Economic Calendar Updates
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- A quiet start to the week on the economic data front
- US earnings season continues
The week starting Monday, April 26, carries predominantly European, US, and Canadian economic updates. The agenda is expected to be relatively quiet in terms of economic data coming from government institutions, but exciting on the earnings front.
To kickstart the week, on Monday, Germany reports the April figures for the Ifo business climate index. The report is set for 04:00 am EST. Later, at 08:30 am EST, the US brings the core durable goods orders for March. Later, at 11:00 pm EST, the Bank of Japan will release its monetary policy statement.
On Tuesday, at 10:00 am EST, the US releases Conference Board (CB) consumer confidence for April. Later, at 09:30 pm EST, Australia will report the latest figures from the CPI index every quarter. The consumer price index is one of the primary gauges to measure price changes and track inflation.
Wednesday data kicks off at 08:30 am EST with Canada reporting its monthly core retail sales for February. Later, at 02:00 pm EST, the US Federal Reserve will release the latest interest rate decision. The central bank is expected to leave interest rates unchanged and continue to support the economy through its bond-buying program of at least $120bn a month until it reaches maximum employment and stable prices. FOMC press conference will follow right after, at 02:30 pm EST.
Tech Heavyweights to Report This Week
On Thursday, Germany brings the change in unemployment for April. The report is scheduled for 03:55 am EST. For March, 8,000 fewer people were out of work than in February. Moving to the US, at 08:30 am EST, the US GDP data for the first quarter of 2021 is set to be released.
On Friday, Germany will publish its GDP data for the first quarter. The GDP report arrives at 02:00 am EST. Later, at 05:00 am EST, the eurozone CPI data for April will be released. At 08:30 am EST, Canada will publish its GDP figures every month.
Meanwhile, the US earnings season will be in full swing for a third straight week. After two largely successful weeks with upbeat reports by banks, tech companies, and pharmaceuticals, the third week brings the heavyweight large-cap highflying technology firms.
To update the market, high-growth tech stocks like Apple, Tesla, and Amazon report their earnings. Tesla brings its financial data for the first quarter on Monday. Microsoft is scheduled to report on Tuesday, joined by Google-parent Alphabet. Apple and Facebook arrive on Wednesday and Amazon are reserved for Thursday.
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