Oil rebounding while Greece continues to slowly unravel
The deal with Greece is dominating headlines with different corners speaking of a compromise, or how one will be impossible. Any negative news on the matter will weaken the continuing rally in stocks and indexes, but larger issues will be at play next week.
The meeting of the Federal Reserve will point markets in one direction or the other, although most traders don’t expect this one to have the all-important announcement of interest rate hikes.
Oil is playing the role of the comeback kid in the last couple of weeks, especially after it broke its last serious resistance level at $63 for Brent Crude. The bulls are lifting their noses again, after supply has been lowered to match the demand, but whether this will continue to be the case is up for discussion.
Earnings will also continue next week on both sides of the Atlantic, but traders on the Trading 212 PRO Platform might also want to check out the new Japanese stocks we’ve added recently.
Monday 27.4.15 – Not the most dynamic start to the week in terms of planned events with the Chairman of the Reserve Bank of Australia giving a speech late at 10:40pm GMT which might provide ammunition for AUD traders. Still, Apple’s earnings should provide some emotions for traders on the stock market and possibly for indexes.
Company earnings released: Apple
Tuesday 28.4.15 – Preliminary GDP from the UK will lead the way at 8:30am GMT, followed by Consumer Confidence numbers from the States. New Zealand’s Trade Balance will wrap things up at 10:45pm GMT.
Company earnings released: Standard Chartered, Pfizer, Merck, Ford, UPS, Twitter, GoPro
Wednesday 29.4.15 – A bank holiday for Japan in this otherwise eventful day. The ANZ Business Confidence announcement for New Zealand is first at 1:00am GMT. The European session will be coloured by the Preliminary CPI data for Germany which doesn’t have a set announcement time, so look out for a possible sharp move in indexes at some point.
The US takes over the mic at 12:30pm GMT with Advance GDP data before the main course at 6:00pm GMT when the FOMC will release their statement and the Federal Funds Rate.
Cash Rate and Rate Statement for New Zealand will be the last bit that might provide more volatility.
Company earnings released: Barclays, Antofagasta, British American Tobacco, MasterCard
Thursday 30.4.15 – This will be a busier day than usual, as many markets will close up for Friday, so there will most likely be more volume traded in the day and respectively larger moves.
The Monetary Policy Statement from Japan will come during the Asian session, followed by the BOJ press conference. Europe will keep the fire going with the Eurozone’s CPI Flash Estimate coming at 9:00am GMT.
At 12:30pm GMT there will be a double announcement from Canada – their GDP, month over month – and from the US who will send out the Unemployment Claims data.
Company earnings released: RBS, Shell, Coca-Cola, Time Warner, Exxon, AIG, LinkedIn, Visa
Friday 1.5.15 – Labour Day will be observed in Switzerland, France, Germany, Italy and China. Despite the latter’s holiday there will still be a Manufacturing PMI announcement to trade on at 1:00am GMT, followed shortly by a 1:30am GMT PPI release for Australia.
Britain and the US will have regular working days and trading so their Manufacturing numbers (coming out at 8:30am GMT and 2:00pm GMT respectively) will be the main points for the day.
Company earnings released: Berkshire Hathaway, Chevron
Our selection of articles for the weekend:
We’ve added a large number of Japanese stocks so to get up to date with the Japanese market you can check out this page, including the articles at the bottom left corner. (TradingEconomics)
With the Avengers: Age of Ultron coming out next Friday we we’re wondering how its expected stellar performance will impact Disney, who own the franchise. (SeekingAlpha, registration required)
The flash crash from 2010 has found itself someone new to blame. (BBC)
Xiaomi is taking share from Apple and Samsung at a fast pace and here’s how they did it in one difficult market – India. (The Verge)