Global markets are heading into a critical week. Flash purchasing managers' index (PMI) readings from Europe and the US will offer the latest clues on central banks' rate paths, while earnings from marquee names like Meta Platforms (META) and Tesla could either reignite or calm concerns about overheated AI investment. At the same time, UK and Japanese inflation data, developments in the Middle East, and the trajectory of oil prices will continue to keep investors on edge. US equities pulled back significantly this week. The Dow Jones Industrial Average fell 0.67% for the week, the Nasdaq Composite tumbled 4.48%, and the S&P 500 dropped 1.95%.
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