Industrial bellwether Alcoa Inc. (AA) reports its first-quarter results next week, marking the unofficial start to U.S. earnings season. Google Inc. (GOOG), JPMorgan Chase & Co. (JPM) and Wells Fargo & Co. (WFC) are also due to report next week.
Other companies poised to debut next week include Aleris Corp., BrightSource Energy Inc. and Oaktree Capital Group LLC. Markets will also examine reports on import, producer and consumer prices next week.
For the upcoming week, the Stock market anticipates heavy gains in its valuation as the US Non-Farm Payroll will amplify the current trajectory of the US price action as speculation mounts that the positive trend in US employment most probably continue in March. In February the US Non-Farm Payroll showed another impressive rise and the majority of economist polled for the special forecast report expect a solid rise also in March.
Inflation Data On Tap For Next Week
Monday, the Fed Chairman Bernanke is due to deliver a speech regarding the Financial Stability and how to sustain it; this hawkish speech might bring another positive trend for the US dollar. Since, the Fed chairman Bernanke’s remark can really move the markets not only in American but globally.
Wednesday, the US Import Prices is expected to show luster in its projection of 0.8% from its previous low of 0.4%, indicating that import trading is expanding. The Federal Budget Balance is also expansion in its figure of -212.3 Billion dollar, suggesting that the budget deficit is becoming lower. In addition, Federal Reserve Governor Janet Yellen, will deliver a speech about the Economic Outlook and Monetary Policy, wherein the key interest rates might be retained.
Thursday, the US PPI shows a positive projection in its figure of 0.3% from its previous low of 0.1%, suggesting that spending is expanding. While, it’s US Trade Balance shows a slowdown in its consensus, by -51.9 Billion to -52.6 Billion dollar. And it’s Unemployment Claims shows another luster in its figure as its projection shows a drop of 355,000 indicating that a positive trend will continue until April.
Friday, the US Core CPI anticipates a slight rise of 0.2%, while its Preliminary UoM Consumer Sentiment also shows a slight rise of 76.7 points from its previous 76.2, suggesting that sentiments level is improving mainly due to the positive gain seen in its economic indicators.
Obama To Meet With Brazil's Rousseff on Monday
Brazil's President Dilma Rousseff will meet with U.S. President Barack Obama at the White House on Monday.
A spokesman for Brazil's foreign ministry said Thursday that Rousseff plans to propose that the two countries work together to end the "currency war" that is hurting Brazil, which is the world's sixth-largest economy. Brazil has blamed the real's appreciation on an influx of foreign currency into the market.
The spokesman also said Rousseff's talks with Obama will focus on "the economic crisis and coordination" by the two countries in the G20 group of rich and emerging powers.
G-8 Foreign Ministers To Meet Next Week
Secretary of State Hillary Clinton will host the foreign ministers of the Group of Eight major economies next week in Washington.
The ministers will meet April 11 and 12 to "discuss a range of country-specific, regional and transnational topics," the State Department said.
The meeting comes amid intense gloabl diplomacy on Syria and Iran and comes a month ahead of a G-8 summit at Camp David. The G-8 comprises the U.K., Canada, France, Germany, Italy, Japan, Russia and the U.S.
fed Bernanke speech next week
On Monday evening, the Fed chief will deliver a speech on fostering financial stability at a conference organized by the Federal Reserve Bank of Atlanta in Stone Mountain, Georgia. Analysts at Deutsche Bank said Bernanke may make comments on the latest employment data.
And on Friday, Bernanke will speak at a conference in New York on the crisis and the policy response to it.
The weak jobs report may breathe new life into hopes for another round of large-scale bond purchases by the Fed — hopes that had been dashed this week by minutes from the central bank’s latest policy meeting.
Conferences And Meetings
Among the significant conferences and meetings next week are the Tudor Pickering & Co LLC LatAm and Africa Exploration Conference; the Bank of New York Mellon Corp. (BK) annual shareholder meeting; United Technologies Corp.'s (UTX) annual shareholder meeting; Adobe Systems Inc.'s (ADBE) annual shareholder meeting and Brocade Communication Systems Inc.'s (BRCD) annual shareholder meeting.
For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
No comments:
Post a Comment