The week ahead: The Fed, taxes and a deluge of earnings (Apple, Tesla, Amazon, Alphabet, Facebook, etc.)

Read the key events to monitor for the week which starts on April 26, 2021.  

The final week of April is going to be a busy one for markets with a Federal Reserve meeting and a deluge of earnings news. Hot topics in markets will continue to be inflation and taxes.

President Joe Biden is expected to detail his “American Families Plan” and the tax increases to pay for it, including a much higher capital gains tax for the wealthy.

It’s a huge week for earnings with about a third of the S&P 500 reporting, including Big Tech names, such as Apple, Microsoft, Alphabet and Amazon.

At the same time, the Fed is expected to defend its policy of letting inflation run hot, while assuring markets it sees the pick-up in prices as only temporary. The central bank meets on Tuesday and Wednesday.

 

WEEK AHEAD CALENDAR
MondayEarningsTesla, Canadian National Railway, Canon, Check Point Software, Otis Worldwide, Vale, Ameriprise, NXP Semiconductor, Albertsons, Royal Phillips.

MacroUS: Durable goods

EU: Germany Ifo Business Climate Index.

Monetary policyBank of Japan Interest Rate Decision.

 

Tuesday

EarningsMicrosoft, Alphabet, Visa, Amgen, Advanced Micro Devices, 3M, General Electric, Eli Lilly, Hasbro, United Parcel Service, BP, Novartis, JetBlue, Pultegroup, Archer Daniels Midland, Waste Management, Starbucks, Texas Instrument, Chubb, Mondelez, FireEye, Corning, Raytheon.

MacroUS: S&P/Case-Shiller, FHFA home prices, Consumer confidence, Housing vacancies

Japan: Retail Sales 

Monetary policyFOMC begins two-day meeting

 

WednesdayEarningsApple, Boeing, Facebook, Qualcomm, Ford, MGM Resorts, Humana, Norfolk Southern, General Dynamics, Boston Scientific, eBay, Samsung Electronics, GlaxoSmithKline, Yum Brands, SiriusXM, Aflac, Cheesecake Factory, Community Health System, CIT Group, Entergy, CME Group, Hess, Ryder System.

MacroUS: Advance economic indicators, Goods Trade Balance, Retail Inventories Excluding Autos

EU: German GFK Consumer Climate Index

Monetary policyFed statement, Fed Chairman Jerome Powell briefing

 

Thursday

Market Holiday in Japan for Showa Day.

EarningsAmazon, Caterpillar, McDonald’s, Twitter, Bristol-Myers Squibb, Comcast, Merck, Northrop Grumman, Airbus, Kraft Heinz, Intercontinental Exchange, Mastercard, Gilead Sciences, U.S. Steel, Cirrus Logic, Texas Roadhouse, Cabot Oil, PG&E, Royal Dutch Shell, Church & Dwight, Carlyle Group, Southern Co.

MacroUS: Initial jobless claims, Real GDP Q1, Pending home sales

EU: German unemployment rate 

Japan: CPI 

China: Manufacturing and Non-Manufacturing Purchasing Managers' Indexes (PMIs)

 

FridayEarningsExxonMobil, Chevron, Colgate-Palmolive, AstraZeneca, Clorox, Barclays, AbbVie, BNP Paribas, Weyerhaeuser, Illinois Tool Works, CBOE Global Markets, Lazard, Newell Brands, Aon, LyondellBasell, Pitney Bowes, Phillips 66, Charter Communications

MacroUS: Personal income and spending, Employment cost index Q1, Chicago PMI, Consumer sentiment

EU: French GDP,  German GDP,  French Consumer Spending, Spanish GDP,  Eurozone CPI, Eurozone Unemployment Rate. 

 

SaturdayEarningsBerkshire Hathaway

 

Sources: CNBC, Investopedia 

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