Economic calendar: Meta Platforms earnings and durable goods orders in focus

7:54 AM 24 April 2024

Wednesday's session on equity markets promises to be positive. After yesterday's gains in Wall Street indices, the bullish trend was extended today by indices from Asian markets. Futures contracts also point to a higher opening of the session on the Old Continent. Such good sentiment is also a reaction to Tesla's (TSLA.US) results. Although the results were worse than expected, the stock price of Elon Musk's company rose 13.3%.

Investors' attention will turn today to data on durable goods orders from the US and Ifo data from Germany. In addition to Wall Street company results, investors will also react to data from Vinci, Carrefour, Orange, Air Liquide, Iberdrola, Roche, Volvo Car.

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Key readings of the day: 

09:00 am BST - Germany, Ifo business sentiment index. Expectations: 88.9; earlier: 87.8.

09:00 am BST - Poland, unemployment rate for March. Expectations: 5.3%. Earlier: 5.4%.

01:30 pm BST - USA, durable goods orders. Expectations: 2.5% m/m. Earlier: 1.3% m/m. 

01:30 pm BST - Canada, retail sales for February. Expectations: 0.1% m/m. Earlier: -0.3% m/m.

03:30 pm BST - US, oil inventories report. Expectations: 1.7mn barrels. Earlier: 2.74mn barrels (API data indicated a large drop in inventories: -3.24mn brk).

Wall Street company reports:

Boeing - before the market open

AT&T - before the market open

Meta Platforms - after session close

Ford Motors - after session close

IBM - after session close



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