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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Economic calendar: US factory orders, Pfizer earnings

07:27 4 May 2021
  • European markets seen opening flat

  • US factory orders data due at 3:00 pm BST

  • Pfizer to report earnings before session open

European index futures point to a flat opening of today's cash session. Asian session was quite muted as traders from Japan and China were off for holidays and there were no major moves. Economic calendar is light today with mostly second tier readings scheduled for release. The US factory orders report is the one to watch today but it rarely triggers bigger market moves.

Apart from that, investors will be offered a lot of earnings reports from US companies. Vaccine manufacturer Pfizer will report Q1 2021 results ahead of the Wall Street session open while video game developer Activision Blizzard will report results after the session closes.

8:00 am BST - Poland, manufacturing PMI for April. Expected: 55. Previous: 54.3

9:30 am BST - UK, manufacturing PMI for April (final). First release: 60.7

1:30 pm BST - US, trade balance for March. Expected: -$74.3 billion. Previous: -$71.1 billion

1:30 pm BST - Canada, building permits for March. Expected: +2% MoM. Previous: +2.1% MoM

3:00 pm BST - US, factory orders for March. Expected: +1.3% MoM. Previous: -0.8% MoM

9:40 pm BST - API report on oil inventories. Expected: -1.2 mb

US earnings

  • Activision Blizzard (ATVI.US) - after market close

  • ConocoPhillips (COP.US) - before market open

  • CVS Health (CVS.US) - before market open

  • Devon Energy (DVN.US) - after market close

  • Lyft (LYFT.US) - after market close

  • Marathon Petroleum (MPC.US) - before market open

  • Pfizer (PFE.US) - before market open

  • Sysco Corporation (SYY.US) - before market open

  • Warner Music Group (WMG.US) - before market open

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