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Another round of strong earnings reports from Chipotle, Snap Inc., Procter & Gamble, Johnson & Johnson, Coca-Cola, Harley-Davidson, Inc., Prologis, Inc., United Community Banks, Inc., Philip Morris International Inc., and the list go on. The good news is coming on both fronts, from the companies earnings and the economic data. Last week Markit Service and Manufacturing PMIs for UK, EU, Australia, and the USA were better than expected, which is evidence for solid momentum in the USA economy and pickup in the European economic activities.
Looking ahead with the reopening in Europe, the progress in vaccination in the western world, the support from the Central Banks, and various government initiatives, the economic growth will pick up the pace, and we may experience an economic boom during the summer of 2021.
The better-than-expected economic activity for the Q1 of 2021 was noticed by the Bank of Canada, which decided last week to reduce their QE program from $4 billion to $3 billion weekly net purchases of Government of Canada bonds. As can be expected The CAD reacted positively to the QE tapering and gained against the EUR, USD, NZD, AUD, JPY and the GBP.
In Europe, the ECB said that it will be premature to reduce their PEPP program (Pandemic emergency purchase program), however, soon or later the ECB will have to reduce their PEPP program.
In the week ahead the markets will be focused on the FED Interest Rate Decision and Fed Press Conference on Wednesday the 28th of April, any comments about the potential for reducing the QE program will upset the markets. Also, the following company’s reports can and most likely will move the stock markets.
TSLA Tesla, Inc. – Monday, 26 April 2021
AMD Advanced Micro Devices, Inc – Tuesday, 27 April 2021
MSFT Microsoft Corporation – Tuesday, 27 April 2021
GOOG Alphabet Inc. – Tuesday, 27 April 2021
GE General Electric Co. – Tuesday, 27 April 2021
SBUX Starbucks Corporation – Tuesday, 27 April 2021
V Visa – Tuesday, 27 April 2021
PINS Pinterest – Tuesday, 27 April 2021
AAPL Apple Inc. – Wednesday, 28 April 2021
FB Facebook – Wednesday, 28 April 2021
BA Boeing Co. – Wednesday, 28 April 2021
F Ford Motor Co. – Wednesday, 28 April 2021
SHOP Shopify – Wednesday, 28 April 2021
QCOM QUALCOMM Incorporated – Wednesday, 28 April 2021
SPOT Spotify Technology S.A. – Wednesday, 28 April 2021
MGM MGM Resorts International – Wednesday, 28 April 2021
TEVA Teva Pharmaceutical Industries Limited – Wednesday, 28 April 2021
EBAY eBay Inc. – Wednesday, 28 April 2021
AMZN Amazon.com Inc. – Thursday, 29 April 2021
NIO NIO Inc. – Thursday, 29 April 2021
TWTR Twitter – Thursday, 29 April 2021
NOK Nokia Corporation – Thursday, 29 April 2021
GILD Gilead Sciences Inc. – Thursday, 29 April 2021
AMRN Amarin Corporation plc – Thursday, 29 April 2021
OSTK Overstock.com Inc. – Thursday, 29 April 2021
X United States Steel Corp. – Thursday, 29 April 2021
MCD McDonald’s Corp. – Thursday, 29 April 2021
RCL Royal Caribbean Cruises Ltd. – Thursday, 29 April 2021
FSLR First Solar, Inc. – Thursday, 29 April 2021
MA MasterCard Incorporated – Thursday, 29 April 2021
CAT Caterpillar Inc. – Thursday, 29 April 2021
XOM Exxon Mobil Corporation – Friday, 30 April 2021
ABBV AbbVie Inc. – Friday, 30 April 2021
CVX Chevron Corp. – Friday, 30 April 2021
PSX Phillips 66 – Friday, 30 April 2021
CLX Clorox Corporation – Friday, 30 April 2021
GT Goodyear Tire & Rubber Co. – Friday, 30 April 2021
BCS Barclays – Friday, 30 April 2021
