Week Ahead 28th April – 2nd May

 

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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

 

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