iBankCoin
Joined Dec 4, 2012
319 Blog Posts

The Week Ahead: Could The ECB Pull The Rug Out On Thursday?

1. Geopolitical Events. On Monday Federal Reserve Minneapolis President Neel Kashkari speaks at 11:30 a.m. EDT. Friday Federal Reserve Philadelphia President Patrick Harker speaks at 2:30 p.m. EDT as does Federal Reserve Governor Lael Brainard at 1:15 p.m. EDT.

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

3. Earnings Releases. Notable releases include CNI TMUS T NVS PG PEP GOOGL MSFT XOM CVX.

Monday, April 24:

Markets will react to the results of the French Election.

Tuesday, April 25:

March New Home Sales are due out at 10:00 a.m. EDT and are expected to fall to 590,000 from 592,000.

April Consumer Confidence is due out at 10:00 a.m. EDT and is expected to fall to 123.30 from 125.6.

Markets are closed in Australia.

The latest NYSE and NASDAQ Short Interest Data is due out after the close.

Wednesday, April 26:

No events of note.

Thursday, April 27:

March Durable Goods are due out at 8:30 a.m. EDT and are expected to fall to1.25% from 1.70%.

The Bank of Japan (BOJ) is out with its latest interest rate decision overnight.

The European Central Bank (ECB) is out with its latest interest rate decision at 7:45 a.m. EDT followed by a press conference at 8:30 a.m. EDT. Some expect a move from stimulus to no action.

Friday, April 28:

Q1 GDP (advanced) is due out at 8:30 a.m. EDT and is expected to fall to 1.1% from 2.1% in Q4.

April Chicago PMI is due out at 9:45 a.m. EDT and is expected to fall to 56.9 from 57.7.

April Michigan Sentiment is due out at 10:00 a.m. EDT and is expected to remain at 98.

The risk is high for a government shutdown as a continuing budget resolution expires.

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