Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

How Much Did The US Grow By In Q1?

Published 25/04/2021, 07:44
Updated 21/10/2020, 09:15

The US is packing a lot into the final week of April, including a Fed meeting, some key Q1 data, and a stacked earnings calendar.

US

There are a few major events this week, starting with Wednesday’s Federal Reserve meeting.

Though, how notable that meeting will actually be is up for debate, as most analysts are expecting more of the same from Jerome Powell and co. In other words, further insistence that the US economy needs more time to recover, keeping interest rates are their current lows for the foreseeable future.

However, any slight shift in wording or sentiment, i.e. any signal that the Fed is set to reduce its emergency stimulus measures earlier than forecast, could have an outsized impact on not only the US, but global, markets.

Coming as a rather significant chaser to Wednesday’s Fed meeting is Thursday’s first glimpse Q1 GDP reading. After a 4.3% recovery, at the annualised rate, in the fourth quarter, the first quarter is expected to show growth of 6.0%, again at the annualised rate. The accuracy of that estimate could dictate play on Thursday afternoon.

Before that, there’s the durable goods orders on Monday and consumer confidence on Tuesday, while alongside the GDP data on Thursday you’ve got the usual jobless claims figure. Finally, on Friday, there’s the core PCE price index, Chicago PMI and consumer sentiment numbers.

If a Fed meeting and GDP reading weren’t enough, it is also the banner week for earnings. Elon Musk’s Tesla report on Monday, followed by Microsoft (NASDAQ:MSFT) and Google-parent Alphabet (NASDAQ:GOOGL) on Tuesday, Apple (NASDAQ:AAPL) and Facebook (NASDAQ:FB) on Wednesday, and Amazon (NASDAQ:AMZN) on Thursday.

UK

Making up for a barren economic calendar in the UK is a corporate schedule full of British big hitters.

BP’s first quarter figures get things going on Tuesday, while Wednesday has a full year report from J Sainsbury (LON:SBRY), Q1 numbers from GlaxoSmithKline (LON:GSK), and updates from Persimmon (LON:PSN) and Lloyds (LON:LLOY).

There’s no let up on Thursday, with half year figures from WH Smith (LON:SMWH), Q1 data from NatWest Group (LON:NWG) and Shell (LON:RDSa), and statements from Unilever (LON:ULVR) and Smith & Nephew (LON:SN).

Finally, Friday closes with first quarter updates from both Barclays (LON:BARC) and the headline-grabbing (for good and bad reasons) AstraZeneca (LON:AZN) (NASDAQ:AZN).

Eurozone

As is often the case, Germany is in the driving seat in the Eurozone this week, with the country posting its Ifo business climate data on Monday, Gfk consumer climate reading on Wednesday, inflation number on Thursday and retail sales figures on Friday.

"Disclaimer: Spreadex provides an execution only service and the comments above do not constitute (or should not be construed as constituting) investment advice or recommendations, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any person placing trades based on their interpretations of the above comments does so entirely at their own risk. Spreadex Ltd is a financial and sports spread betting and sports fixed odds betting firm, which specialises in the personal service and credit area. Founded in 1999, Spreadex is recognised as one of the longest established spread betting firms in the industry with a strong reputation for its high level of customer service and account management.

In relation to spread betting, Spreadex Ltd is authorised and regulated by the Financial Conduct Authority. Spread betting carries a high level of risk to your capital and can result in losses larger than your initial stake/deposit. It may not be suitable for everyone, so please ensure you fully understand the risks involved."

Original Post

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.