iBankCoin
Joined Dec 4, 2012
319 Blog Posts

The Week Ahead Is A Busy One With FOMC Meeting

1.Geopolitical and Fiscal Events.

Monday sees President Obama meet with German Chancellor Angela Merkel and other world leaders including British Prime Minister David Cameron. Also, on Monday the IMF updates its outlook on the Middle East and Central Asia.

Tuesday sees several primaries including Pennsylvania, Connecticut, Maryland, Rhode Island and Delaware. Tuesday sees the FOMC being a two day meeting.

Wednesday sees the FOMC announce its latest interest rate decision.

Thursday sees the BOJ announce news about potentially more stimulus.

Friday see Federal Reserve Dallas President Rob Kaplan speak at 6:30 a.m. EDT.

2.Economic Releases.

Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and new home sales, durable goods, consumer confidence, Q1 GDP, personal income, Chicago PMI, Michigan Sentiment.

3.Earnings Releases.

Notable releases include ESRX HAL AAPL T FB CMCSA AMZN GILD XOM CVX.

Monday, April 25

President Obama meets with German Chancellor Angela Merkel and other world leaders including British Prime Minister David Cameron in Germany.

The International Monetary Fund (IMF) updates its outlook on the Middle East and Central Asia.

March New Home Sales are due out at 10:00 a.m. EDT and are expected to rise to 520,000 from 512,000.

Tuesday, April 26

There are GOP and Democratic Primaries in Pennsylvania, Connecticut, Maryland, Rhode Island and Delaware.

The latest short interest data from March 28th through April 12th for the NYSE and NASDAQ. During this period, the S&P 500 1.21%.

The Federal Reserve Open Market Committee (FOMC) begins a two day meeting.

March Durable Goods are due out at 8:30 a.m. EDT and are expected to rise to 1.9% from -3.0%. Then at 10:00 a.m. EDT, April Consumer Confidence is expected to fall to 96 from 96.2.

Wednesday, April 27

The FOMC announces its latest interest rate decision and there is no press conference to follow.

Thursday, April 28

The Bank of Japan (BOJ) announces its latest update update on monetary policy.

Q1 GDP (preliminary) is due out at 8:30 a.m. EDT and is expected to fall to 0.9% from 1.4% in Q4.

Friday, April 29

March Personal Income is due out at 8:30 a.m. EDT and is expected to rise to 0.3% from 0.2%. Then at 9:45 a.m. EDT, April Chicago PMI is due out and expected to fall to 53 from 53.6.

April Michigan Sentiment (final) is expected to rise to 90.2 from 89.7.

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