February 16, 2019 01:24 PM RSS

The Week Ahead Sees The G-7 Finance Ministers Meet

  • Wall Street Rebel | Geoff Garbacz
  • 05/27/2018 7:45 PM
The Week Ahead Sees The G-7 Finance Ministers Meet
The Dow Jones Industrial Average, S&P 100, Russell 2000 and NASDAQ 100 were all higher for the week.

1.Geopolitical and Fiscal Events. Monday sees the EU Foreign Affairs Council meet. Tuesday sees Federal Reserve St. Louis President James Bullard speak early Tuesday morning from overseas. Wednesday sees the Fed Beige Book out, G-7 meet and BOC issue its latest interest rate statement. Friday sees EU Tariff Exemptions removed.

2.Economic Releases. Releases of note this week and next include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as consumer confidence, Q1 GDP, Beige Book, personal income, pending home sales, Chicago PMI, nonfarm payrolls, construction spending and ISM Index.

3.Earnings Releases. Notable releases next week include CRM BNS BMO ADI COST VMW GOOS ANF.

Monday, May 28

Markets are closed as Memorial Day is observed and we give thanks to our military.

European Union Foreign Affairs Council meets in Brussels.

Tuesday, May 29

May Consumer Confidence is due out at 10:00 a.m. EDT and is expected to fall to127.50 from 128.70.

Wednesday, May 30

Q1 GDP (revised) is released at 8:30 a.m. EDT and expected to remain at 2.30%

May Federal Reserve Beige Book is due out at 2:00 p.m. EDT.

The Bank of Canada (BOC) announces its latest interest rate decision and rates are expected to remain at 1.25%.

G-7 Finance Ministers meet in Canada over the next four days.

The Federal Reserve holds an open board meeting to discuss potential changes to the Volcker Rule.

The OECD releases its semiannual economic outlook.

Thursday, May 31

April Personal Income is reported at 8:30 a.m. EDT and expected to remain at 0.3%.

May Chicago PMI is due out at 9:45 a.m. EDT and is expected to rise to 57.9 from 57.6.

April Pending Home Sales is due out at 10:00 a.m. EDT and is expected to rise to 0.7% from 0.4%.

Friday, June 1

May Nonfarm Payrolls are due out at 8:30 a.m. EDT and are expected to rise to 190,000 from 164,000 and the unemployment rate is expected to stay at 3.9%.

May ISM Index is due out at 10:00 a.m. EDT and is expected to rise to 58% from 57.3%.

April Construction Spending is due out at 10:00 a.m. EDT and is expected to 1.0% from a loss of -1.7%.

European Union tariff exemptions on steel and aluminum expire today.

Commerce Secretary Wilbur Ross heads to China on Saturday for more trade talks.

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