The following is a daily rundown of the economic reports and corporate earnings that will be grabbing the market's attention in the week ahead.
MONDAY, April 28
Japan releases retail sales for March.
(10 a.m. ET) U.S. pending home sales for March. Consensus is for a rise of 0.8 per cent, which follows a 0.8 per cent decline in February.
The Parliamentary Budget Officer releases a report entitled “Economic and Fiscal Outlook 2014.”
Earnings include: Precision Drilling; Suncor; Tembec; Boardwalk Pipeline Partners; Buffalo Wild Wings; Choice Hotels International; Denny’s; Herbalife; HealthSouth; Loews; National Oilwell Varco; Southern Copper; TC PipeLines.
TUESDAY, April 29
Euro zone releases economic confidence survey; Germany releases consumer confidence and inflation data, and Italy reports retail sales.
(9 a.m. ET) S&P Case-Shiller U.S. home price index for February, forecast to rise 0.7 per cent from January, or 13 per cent from a year earlier.
(10 a.m. ET) U.S Conference Board consumer confidence index. Consensus is for 83.0, up from March's 82.3.
(330 p.m. ET) Bank of Canada Governor Stephen Poloz speaks before the House of Commons.
Earnings include: Cameco; Davis + Henderson; Excellon Resources; FirstService; Genworth MI; Horizon North; Lundin Mining; Methanex; TransAlta; Yamana Gold; Archer-Daniels-Midland; Coach; comScore; Deutsche Bank; Dolby Laboratories; eBay; Forest Laboratories; Hertz Global Holdings; Marriott International; McGraw Hill Financial; Merck; MGM Resorts; Sprint; Twitter; United States Steel; United Therapeutics; Valero Energy.
WEDNESDAY, April 30
Japan releases manufacturing purchasing mangers index for April and industrial production for March.
Euro zone releases inflation data for April, Germany releases unemployment stats and retail sales. Italy reports on its jobless rate and inflation.
(830 a.m. ET) Canada releases February GDP, forecast to rise 0.2 per cent.
(830 a.m. ET) Canada releases industrial product prices and raw material prices for March, forecast to rise 0.5 per cent and 1.0 per cent, respectively.
(815 a.m. ET) U.S. releases the ADP National Employment Report.
(830 a.m. ET) U.S. releases first-quarter GDP. Consensus is for a rise of 1.2 per cent when annualized, which would be down from 2.6 per cent in the fourth quarter of last year.
(2 p.m. ET) Federal Reserve makes announcement on interest rates following two-day policy meeting.
(415 p.m. ET) Bank of Canada Governor Stephen Poloz speaks before the Senate.
Earnings include: Barrick Gold; Bell Aliant; Canadian Oil Sands; Canfor Corp.; Cenovus Energy; CGI Group; Constellaton Software; Detour Gold; HudBay Minerals; Jean Coutu; Loblaw; MEG Energy; Sherritt International; Teranga Gold; Timmins Gold; Wi-LAN; Ashland; Ballard Power Systems; Carlyle Group; Coca-Cola; First Solar; GlaxoSmithKline; Hess; Hyatt Hotels; Murphy Oil; Pengrowth Energy; Phillips 66; Pitney Bowes; Royal Dutch Shell; Thomson Reuters; Time Warner; Vale; WebMD Health; Wieght Watchers; Western Digital; Yelp; Zillow.
THURSDAY, May 1
China releases manufacturing purchasing managers index for April. BMO economists forecast a reading of 50.5, slightly higher than March's 50.3.
Automakers release vehicle sales for April.
(830 a.m. ET) U.S. releases initial jobless claims for last week, forecast to decline 9,000 to 320,000.
(830 a.m. ET) U.S. releases personal income and spending for March. Consensus is for a rise of 0.5 per cent and 0.6 per cent, respectively.
(830 a.m. ET) Federal Reserve Chair Janet Yellen speaks in Washington, DC, to the Independent Community Bankers of America.
(945 a.m. ET) Markit U.S. Manufacturing purchasing managers index for April.
(10 a.m. ET) U.S. manufacturing PMI data for April.
(10 am. ET) US. construction spending for March. Consensus is for a 0.6 per cent rise from February.
(4 p.m. ET) Ontario releases budget.
Earnings include: Agnico-Eagle; AltaGas; Bombardier; Brookfield Residential Properites; Catamaran; CCL Industries; Colabor Group; Constellation Software; Eldorado Gold; Enbridge Energy Partners; Fairfax Financial; First Quantum; GMP Capital; Goldcorp; Imperial Oil; MacDonald Dettwiler; Manulife Financial; Maple Leaf Foods; North American Palladium; Penn West; Pizza Pizza Royalty; Resolute Forest; Sierra Wireless; Stella-Jones; Strongco; Western Energy Services; Avon Products; Clorox; Cigna; ConocoPhillips; Domino’s Pizza; Expedia; Exxon Mobil; Fluor; Gartner; Jarden; KBR; Kellogg; Kraft Foods; LinkedIn; Manchester United; Marathon Petroleum; Motorola Solutions; Viacom
FRIDAY, May 2
Japan releases jobless rate and household spending. Euro zone releases manufacturing PMI and jobless rate. And China releases its non-manufacturing PMI for April.
(830 a.m. ET) U.S. releases nonfarm payrolls for April. Consensus is for 210,000 net new jobs, with the unemployment rate falling one notch from March to 6.6 per cent.
(10 a.m. ET) U.S. releases factory orders for March. Consensus is for a rise of 1.5 per cent.
TransCanada Corp. holds its annual general meeting.
Earnings include: Clearwater Seafoods; Gildan Activewear; Gluskin Sheff; Norbord; TransCanadaReport Typo/Error
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