Global Highlights This Week: Trump Hits the 100 - Day Mark in Office, and Apple's Financial Report and Non - Farm Payroll Data Will Be Released One After Another

The US stock marketwill face a dense schedule of events, data releases, and earnings reports this week.

Certainly, the biggest "black swan" in the global market remains US President Trump. If he thinks that, after the US stock market has risen for four consecutive days, he can once again wantonly challenge market stability, no matter how good the data or earnings reports are, they won't be able to save the situation. At the same time, as a symbolic milestone, Trump reached the "100 days in office" of his current term on April 30th.

Lawrence Summers, a professor at Harvard University and former US Treasury Secretary, commented last week that the first 100 days of the "Trump 2.0 administration" may be the most unsuccessful among all newly inaugurated US presidents since World War II, and this is the "verdict of the market."

Setting Trump aside, this week's economic calendar is already extremely busy.

The US will release its first-quarter GDP data on Wednesday, which will reveal to what extent the concerns of US businesses and consumers about tariffs from January to March this year have damaged the economic growth rate.

This week is also a "nonfarm payrolls week"-the JOLTS job openings data on Tuesday, the ADP private sector employment data on Wednesday, and the nonfarm payrolls report on Friday will provide an update on the situation of the US labor market.

In addition, on Wednesday, there will also be the PCE inflation data favored by the Federal Reserve, as well as the quarterly refinancing announcement of the US Treasury Department.

The market expects that Bessent should not "stab Trump in the back" at this juncture, so the scale of the Treasury bond auction will remain unchanged, and it may also reaffirm that "the current issuance scale will be maintained for the next several quarters."

The Eurozone will also see a series of GDP, inflation, PMI, and consumer confidence data, demonstrating the impact of "Trump's tariffs" on Europe.

In other regions, the Bank of Japan announced its interest rate decision on Thursday and for the first time released its economic forecast for the fiscal year ending in March 2028. Local Japanese media expected on Sunday that the Bank of Japan will not adjust interest rates this week. At the same time, it will lower the GDP growth forecasts for 2025 and 2026 to reflect the impact of the global trade war. The inflation forecast may also be lowered, and this move may trigger a depreciation of the Japanese yen.

In addition, Canada held a national general election on the 28th. Poll data shows that the Liberal Party led by Mark Carney, the former governor of the Bank of Canada and the Bank of England, is in the leading position driven by the "anti-Trump wave."

At the level of listed companies, this week is also the busiest moment of the earnings season. Apple, Microsoft, Amazon, and Meta, among the "Magnificent Seven" of US stocks, will all disclose their earnings. In addition, it is not difficult to expect that this week, major industry giants will also intensively disclose the impact of "Trump's tariffs"-the market will focus on descriptions related to earnings declines.

In terms of events, Meta, an open-source AI giant, held the first LlamaCon, a developer conference specifically for generative artificial intelligence, on April 29th. After the newly released Llama 4 was mired in the controversy of "rank manipulation," Meta needs to vindicate itself by releasing more details and technological breakthroughs.

Incidentally, Berkshire Hathaway will release its first-quarter earnings report and hold its annual shareholder meeting on Saturday evening this week. Due to Warren Buffett's advanced age, the Q&A session this year will be shortened a bit and will be held from 8:00 a.m. to 1:00 p.m. local time in Omaha.

The following is an overview of the important financial events this week (Eastern Time in the United States):

Monday: The Preparatory Meeting of the Beijing Xiangshan Forum is held in Beijing (lasting until the 29th), the Meeting of Foreign Ministers of BRICS Countries is held (lasting until the 28th), and the Canadian federal election takes place.
Tuesday: The Eurozone's April Economic Sentiment Indicator, the US February S&P/CS 20-City Composite Home Price Index, the US March JOLTS Job Openings, and the US April Conference Board Consumer Confidence Index.
Wednesday: China's April Official PMI data, China's April Caixin Manufacturing PMI, the Eurozone's Q1 GDP, Germany's Q1 GDP, the US Q1 GDP Annualized Quarter-over-Quarter Rate Preliminary Value, the US April ADP Nonfarm Employment Change, the US March Core PCE Price Index, the US Q1 Core PCE Price Index, and the World Gold Council releases the "Gold Demand Trends" report for the first quarter.
Thursday: The Bank of Japan announces its interest rate decision and economic outlook report & the press conference of Kazuo Ueda, and exchanges in many countries around the world are closed due to Labor Day.
Friday: The Eurozone's April CPI, the US nonfarm payrolls report, and the European Central Bank releases its economic bulletin.
Saturday: Berkshire Hathaway's annual shareholder meeting.