Analytics, 12 April 2021
What will drive the markets this week?
Global stocks finished higher last week, capping weeks of gains for major equity benchmarks amid rising reopening optimism. The tech sector outperformed while the energy sector lagged. Still, the returns were broad across sectors with 10 of the 11 S&P sectors ending the week higher.
This week, investors will digest earnings from several big financial firms, including Goldman Sachs, Wells Fargo, and Bank of America. Investors will also parse retail sales data for March, which will be released on Friday, along with preliminary consumer sentiments for April.
Analysts are also closely watching Coinbase, the largest cryptocurrency exchange operator in North America, which goes public via direct listing this Tuesday.
Monday, April 12:
- Eurozone Retail Sales (February).
- Indian Consumer Price Index (CPI) (February).
- Chinese Trade Balance (March).
Tuesday, April 13:
- U.K. Gross Domestic Product (GDP) Estimate (February).
- U.K. Industrial Production (February).
- U.K. Manufacturing Production (February).
- U.K. Trade Balance (February).
- German ZEW Economic Sentiment (April).
- Brazilian Retail Sales (February).
- U.S. CPI (March).
Wednesday, April 14:
- Earnings from JPMorgan Chase & Co., Wells Fargo & Co., and Goldman Sachs Group.
- Cryptocurrency Exchange Operation Coinbase Goes Public Through Direct Listing.
- Indian Wholesale Price Index (WPI) (March).
- Eurozone Industrial Production (February).
- U.K. Labor Productivity (Q4).
- U.S. Export and Import Prices Indexes (March).
- Bank of England Credit Conditions Survey.
- U.S. Federal Reserve Beige Book.
Thursday, April 15:
- Earnings from Bank of American, and Delta Air Lines.
- German CPI (March).
- French CPI (March).
- Italian CPI (March).
- U.S. Core Retail (March).
- U.S. New York Empire State Manufacturing Index (April).
- U.S. Philadelphia Fed Manufacturing Index (April).
- U.S. Retail Sales (March).
- U.S. Industrial Production (March).
- U.S. Retail Inventories Ex-Auto (February).
- Chinese GDP (Q1).
- Chinese Industrial Production (March).
- Chinese Unemployment Rate (March).
Friday, April 16:
- Eurozone CPI (March).
- Eurozone Trade Balance (February).
- U.S. Building Permits (March).
- U.S. Housing Starts (March).
- U.S. Preliminary Michigan Consumer Expectations and Sentiments (April).