What will drive the markets this week?
The volatility experienced in the stock market last week is likely to continue this week, as investors digest corporate earnings, and among others, news that President Joe Biden would propose a large increase on the capital gains tax for the wealthiest Americans in line with his campaign promises.
Corporate earnings have been coming up much better than expected, and expectations are high this week as big tech companies report their fiscal performance this week. Tesla, Amazon, Alphabet, Microsoft, AMD, Apple, Facebook, and Ford are among firms reporting this week.
Meanwhile, crypto investors are hoping recent the recent selling spate comes to a stop after Bitcoin tumbled into a bear market last week on worries about higher taxes and potential rules coming down from regulators.
Monday, April 26:
- Tesla Reports Earnings.
- Market Holiday in New Zealand for ANZAC Day.
- German Ifo Business Climate Index (April).
- U.S. Durable Goods Orders (March).
- Bank of Japan Interest Rate Decision.
Tuesday, April 27:
- General Electric (GE), Alphabet (GOOGLE), Microsoft (MSFT), and AMD (AMD) Report Earnings.
- Market Holiday in South Africa for Freedom Day.
- U.S. Conference Board Consumer Confidence Index (April).
- U.S. S&P/CS Home Price Index (February).
- Japanese Retail Sales (March).
Wednesday, April 28:
- Apple (AAPL), Ford (F), Boeing (BA), Facebook (FB), and MGM Resorts International (MGM) Report Earnings
- German GFK Consumer Climate Index (May).
- U.S. Goods Trade Balance (March).
- U.S. Retail Inventories Excluding Autos (March).
- U.S. Federal Reserve Interest Rate Decision.
- Canadian Retail Sales (February).
Thursday, April 29:
- Amazon (AMZN) and Nio (NIO)Report Earnings.
- Market Holiday in Japan for Showa Day.
- German Unemployment Rate (April).
- U.S. Gross Domestic Product (GDP) (Q1).
- U.S. Pending Home Sales (March).
- Japanese Tokyo Core Consumer Price Index (CPI) (April).
- Chinese Manufacturing and Non-Manufacturing Purchasing Managers’ Indexes (PMIs) (April).
Friday, April 30:
- ExxonMobil Reports Earnings.
- French GDP (Q1).
- German GDP (Q1).
- French Consumer Spending (March).
- Spanish GDP (Q1).
- Eurozone CPI (April).
- Eurozone Unemployment Rate (March).
- U.S. Core Personal Consumption Expenditure (PCE) Price Index (March).
- U.S. Chicago PMI (April).
- U.S. University of Michigan Consumer Expectations and Sentiment Index (April).
- Canadian GDP Estimate (February).