Textual content dimension First-quarter earnings season ramps up this week, with 72 S&P 500 corporations on deck to report. Coca-Cola, IBM, and United Airways Holdings kick issues off on Monday, adopted by Johnson & Johnson, Lockheed Martin, Netflix, and Procter & Gamble on Tuesday. On Wednesday, Chipotle Mexican Grill, Halliburton, Lam Analysis, and Verizon Communications
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Chipotle Mexican Grill,
Notable releases on the financial calendar this week embrace the Nationwide Affiliation of Realtors’ existing-home gross sales knowledge for March and the Convention Board’s Main Financial Index for March, each on Thursday. On Friday,
releases each of its Manufacturing and Companies Buying Managers’ Indexes for April. The Census Bureau may also report gross sales of recent single-family homes for March.
Lastly, the European Central Financial institution will announce its newest monetary-policy determination in Frankfurt on Thursday. The consensus expectation is that policymakers will maintain its benchmark rate of interest unchanged at half a degree under zero.
Philip Morris Worldwide,
Procter & Gamble, and Vacationers report quarterly outcomes.
The European Central Financial institution declares its monetary-policy determination. The central financial institution is broadly anticipated to maintain its key short-term rate of interest unchanged at unfavourable 0.5%.
The Nationwide Affiliation of Realtors studies existing-home gross sales for March. Consensus estimate is for a seasonally adjusted annual charge of 6.3 million houses bought, barely increased than February’s 6.2 million. Current-home gross sales are barely off the current peak from final October, however are stronger than at any level because the housing bubble burst almost 15 years in the past.
The Convention Board releases its Main Financial Index for March. Economists forecast a 0.6% month-over-month improve, after a 0.2% achieve in February. The Convention Board’s most up-to-date forecast calls for five.5% progress in gross home product this 12 months.
American Categorical, Honeywell Worldwide,
and Schlumberger, launch quarterly outcomes.
IHS Markit releases each its Manufacturing and Companies Buying Managers’ Index for April. Expectations are for a 60.3 studying for the Manufacturing PMI and a 60.5 studying for the Companies PMI. Each estimates can be three-year highs for his or her respective indexes.
The Census Bureau studies gross sales of recent single-family homes for March. Consensus estimate is for a seasonally adjusted annual charge of 831,000 houses bought, up from February’s 775,000 determine. Then, the median gross sales value of a brand new house was $349,400, simply shy of December’s all-time excessive of $356,600.
Write to Nicholas Jasinski at [email protected]