Next week, the Federal Reserve rate decision will take place on Wednesday, May 1 at 2 PM ET followed by the press conference scheduled for 2:30 PM ET. That rate decision will highlight the economic releases and events for the trading week starting April 29.
Also on the economic calendar:
Monday, April 29
German CPI. Estimate 0.6%
Tuesday, April 30
China PMI. Expectations 50.3 versus 50.8 last monthCanada GDP MoM (8:30 AM ET). Estimate 0.3% versus 0.6% last month.US employment cost index for the first quarter (10 AM ET). 1.0% versus 0.9% last quarterUS consumer confidence (10 AM ET). Estimate 104.0 versus 104.7 last month
Wednesday, May 1
New Zealand employment statistics (6:45 PM ET, Tuesday). Employment change 0.3% versus 0.4% last quarter. Unemployment rate 4.3% versus 4.0 presentUS ADP nonfarm employment change (8:15 AM ET). Estimate 180K versus 184K last monthUS ISM manufacturing (10 AM ET). Estimate 50.0 versus 50.3 last monthUS JOLTs job openings (10 AM ET). Estimate 8.68 million versus 8.76 million last monthFederal Reserve interest rate decision (2 PM ET). No change expectedFederal Reserve press conference (2:30 PM ET)
Thursday, May 2
Swiss CPI MoM (2:30 AM ET). Estimate 0.2% versus 0.0% last month.US initial jobless claims (8:30 AM ET). Estimate 210K versus 207K last week.Bank of Canada’s Macklem speaks (8:45 AM ET)
Friday, May 3
US jobs statistics (8:30 AM ET). Non-farm payroll estimate 250K versus 303K last month. Unemployment rate 3.8% versus 3.8% last month. Average hourly earnings of 0.3% versus 0.3% last month.US ISM services PMI (10 AM ET). Estimate 52.0 versus 51.4 last month.
In addition to the key economic releases,the earnings calendar next week will once again be full of a number of key large-cap stocks. Below is a sampling of the major releases for each trading day (* is after the close):
Monday, April 29
Domino’s PizzaPhillipsParamount*Logitech*
Tuesday, April 30
PayPalLily3MMcDonald’sCoca-ColaAmazon *AMD*Super Micro Computers*Starbucks*Pinterest
Wednesday, May 1
PfizerCVSMasterCardMarriottQualcomm *Carvana *
Thursday, May 2
PelotonModernaApple *Coinbas *Block *DraftKings *Fortinet *
Friday, May 3
Hersey
* After the close. The
This article was written by Greg Michalowski at www.forexlive.com.