Economic Calendar – 5 Key Things To Watch This Week By Investing.com


© Reuters

Yazar: Noreen Burke

Investing.com – We are entering a busy earnings week with Amazon and Alphabet reports; Incentive negotiations in Washington and the first business report of 2021 will be big events we’ll be watching this week, but they may be overshadowed by the rivalry between individual investors and Wall Street hedge funds. It will be watched whether the short jams will continue by individual investors. Here’s what you need to know when entering the new week:

1. Great jam

Last week, individual investors using Robinhood and other apps led to a rally in GameStop (NYSE :), AMC (NYSE 🙂 and other stocks advocated on social media, including Reddit’s WallStreetBets.

US stock indexes have experienced their biggest weekly decline since October, with hedge funds selling stocks to compensate for losses due to short jams. However, Apple (NASDAQ 🙂 and Microsoft (NASDAQ 🙂 shared positive results.

Some market viewers worry that this brutal rally is a sign of great enthusiasm for the general stock market that could lead to volatility, while others believe it is nothing more than a side show.

2. Earnings reports

Market participants watch the companies as the quarterly earnings period continues at full speed.

“Overall the surprises have been positive, companies have shown positive signs that they are able to increase their earnings relatively more,” said Ellen Hazen, portfolio manager at FLPutnam Investment Management at Wellesley.

Among the names to report on Tuesday are Alphabet (NASDAQ 🙂 and Amazon (NASDAQ :). In the week there are Qualcomm (NASDAQ :), Snap (NYSE 🙂 and Pinterest (NYSE :).

Among some big names to follow closely Pfizer (NYSE:), GlaxoSmithKline (NYSE:), AbbVie (NYSE:), Biogen (NASDAQ:), Gilead Sciences (NASDAQ:), Merck (NYSE:) ve Bristol-Myers Squibb (NYSE:) bulunuyor.

3. January work report

The January non-farm payroll report will provide a first look at the health of the labor market under US President Joe Biden.

The report is expected to increase after the economy lost 140,000 jobs in December, but significant developments are unlikely to be seen until the economy reopens. The expectation for the unemployment rate is that it does not change in points.

Fed Chairman Jerome Powell said last week that the economic recovery depends on vaccine distribution. “There is nothing as important to the economy as vaccinating people.”

4. Incentive prospects

The Democrats-led US House of Representatives and the Senate will take the first steps to offer new incentives to families and businesses affected by the pandemic. More than 433,000 people died in America due to the pandemic.

Despite doubts by Republicans and some Democrats about the size of the $ 1.9 trillion package proposed by President Biden, the Senate is starting work for the legislature this week.

On Friday, Biden said Congress must move quickly, saying most economists believe additional incentives are needed.

The president also said he supports the adoption of the Covid-19 package, with or without the support of Republicans.

US national debt has risen 40% under Donald Trump’s administration, and the prospect of additional incentives has recently been among the factors that pushed Treasury returns to 10-month highs.

5. Fed talks

There will be a lot of Fed officials to speak about the labor market and economy this week.

Atlanta Fed President and Boston Fed chief will speak on Monday, New York Fed chairman {{ecl-1585 || John Williams}} and Cleveland Fed Chairman on Tuesday.

St. It will include Louis Fed President, director of the Philadelphia Fed, the Cleveland Fed, and the Chicago Fed executive.

– This news has the contribution of Reuters.

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