What will drive the markets this week?
Global stocks closed higher last week, driven by positive jobs reports and news of talks between Ukraine & Russia. Still, commodity prices, mainly oil, remained volatile, mirroring ongoing supply shortages intensified by Russia’s invasion of Ukraine.
This week, investors will parse various economic data to be released that will provide further insight into current economic conditions. Notably, the IHS Markit will release its March U.S. Composite PMI, which tracks business activity across the manufacturing and services sectors – the index is expected to project continued improvement in private sector business growth. Meanwhile, the Institute for Supply Management (ISM) will also release its monthly Non-Manufacturing PMI report for March on Tuesday – the index provides insights into the strength and growth of the services sector.
Companies including Levi Strauss, Exelon, AngloGold, and Constellation Brands report earnings.
Monday, April 4:
- Earnings from AngloGold.
- Factory Orders (February)
- Japan Jibun Bank Composite and Service PMI (March)
Tuesday, April 5:
- ISM Non-Manufacturing PMI (March)
- S&P Global U.S. Composite PMI (March)
- China Caixin Composite and Services PMI (March)
Wednesday, April 6:
- Earnings from Levi Strauss & Exelon.
- Federal Open Market Committee (FOMC) Meeting Minutes
- Area Producer Price Index (February)
Thursday, April 7:
- Earnings from Constellation Brands (STZ).
- Euro Area Retail Sales (February)
Friday, April 8:
- Wholesale Inventories (February)