We’re into the heart of summer earnings season now with Q2 corporate reports likely to dominate the news this week on both sides of the border. The main events are Facebook on Wednesday and Amazon onThursday, with traders looking for reasons to justify inflated share prices. 

It’s also a big week for resource company earnings. US miners report on Tuesday, followed by Canadian gold companies on Wednesday and Canadian diversified miners on Thursday.

It’s also a big week for oil. Halliburton has already kicked things off with a positive report as energy exploration resumes with WTI holding $40. Suncor Energy reports on Wednesday with the US majors reporting later in the week. 

There are a few economic reports that could move the markets this week. GDP reports are due for the UK and Canada. Thursday night brings a number of key reports for Japan. The FOMC meeting is likely to be a non-event unless they give a clearer indication of when balance sheet trimming is supposed to start. 

Economic/political news (North America time)

Monday        
Flash manufacturing PMI for US, Germany, France

Tuesday      
Germany IFO survey

Wednesday  
FOMC Meeting (no changes expected)
UK GDP

Thursday    
US durable goods orders

Thursday 
Japan employment, inflation, retail sales

Friday        
Canada monthly GDP
FOMC Kashkari speaking

Earnings reports

Monday:
Alphabet/Google

Tuesday:
Caterpillar
General Motors
McDonalds
Newmont
Freeport
DuPont
3M
Canadian National

Wednesday:
Boeing
Facebook
Ford
Suncor Energy
Barrick Gold
Goldcorp
Agnico-Eagle
Loblaw

Thursday:
Amazon.com
Intel
Electronic Arts
ConocoPhillips
UPS
MasterCard
Starbucks
Mattel

Friday:
Exxon Mobil
Chevron
Merck
TransCanada
Bombardier



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