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Major events to keep an eye for today
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Loading...1. Increase in the optimism of small businesses
The economic calendar today begins with data on optimism among small businesses.
As an average, economists expect the index to rise by 102.3% in April.
Regarding Fed statements, New York President John Williams will participate in a panel discussion called "Past lessons learned from the Evolutionary International Monetary Policy" in Zurich. We also expect inclusion from Esther George from Kansas and Mary Daly from San Francisco.
2. Reporting of cannabis-related companies
The corporate season is coming to an end, but there are still some reports to watch, including Ralph Lauren before the end of the session today.
Analysts expect earnings of 89 cents per share at sales of about $ 1.5 billion.
After the end of the session two large cannabis manufacturers will report.
Tilray is expected to report a three-month loss of 28 cents per share, with revenue of $ 20.5 million.
Analysts expect Aurora Cannabis to lose 4 cents a share on revenue of $ 52 million.
3. OPEC Monthly Report
Oil traders will be keen to watch OPEC's report today in order to create a proper supply and demand judgment that determines the price movement.
The cartel is expected to make a serious attempt to continue with a reduction in production that has been going on since winter, as the dominant country of Saudi Arabia shows that it is not in a mood to quit the current high commodity prices.
One of OPEC's ways to achieve its goal is to recognize the lower output of the group due to disruptions in Iran, Venezuela and Libya, while predicting higher supply outside OPEC and lower global oil demand.
After the end of the session, the American Petroleum Institute will release the US oil inventory. The API is expected to rise 2.8 million barrels last week.
Trader Aleksandar Kumanov Read more:
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