Upcoming economic events
Wednesday:
Friday:
Friday:
In the upcoming week, several major companies are slated to announce their earnings, potentially influencing market trends and investor sentiment. Among these, four of the Magnificent 7—Meta, Microsoft, Apple, and Amazon—are poised to release their quarterly earnings, drawing considerable attention due to their significant market influence and robust past performances.
- Australia CPI (9:30 PM ET). Estimate is 0.8% compared to 0.9% last month. Year-on-year, 2.1% versus 2.1% last month.
Thursday:
- ADP nonfarm payroll employment change at 8:15 AM ET. Estimate 75K vs -33K last month.
- Advance GDP 2Q at 8:30 AM ET. Estimate 2.5% versus -0.5% last quarter.
- Bank of Canada rate decision at 9:45 AM ET. No change expected at 2.75%.
- FOMC rate decision at 2 PM ET. No change expected at 4.5%.
- Fed Chair press conference at 2:30 PM ET.
- Bank of Japan rate decision (variable). No change expected.
As Thursday begins, CVS Health, Roblox, and Cigna will report before markets open, allowing traders to gauge the health and tech sectors’ current trajectory. Given the global nature of these corporations, their reports often have ripple effects that extend beyond the US borders.
- BOJ press conference
- Canada GDP MOM at 8:30 AM ET. Estimate -0.1% compared to -0.1% last month.
- US Core PCE price index at 8:30 AM ET. Estimate +0.3% versus 0.2% last month.
- US initial jobless claims at 8:30 AM ET. Estimate 220K compared to 217K last month.
Tuesday:
- US Nonfarm payroll change at 8:30 AM ET. Estimate 103K compared to 147K last month.
- US unemployment rate at 8:30 AM ET. Estimate 4.2% versus 4.1% last month.
- US average hourly earnings at 8:30 AM ET. Estimate 0.3% versus 0.2% last month.
- US ISM Manufacturing PMI at 10 AM ET. Estimate 49.5 compared to 49.0 last month.
earnings reports
Friday:
Thursday:
Wednesday’s highlights include Meta Platforms and Microsoft, reporting after close, both of which could impact tech-heavy indices and investor sentiment globally. The inclusion of Ford and ARM Holdings in the day’s lineup further diversifies the sectors under scrutiny.
As the week continues, Thursday’s reports will include CVS Health (CVS), Roblox (RBLX), and Cigna (CI) before the market opens, with these companies’ performance reflecting broader themes in healthcare and digital entertainment. Investors will keenly watch for any strategic shifts or market forecasts presented in these earnings calls.
In addition to these tech giants, other major players such as UnitedHealth, Boeing, Merck, Visa, Starbucks, MasterCard, Exxon, and Chevron will also report their earnings. Each of these companies holds significant weight in their respective sectors, and their results can influence investor sentiment broadly.
Tuesday promises a busy morning with UnitedHealth Group (UNH), PayPal (PYPL), Boeing (BA), UPS, Spotify (SPOT), Merck (MRK), and Procter & Gamble (PG) all reporting before the market opens. These releases will span a variety of industries, offering a comprehensive view of sectors from healthcare and finance to consumer goods and technology. As the day progresses, after-market earnings from Visa (V), Starbucks (SBUX), Seagate (STX), Booking Holdings (BKNG), The Cheesecake Factory (CAKE), and Whirlpool (WHR) will provide further insights, particularly into consumer spending patterns and tech trends.