Fundamentals to watch out for this week

In terms of volatility risks, this week is relatively light both in terms of data and events.

What to watch for over the coming days:

• Central Banks:

Several speakers from U.S. Federal Reserve this week; Mester and Bullard on Monday, Williams on Tuesday, Kashkari, and Kaplan on Thursday, and Brainard on Friday. Several speakers from European Central Bank (ECB) this week; Lautenschläger, Coeure, and Praet on Monday, and Vice-president Constancio on Thursday. SNB chairman Jordon is set to speak on Thursday.    

• Economic data:

China retail sales, and industrial production report on Tuesday, house price report on Wednesday. UK unemployment report on Tuesday. Eurozone Q1 GDP and industrial production reports on Tuesday, and inflation report on Wednesday. German Q1 GDP report on Tuesday, April inflation report on Wednesday. U.S. retail sales report on Tuesday, Industrial production report on Wednesday. Japan Q1 GDP report on Tuesday. Australia will release unemployment report on Thursday. Canada retail sales and inflation report on Friday.

• Earnings:

10 companies listed on the S&P 500 are slated to report results next week. Big names include Walmart, Nordstrom, Home Depot, JCPenney and Deere & Co.

• Geopolitics:

NAFTA talks to continue this week with an aim to finish negotiations by the end of May.

Along with the above fundamentals, unscheduled Brexit commentaries, happenings in the Middle East, Spain’s Catalonia, and Korean peninsula are likely to keep influencing the market.

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