After wild fluctuations in recent trade sessions at Wall Street and Global Markets, driven by the chaos of US President Donald Trump’s Multi-Front Trade War, investors will follow economic developments closely in the coming week.
The tariff struggle of the United States and China has led the fear of a lasting trade war between the world’s two largest economies in the world.
On Wednesday, Trump had announced a 90-day break for radical rates, which attributes more than 75 countries, while at 104% he raised raised ups on China to 125%.
In the coming week, the release of economic data, including the sale of retail, will see industrial production, export and import price index and company inventories.
In the profit calendar, large companies such as Goldman Sachs, J&J, Bank of America, Citigroup, United Airlines and Abbott Labs are planned to report the results of the first quarter of the week.
Tech stocks in Focus
Shares of technology companies will be in focus because the Trump administration has exempt a series of consumer electronics from its punitive import rates.
At the end of Friday, a statement from the American customs and border protection agency said that smartphones, laptops, memory chips and other products would be excluded from the Global Levies that President Trump had imposed a week ago.
Economic
On April 15 (Tuesday), individual reports on the import price index for March and Empire State Manufacturing Survey will be released for April.
On April 16 (Wednesday), individual reports on American retail trade for March, industrial production for March, capacity use for March, business stocks for February and Home Builder Confidence Index for April will be revealed.
On April 17 (Thursday) the first unemployed claims for the week will end on 12 April, homes for March, building permits for March, and Philadelphia Fed Manufacturing Survey will be released for April.
Gain
The following companies will report the profit of the first quarter in the coming week – Goldman Sachs, FB Financial, J&J, Bank of America, Citigroup, United Airlines, Abbott Labs, Kinder Morgan, Taiwan Semiconductor, UnitedHealth, Blackstone and Keycorp.
Markets last week
American stock indices made a solid profit on Friday when large banks started the profit season of the first quarter.
The industrial average of Dow Jones rose by 619.05 points, or 1.56%, to 40,212.71, the S&P 500 achieved 95.31 points, or 1.81%, up to 5,363.36 and the Nasdaq composite achieved 337.15 points or 2.06%, up to 16,724.46.
All three most important benchmarks ended the session greatly higher after the guarantees of Boston Federal Reserve President Susan Collins that the FED is willing to make the financial markets function if the need occurs.
