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- Market drivers in the new week 06-10.05.2019
Market drivers in the new week 06-10.05.2019
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Loading...Based on the economic calendar, we can come to the conclusion that the next trading week will have a relatively quiet start. But by the end of Monday, things will change. The economic calendar includes a decision on the interest rates in Australia and New Zealand on Tuesday and Wednesday, respectively. Traders estimate the chances of a rate cut of about 40-50%. The expected decrease will be 0.25%.
Larger corporate reports have passed, but there are still a few that can move markets next week. On Tuesday, Lyft, which became public recently, will report its first earnings as an exchange traded company. Shares reached $ 88.60 in the first trading day on March 20th, after which they collapsed. The bottom reached $ 54.32 on April 26 and is currently at $ 62.29.
Walt Disney will publish their reports on Wednesday. Disney jumped after announcing that they would start selling a subscription to their own platform, directly competing with Netflix. They also enjoy the awesome performance of their latest Avengers hit movie. The price went up to the top of $ 142.37, but then dropped and is currently at $ 134.26.
On Monday, we expect the Sysco and Tyson Foods reports. On Tuesday comes Electronic Arts, Sprint, Emerson Electric, NCR, Lyft and Papa Johns. Wednesday is the day of McKesson, Century Link, Dropbox, Walt Disney, and New York Times. Thursday comes the ranks of Liberty Media, Callaway Golf, Symantic, Eastman Kodak, Zillow and GoPro. The week will end with the reports of Revlon and Marriot Int'l.
In addition to releases and reports, there are several topics of conversation that are of interest to investors. It is obvious that trade negotiations between the US and China are coming to an end, and many experts are of the opinion that Washington can turn its attention to the EU. These concerns come as the US and part of their European allies have encountered problems with Huawei's role in the development of 5G - something Donald Trump and his administration are of key importance.
Of course Brexit will again dominate the headlines. Despite all the uncertainty and damage from Brexit, this event still creates a good investment opportunity. House prices in the UK are currently being offered with great discounts. Housing prices of less than £ 2m in the most desirable neighborhoods of the capital fell the most in 10 years in the first three months of the year after politicians failed to reach a consensus on the important issues Brexit was up against. Transaction volumes jumped sharply as new buyers entered the market and took advantage of potential rebates.
Monday:
12:00 Europe - Retail Sales
20:45 Canada - BoC Gov Poloz Speaks
Tuesday:
04:30 Australia - Retail Sales
07:30 Australia - RBA Interest Rate Decision
17:00 USA - JOLTs Job Openings
17:00 Canada - Ivey PMI
23:30 USA - API Weekly Crude Oil Stock
Wednesday:
05:00 New Zealand - RBNZ Interest Rate Decision
14:30 Europe - ECB Publishes Account of Monetary Policy Meeting
17:30 USA - Crude Oil Inventories
18:39 China - Trade Balance
Thursday:
15:30 USA - PPI
Friday:
04:30 Australia - RBA Monetary Policy Statement
11:30 UK - Gross Domestic Product
11:30 UK - Industrial Production
15:30 USA - CPI
20:00 USA - Baker Hughes Oil Rig Count
Trader Aleksandar Kumanov Read more:
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