The last week provided mixed fortunes for the markets. In the US data was quite mixed with U.S. durable goods orders climbing, jobless claims disappointing and new home sales plunged. In the U.K. there was an unexpected fall in the unemployment rate which dropped below the 7.0% level sending the pound to 4 year highs against the U.S. dollar. In the euro-zone region there was encouraging data from Germany in the form of flash manufacturing and services PMI’s and IFO business climate index. Earnings season is now in top gear and tech stocks have been the centre of attention with both Apple and Facebook pleasing investors but main disappointment was Amazon as they said they would make an operating loss in the 2nd Quarter. Weighing on global markets at the end of the week was an escalation in tensions in the Ukraine region with the ongoing tensions not going away quickly despite an agreement from all parties to de-escalate the situation.
The week ahead is a busy one for traders and investors with a host of important economic data due out for all regions of the globe culminating in the U.S. non-farm payrolls on Friday. On the earnings front another busy week is due with reports in the U.S. due from around a quarter of the companies making up the S&P 500.
Below is the main economic data expected for the coming week.
Monday 28th April
March U.S. Pending home sales data
April Dallas Fed manufacturing index
Tuesday 29th April
Q1 UK for preliminary GDP data
April German CPI
February US S&P/Case-Shiller housing index, Feb
Wednesday 30th April
March Japanese industrial production
April German unemployment
April Euro-zone CPI
April U.S. ADP employment report
Q1 U.S. GDP
April Chicago PMI
Federal Reserve FOMC monthly
Thursday 1st May
April Chinese manufacturing PMI
U.S. weekly initial jobless claims.
Friday 2nd May
April French manufacturing PMI
April German manufacturing PMI
April Euro-zone manufacturing PMI
April UK construction PMI
March Euro-zone unemployment
April U.S. Non-farm payrolls