The week ahead: focus on US fiscal stimulus, macro data and Tech earnings (Square, Nvidia, Salesforce.com, etc.)

Read the key events to monitor for the week which starts on February 22, 2021.  

 

In the week ahead, investors will continue to focus on U.S stimulus talks and economic data to gauge whether the reflation trade has further room to go. That so-called reflation trade sent the 10-year Treasury yield to its highest level in a year and has helped value stocks to outperform growth stocks. On the monetary front, Federal Reserve Chairman Jerome Powell speaks Tuesday and Wednesday before the Senate Finance Committee and House Financial Services Committee.

 

WEEK AHEAD CALENDAR

MondayEarnings
Dish Network, Royal Caribbean, Marathon Oil, Ingersoll-Rand, Occidental Petroleum, Transocean, Zoominfo, ONEOK, HSBCMacroeconomic data
US: Leading economic indicators
China: People's Bank of China (PBoC) Loan Prime Rate Announcement.
EU: German Ifo Business Climate Index


TuesdayMarkets Closed in Japan for Emperor's Birthday.
Earnings
Home Depot, Macy’s, Intuit, Thomson Reuters, Square, Toll Brothers, Jazz Pharmaceuticals, McAfee, Medtronic, Pioneer Natural Resources, Bank of MontrealMacroeconomic data
US: FHFA home prices, S&P/Case-Shiller home prices, Conference Board Consumer Confidence Index
EU: Consumer Price Index (CPI)
UK: Unemployment Rate, Unemployment Claimant Count Change.
Monetary policy
Fed Chairman Jerome Powell semi-annual economic testimony Senate Banking Committee


WednesdayEarnings
Lowe’s, NVIDIA, Viacom, Public Storage, Booking Holdings, TJX, Brookdale, Royal Bank of Canada, Apache, Petrobras, Pure Storage, L Brands, Casper SleepMacroeconomic data
US: Mortgage applications, New home sales
EU: German Gross Domestic Product (GDP) (Q4).
Monetary policy
Fed Chairman Powell semi-annual economic testimony at House Financial Services Committee


ThursdayEarnings
Salesforce.com, Norwegian Cruise Lines, Etsy, Best Buy, HP, Shake Shack, Beyond Meat, Anheuser-Busch Inbev, Dell Technologies, Virgin Galactic, American Tower, Cleveland Cliffs, Airbnb, Carvana, Door Dash, ModernaMacroeconomic data
US: Atlanta Fed President Raphael Bostic, Jobless claims, Durable goods, Q4 GDP second reading, Pending home sales, Advanced economic indicators
Japan: Retail Sales, Tokyo Core CPI
Monetary policy
St. Louis Fed President James Bullard, New York Fed President John Williams


FridayEarnings
Fluor, Cinemark, Draft Kings, Foot Locker, AMC NetworksMacroeconomic data
US: Personal income and spending, Advanced trade, Chicago PMI, U.S. Michigan Consumer Expectations and Consumer Sentiment Indexes
EU: French GDP (Q4).
Asia: Indian GDP (Q3).


SaturdayEarnings
Berkshire Hathaway

 

Source: CNBC, Investopedia.  

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