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

Home Sales, Deere, South Korea: 3 Things to Watch

Published 20/05/2021, 20:35
Updated 20/05/2021, 20:35
© Reuters.

© Reuters.

By Christiana Sciaudone

Investing.com -- Markets bounced back today thanks to those cheeky tech stocks.

The taper game is in full swing, with indications on Wednesday that the Fed's starting to think about tapering bond purchases being countered by weak job numbers for April, themselves going contrary to the jobless claims that came out at the lowest yet in the pandemic earlier today. 

Bitcoin cut gains after the Treasury Department said it would require that any transfer worth $10,000 or more be reported to the Internal Revenue Service. In case you missed it, yesterday, billions of dollars were wiped off the total crypto market, leading to a plunge in BTC to $30,261. The crypto has since climbed back to $40,340.   

We'll get insight on home sales tomorrow, along with some more earnings and a little diplomacy in Washington, D.C. 

Here are three things that could affect markets tomorrow:

1. Homes for sale

Existing home sales for April should show a slight improvement as the spring selling season gets going, though a lack of inventory will still work to keep numbers down and prices up. Consensus is for a monthly gain of 0.7% to 6.05 million. The numbers are due at 10:00 AM ET (1400 GMT).

2. Nothing runs like a...

Deere (NYSE:DE), which is one of the lone standouts reporting on Friday. Surging agriculture markets should help drive strong results for the farm-equipment maker. Estimates are for adjusted earnings of $4.47 a share on $10.3 billion of revenue.

3. A little Friday diplomacy

President Joe Biden meets with South Korean President Moon Jae-in, who becomes the second world leader to visit since Biden took office. Expect North Korea's nuclear ambitions to be high on the list of topics discussed, as well as trade and vaccine sharing.

 

 



 

 

 

 

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.