Last week, the Wall Street indexes returned to growth with Dow Jones adding 0.4%, while S&P 500 and Nasdaq Composite rising by 0.6% and 0.7%, respectively. Financials led the broad rally on Wall Street and the materials, industrials, and communication services also advancing.
On Friday was given the start of the new earnings season. Wells Fargo and JPMorgan Chase reported better-than-expected earnings and revenues. During the new week, the reported season will continue with other financial giants, as well as major corporations from S&P 500.
Among the more important economic data during the new week are the figures on the UK labor market, Chinese GDP, Eurozone inflation and retail sales in the United States.
Upcoming economics data
On Monday, April 15, the German Central Bank (Bundesbank) will publish its monthly report. The Bank of Canada will announce the results of a prospective business survey.
On Tuesday, April 16, will be released the last meeting minutes by Reserve Bank of Australia. In the UK will be published a series of data on the labor market. In Germany, the ZEW Center for European Economic Studies (CEZ) will post its indexes on the expectations of German investors and their assessment of the current situation. For the Eurozone, the ZEW index will also be published, assessing the current situation. In the United States, the markets’ focus will be turned to industrial production data in March with a consensus forecast for growth acceleration to 0.3% MoM, compared to a modest increase of 0.1% a month earlier.
On Wednesday, April 17, in New Zealand will be published the inflation data in the first quarter of the year with expectations for acceleration to 0.3% quarter-on-quarter. In Japan, will be published the trade balance data for March, as well as industrial production for February. A number of important macro data also will be released in China – GDP for the first quarter, industrial output and retail sales in March, as well as unemployment. Later, the markets will focus on inflation data in the Eurozone and the UK. Also will be published the trade balance in the Eurozone and the EU for February. Markets will also track current US crude oil inventories.
On Thursday, April 18, Australia will publish a series of data on the labor market in the country. In Germany, the producer price index in March will be released, set to increase by 0.2%, with a decline of 0.1% a month earlier. Preliminary data for PMI is in the service and industry sector for France, Germany, the Eurozone, and the US. The UK retail sales data will be released in March. The consensus forecast is on a monthly basis declining by 0.4% in February. Sales data for March will also be available for the US.
On Friday, April 19, the focus will be on the data on building permits and new homes in the US. Most of the world’s markets are resting for a longer holiday around Catholic Easter.
Upcoming corporate earnings
On Monday, April 15, the focus of the markets will be the financial statement of the major US banks Citigroup and Goldman Sachs Group, as well as the smaller M&T Bank Corporation, Wintrust Financial Corporation, and Washington Federal Inc. Also during the day will be posted the earnings reports of Aphria and OrganiGram Holdings.
On Tuesday, April 16, will be published the financial statements of the media-services provider Netflix, consumer goods manufacturer Johnson & Johnson and computer hardware company IBM. The key event of the markets will also be the earnings statement of Bank of America Corporation, the investment management company BlackRock and the healthcare company UnitedHealth Group Inc. During the day will be published also the reports of Apollo Investment, CSX Corporation, and United Continental Holdings.
On Wednesday, April 17, the investors will focus on earnings statements PepsiCo and Morgan Stanley. During the day, will be released the financial report of Metro Inc, Abbott Laboratories, Roche Holding and U.S. Bancorp.
On Thursday, April 18, will be released the earnings reports of the financial services company American Express Co, the oilfield services company Schlumberger Ltd and the cigarette company Philip Morris International Inc. Also will be published the financial statements of Danaher Corporation and the consumer goods company Unilever.