In terms of volatility risks, this week is relatively heavy both in terms of data and events.
What to watch for over the coming days:
- Central Banks:
U.S. Federal Reserve’s Bullard to speak Tuesday, Bank of Japan’s Kuroda to speak on Wednesday, and Swiss National Bank’s (SNB) chairman Jordon to speak on Wednesday. Bank of Canada (BoC) will announce the rate decision on Wednesday.
- Economic data:
German inflation report on Wednesday, along with unemployment report. U.S. Q1 GDP and ADP employment report on Wednesday, PCE inflation report on Thursday, and NFP report on Friday.
- Earnings:
9 companies listed on the S&P 500 are slated to report results next week. Big names include HP Inc, Salesforce.com, Michael Kors, PVH, Dollar Tree, Dollar General, Costco and Ulta Beauty.
- Geopolitics:
G7 meeting on Friday. The focus will be on Europe this week as Spain could face an early election after a no-confidence move by the opposition, whereas Italy could go for re-election as the president rejects finance ministers’ bid.
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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