​5 global market themes investors will track this week

Global markets face a packed week with the ECB rate decision, key US earnings from Alphabet, Tesla, Intel and American Express, plus policy signals from the UK government and Asian central banks. S&P 500 companies are expected to post earnings growth of about 25.7% year-on-year, with Alphabet's AI-related capex plans drawing particular attention. Indonesia is expected to raise rates while China announces its loan prime rate and Japan releases trade, inflation and PMI data.