Market participants are monitoring developments in WTI Crude Oil futures ahead of an OPEC plus announcement regarding April production levels. Metals markets are seeing significant activity as Gold and Silver futures aim to maintain historic weekly closes, while Copper futures trade near record highs alongside a move lower in U.S. rates.
The upcoming economic calendar features non-farm payrolls data and the ISM manufacturing PMI, which are expected to influence Fed rate expectations. Additionally, corporate earnings continue with reports from 118 companies with a market cap over $1.0 billion, including Broadcom and Costco. International data remains a focal point with CPI releases in the Eurozone and manufacturing updates from China.