A Dove Or a Hawk??

Intro: Investors will start turning their attention to earnings as Alcoa reports after the close on Wednesday. We have a light economic data week highlighted by Consumer Credit, Wholesale Inventories and ISM Services

FOMC Speeches: Multiple FOMC members will again be giving speeches throughout the week. Investors will be listening to their speeches for hints as to the timing of rate rises and their new interest rate trajectory. Any hints as to timing has the potential to see yields spike higher

Earnings: Later this week, traders will get their first look at first quarter earnings as Alcoa kicks off the unofficial start of earnings season. Traders will start assessing how much the Dollar appreciation has affected US multinationals bottom lines

FOMC Meeting Minutes: On Wednesday (4/8) the latest FOMC Minutes are released. Investors will be looking closely at the language to see what may have changed from the previous FOMC minutes

Central Banks: Central banks around the world are scheduled to make policy statements. Traders will be listening for any potential rate hikes or drops to further strengthen their nations’ economies. Moves in either direction have the potential to roil the markets 

Wild Card: This week, Greece is set to run out of money as early as this week (April 9 debt payment expected). Traders will be watching to see if Greece can come to an agreement with its creditors. If they can’t come to an agreement, we have the potential for another global market sell off and further depreciating of the Euro. The likely outcome is another “can kicking” event

 

MONDAY (4/6)

  • 10:00 AM ET – ISM Services - Mar
  • European Banks are closed in observance of Easter Monday
  • Spanish Unemployment Rate
  • FOMC Member William Dudley Speaks
  • Canada Ivey PMI 

 

TUESDAY (4/7)

  • 10:00 AM ET – JOLTS Job Openings - Feb  
  • 3:00 PM ET – Consumer Credit - Feb
  • Australia Retail Sales
  • Reserve Bank of Australia Rate Statement
  • European Final Services PMI
  • Great Britain Services PMI
  • FOMC Member Narayana Kocherlakota Speaks

 

WEDNESDAY (4/8)

  • 10:30 AM ET – Crude Oil Inventories
  • 2:00 PM ET – FOMC Minutes – Mar
  • Bank of Japan Monetary Policy Statement & Press Conference
  • FOMC Member William Dudley Speaks
  • FOMC Member Jerome Powell Speaks
  • Earnings: Alcoa, Bed Bath & Beyond

 

THURSDAY (4/9)

  • 8:30 AM ET - Weekly Jobless Claims
  • 10:00 AM ET – Wholesale Inventories - Feb
  • Bank of England Official Bank Rate and Statement
  • Canada Building Permits
  • Earnings: Walgreens, Constellation Brands 

 

FRIDAY (4/10)

  • 8:30 AM ET - Import/Export Prices - Feb
  • China CPI & PPI
  • Great Britain Manufacturing Production
  • Canada Unemployment Rate & Employment Change
  • FOMC Member Jeffrey Lacker Speaks
  • FOMC Member Narayana Kocherlakota Speaks