This week, we will continue to monitor the quarterly financial reports of major companies. The highly anticipated companies include American biopharmaceutical company Vertex Pharmaceuticals Incorporated, multinational media and entertainment company Walt Disney, renowned entertainment company Warner Bros., taxi and takeaway service company Uber, and online platform Airbnb for long and short rental and experience.

Monitoring economic indicators such as changes in consumer credit in March requires special attention, as these indicators provide valuable insights into consumer credit usage patterns, which are closely related to consumer confidence and spending behavior.

Despite an increase in consumer credit in January, the growth rate has slowed down compared to 2022 and 2023, reflecting a more stable growth rate of consumer credit under inflationary pressure. The sustained strength of consumer spending and the decrease in interest rates later this year will indicate the sustained growth of consumer credit.

The initial May consumer confidence data released by the University of Michigan will provide insights into US consumer confidence and spending patterns. Given the slight decline in consumer confidence in April, the market will closely monitor the impact of any changes in consumer behavior on the overall economy.

The American Petroleum Institute (API) and the US Energy Information Agency (EIA) will release crude oil inventory data this week.

According to the latest EIA Oil Status Report, in the week ending April 26, 2024, US commercial crude oil inventories (excluding strategic oil reserves) increased by 7.3 million barrels compared to the previous week. The increase in crude oil inventories means an increase in crude oil supply, and if demand cannot match supply levels, it may lead to a decline in oil prices.

Investors will also follow the auction of 10-year treasury bond bonds and 30-year treasury bond bonds, as well as the update of the first application for unemployment benefits, to measure market sentiment and economic stability.

As the US market moves forward in this week's financial reporting season and economic indicators, investors will assess the impact on consumer behavior, oil market, and overall economic stability.