Last week, the company's financial reports, the latest economic data and the "hawkish" stance of some Fed officials put pressure on the U.S. stock market.

However, with Friday's rebound, the Nasdaq rose 0.55% last week, while the Dow and the S&P 500 fell 2.70% and 0.66% respectively.

　　International oil prices rose last week

　　In terms of the crude oil market, several data in China’s 2022 economic annual report released last week exceeded market expectations. Many Wall Street investment banks believe that China’s economy is expected to recover faster than previously expected, which in turn will drive the growth of global oil demand.

This expectation became the main reason for the upward movement of oil prices last week, of which New York oil prices rose by 1.81% and Brent oil prices rose by 2.76%

　　This week, the market focuses on European and American PMI data, and the latest PCE index in the United States attracts attention

　　On the data front, investors will focus on European and American PMI data this week.

On Tuesday local time, the United States will announce the initial value of the manufacturing PMI in January, and the euro zone and the United Kingdom will also announce the PMI data for January.

At present, economists generally expect that the initial PMI values ​​of major European and American economies will pick up in January.

Some analysts believe that although the European and American economies are still in the contraction range, the rate of contraction has slowed down, so some analysts regard this as the latest sign of a soft landing for the European and American economies.

　　In addition, the Federal Reserve's important indicator of inflation-personal consumption expenditures, that is, the PCE price index will be released this Friday. Analysts predict that the year-on-year growth rate of the PCE index in the United States in December last year will drop to 5%, or it will hit a record high in 2021. lowest level since October.

However, given that the inflation rate in the United States is still much higher than the Fed’s target value of 2%, some analysts believe that in the process of the soft landing of the economy, the inflation rate in the United States may drop to around 4% or 5% and then stagnate. The Fed may then face a dilemma.

　　This week, investors focus on the latest developments in Japan, Europe and Canada's central banks

　　On the central bank side, the Bank of Japan will announce the minutes of its December monetary policy meeting on Monday.

On Tuesday, European Central Bank President Christine Lagarde will deliver a speech. She said earlier that she would raise interest rates further and promised to stick to the high interest rate in the end, saying that the market should not worry that the European Central Bank will slow down interest rate hikes soon Have illusions.

In addition, the Bank of Canada will announce its latest interest rate decision on Wednesday.

　　In addition, the US stock market’s fourth-quarter financial report season will also usher in a climax this week. Technology giants such as Tesla, Microsoft, and Intel will announce their financial reports one after another. Analysts generally expect that the impact of the Federal Reserve’s aggressive interest rate hike on the profits of these technology companies will be further revealed. .