Markets, spotlight on these 3 themes

The market week began with crucial events and data.
There are at least 3 hot topics that have come under the spotlight of investors.
Asian stock markets strengthened with the Nikkei hitting a new high as traders braced for a busy week, with central banks meeting and key data underlining market bets on when interest rates will start to rise.
DESCEND.
All eyes will be on Federal Reserve Chairman Jerome Powell when he testifies before lawmakers on Wednesday and Thursday, although analysts assume he will remain in wait-and-see mode on policy given recent upside surprises on inflation.
Meanwhile, the ECB will meet on Thursday with the update of economic forecasts and potential news on rates.
In this turbulent context, today the week begins under the banner of these TOT crucial themes.
1.
Oil Cuts OPEC+ has extended oil supply cuts until the middle of the year in a bid to avoid a global surplus and support prices.
The limits – which on paper amount to around 2 million barrels a day – will remain in place until the end of June, according to statements from member countries such as Saudi Arabia, which represents half of the promised reduction.
Russia has promised to strengthen its role by focusing more on production cuts than on exports.
2.
US stocks on the rise? Bank of America has revised up its forecast for the U.S.
stock market this year, joining a growing number of Wall Street analysts who expect a sustained rally.
Savita Subramanian, an equity strategist at the lender, set a year-end target of 5,400 for the S&P 500, implying a gain of about 5% from Friday's closing level.
He joins fellow bulls Ed Yardeni of Yardeni Research and Jonathan Golub of UBS Group, who maintain the same year-end outlook.
“Bull markets are euphoric: we're not there yet,” Subramanian said.
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Chinese economy China will announce its growth target for 2024 and outline its strategy to support the slowing economy at the nation's highest-profile annual political meeting this week.
Premier Li Qiang will present the government's work report to the National People's Congress for the first time on Tuesday.
Officials are trying to chart a recovery after a turbulent year that saw the economy grapple with deflation, an ongoing housing crisis, a growing debt burden and an exodus of foreign capital.
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