WEEK AHEAD: Fed Meeting, Big Tech Earnings & GDP data

Prepare for trading markets over the next five days with the FlowBank Week ahead report:

First, the Federal Reserve meets Tuesday and Wednesday. While no action is expected, there could be some mention of the central bank’s possible wind down of its bond program. That could move the markets since the tapering of the central bank’s bond purchases is seen as the first step on the way to interest rate hikes.


Then there are about 165 S&P 500 companies releasing earnings reports, including the biggest tech names— Apple, Microsoft, Amazon, Alphabet and Facebook. Tesla is reporting, as are industrial heavy weights Boeing and Caterpillar. There are slew of consumer names, including Procter & Gamble and McDonald’s.


There is also important economic news. The second quarter is expected to be the peak period for post-pandemic growth, and gross domestic product for the quarter will be released Thursday. On Friday, the Fed’s favorite inflation measure, the personal consumption expenditure inflation index, is released.

CALENDAR


MONDAYEarningsTesla, Lockheed Martin, F5 Networks, Check Point Software, Hasbro, LVMH, Otis Worldwide, Ameriprise

MacroEurope: Germany ZEW
US: New home sales

Monetary PolicyBOE Vlieghe’s speech

TUESDAYEarningsApple, Alphabet, Microsoft, 3M, Visa, Advanced Micro Devices, General Electric, Boston Scientific, PulteGroup, Raytheon, JetBlue, Archer Daniels Midland, Chubb, Mondelez, Starbucks, Hawaiian Holdings, Waste Management, Corning, Sherwin-Williams, UPS, Stanley Black and Decker, Teradyne, Cheesecake Factory

MacroUS: Durable Goods, Case Shiller Home Index, Consumer confidence

Monetary PolicyBOJ’s Kuroda speech, RBA’s Debelle speech
Fed’s 2-day meeting begins

WEDNESDAYEarningsBoeing, Facebook, Pfizer, Ford, Qualcomm, McDonald’s, Bristol-Myers Squibb, PayPal, General Dynamics, GlaxoSmithKline, Norfolk Southern, Automatic Data, CME Group, Garmin, Moody’s, Steve Madden, Penske Auto Group, Hess, Aflac, Canadian Pacific Railway, Fortune Brands, Samsung

MacroAsia: Australia CPI (QoQ)
US: Canada CPI

Monetary PolicyFed policy decision, Powell press conference

THURSDAYEarningsAmazon, Merck, Comcast, Airbus, Anheuser-Busch InBev, MasterCard, Intercontinental Exchange, AstraZeneca, Hilton Worldwide, Northrop Grumman, Altria, Hershey, Yum Brands, American Tower, Gilead Sciences, Pinterest, Deckers Outdoors, First Solar, Molson Coors Brewing, Southern Co., Nielsen, Valero Energy

MacroEurope: Germany unemployment, Germany CPI
US: Unemployment claims, US Q2 GDP

Monetary PolicyN/A

FRIDAYEarningsCaterpillar, Chevron, ExxonMobil, Procter & Gamble, Colgate-Palmolive, AbbVie, Booz Allen, Lazard, Church & Dwight, Johnson Controls, Illinois Tool Works, Cabot Oil & Gas, CBOE Global Markets

MacroAsia: Japan unemployment, Japan retail trade, Japan industrial production
Europe: Swiss retail sales, Eurozone CPI, Eurozone Q2 GDP
US: Core PCE Index, Chicago PMI

Monetary PolicyFed’s James Bullard, Lael Brainard speeches

 

Sources: Investing.com, CNBC, Bloomberg, FX Street

bg_newsletter
LiveWire

2 days ago

#Eurozone's Manufacturing #PMI lowest since Oct 2020 #trading

3 days ago

Fed's PCE softer than estimates #inflation #trading

3 days ago

#Bitcoin falls below USD19'000 #crypto 3 trading