Breaking News
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Economic Calendar - Top 5 Things to Watch This Week

EconomyApr 25, 2021 10:42
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters.

By Jesse Cohen - Market participants are bracing for heightened volatility as the coming week will be dominated by several market-moving events, including a deluge of earnings news, and the Federal Reserve's monetary policy meeting.


There is also important first quarter U.S. growth data this week, which should lend further support to the notion that the economy is continuing to recover from its virus-related slowdown.


New spending and tax proposals from the White House will also be in focus.


Ahead of the coming week, has compiled a list of these and other significant events likely to affect the markets.


1. FAAMG + Tesla TSLA Earnings


There are about 180 S&P 500 companies, including 10 Dow components, reporting corporate results in what will be the busiest week of the first quarter earnings season on Wall Street.


Most of the focus will be on the five big-name mega-cap tech companies - Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), and Google-parent Alphabet (NASDAQ:GOOGL) - collectively known as the ‘FAAMG’ group of stocks.


All five are set to enjoy another quarter of blockbuster earnings and sales growth, given their growing dominance in the tech space.


Software and cloud giant Microsoft and internet search titan Google are both expected to release their latest numbers on Tuesday after the markets close. 


Tech and consumer electronics conglomerate Apple and social media company Facebook then follow with their respective earnings after the bell on Wednesday.


E-commerce and cloud behemoth Amazon is slated to release Q1 results after the market closes on Thursday.  


Meanwhile, Tesla (NASDAQ:TSLA) - the sixth most valuable company listed on the New York Stock Exchange - reports on Monday.


Some of other high-profile tech names reporting this week are Advanced Micro Devices (NASDAQ:AMD), Twitter (NYSE:TWTR), Pinterest (NYSE:PINS), Shopify (NYSE:SHOP), eBay (NASDAQ:EBAY), Qualcomm (NASDAQ:QCOM), and Texas Instruments (NASDAQ:TXN).


2. Boeing, Caterpillar , GE Highlight Blue Chip Earnings


Staying on the earnings front, a diverse group of blue chips, such as Boeing (NYSE:BA), Caterpillar (NYSE:CAT), General Electric (NYSE:GE), 3M Company (NYSE:MMM), Visa (NYSE:V), Mastercard (NYSE:MA), and United Parcel Service (NYSE:UPS) will also report their latest quarterly results this week.


Q1 reports from restaurant operators McDonald’s (NYSE:MCD), Starbucks (NASDAQ:SBUX), and Domino’s Pizza (NYSE:DPZ) are also on the agenda, as are corporate results from automakers Ford Motor Company (NYSE:F), and Nio (NYSE:NIO).


Pharmaceutical companies, like AstraZeneca (NASDAQ:AZN), Merck (NYSE:MRK), Bristol-Myers Squibb (NYSE:BMY), and Gilead Sciences (NASDAQ:GILD) are all on the docket as well.


Finally, Big Oil majors, ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX), are both set to round up the week when they release their latest earnings on Friday.


The Q1 corporate earnings season has gotten off to a strong start, with 86% of companies reporting earnings beats so far, according to Refinitiv.


3. Federal Reserve Rate Decision


The Federal Reserve is not expected to take any action on interest rates at the conclusion of its two-day policy meeting at 2:00PM ET on Wednesday, keeping it in a range between 0.0%-0.25%.


Fed Chair Jerome Powell will hold what will be a closely watched press conference 30 minutes after the release of the Fed's statement.


Powell is widely expected to defend the central bank’s policy of letting inflation rise above its 2% target, reiterating his message that the recent pick-up in prices is seen as temporary.


4. U.S. Advanced Q1 GDP


Investors will keep an eye on a preliminary reading of first quarter U.S. gross domestic product (GDP) for fresh clues on the strength of the economy.


The data is expected to show the economy expanded at an annual rate of 6.5% in the January-March period, accelerating from growth of 4.3% in the previous quarter.


The report is due at 8:30AM ET Thursday.


5. U.S. PCE Inflation Data


The Commerce Department will publish data on personal income and spending for March, which include the personal consumption expenditures (PCE) inflation figures, at 8:30AM ET Friday.


The consensus forecast is that the report will show that the core PCE price index - the Fed's preferred metric for inflation - inched up 0.3%, after rising by 0.1% a month earlier.


On an annualized basis, core PCE prices are expected to rise 1.8%.


The U.S. central bank uses core PCE as a tool to help determine whether to raise or lower interest rates, with the aim of keeping inflation at a rate of 2% or below.


Other top-tier economic data due this week includes the CB consumer confidence report, initial jobless claims, durable goods orders, and pending home sales.


Beyond the economic calendar, investors will also keep an eye for any fresh headlines surrounding U.S. President Joe Biden’s infrastructure spending package and tax proposals.


Biden is expected to detail his “American Families Plan” and the tax hikes to pay for it, including a much higher capital gains tax for the rich, when he addresses a joint session of Congress Wednesday evening.


-- Reuters contributed to this report

Economic Calendar - Top 5 Things to Watch This Week

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email