The first day of the week starts quite calmly in the markets. The macroeconomic calendar has no major events planned that could significantly impact global financial markets.
However, later in the week, investors will see many interesting reports, including a series of quarterly results from Nasdaq tech giants. Tomorrow will begin with the release of preliminary PMI data for April for Australia, Japan, France, Germany, the Eurozone, and the United Kingdom. Analyst expectations indicate a continued improvement in sentiments for nearly every country. Then, on Thursday, investors will learn the preliminary estimates of U.S. GDP for the first quarter of 2024. The consensus indicates a fairly large drop in annualized GDP to 2.4% compared to 3.4% for the final data of Q4 2023.
Apart from macroeconomic publications, investors' attention will also be focused on the quarterly results of companies from Wall Street. This week, several of the larger tech companies will publish their reports, including Tesla, Microsoft, Alphabet, Meta, and Intel.
Detailed schedule for the week:
April 22: Monday
- 02:15 AM BST - China, Loan Rate
- 09:00 AM BST - Poland, Reports on industrial production, wages, and employment for March
April 23: Tuesday
- (All day) - Preliminary PMI data for April for Australia, Japan, France, Germany, the Eurozone, and the United Kingdom
- 09:00 AM BST - Poland, retail sales for March
- 14:45 PM BST - USA: PMI Index for services and industry (preliminary) for April
- 15:00 PM BST - USA: New home sales for March
- 15:00 PM BST - USA: API weekly crude oil stock change
April 24: Wednesday
- 02:30 AM BST - Australia: CPI Inflation in Q1
- 09:00 AM BST - Germany: Ifo Institute Index for April
- 13:30 PM BST - USA: Orders for durable goods (preliminary) for March
- 15:30 PM BST - USA: Weekly crude oil stock change
April 25: Thursday
- 12:00 PM BST - Turkey, CBRT interest rate decision
- 13:30 PM BST - USA: Unemployment benefit claims (weekly)
- 13:30 PM BST - USA: Annualized GDP (preliminary) for Q1
- 15:30 PM BST - USA, Natural gas stock change data
- 23:00 PM BST - Japan: Interest rate decision
- 23:00 PM BST - Japan: Press conference after BoJ meeting
April 26: Friday
- 13:30 PM BST - USA, March PCE inflation
- 15:00 PM BST - USA, UoM inflation forecasts
Company schedule:
- Tesla (TSLA.US) - Tuesday after the session
- Meta (META.US) - Wednesday after the session
- Microsoft (MSFT) - Thursday after the session
- Alphabet (GOOGL.US) - Thursday after the session
- Intel (INTC.US) - Thursday after the session
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