to focus on a Fed proposal to limit banks' exposure to other firms and governments, though other regulatory concerns likely will be discussed.
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