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)
Flash manufacturing PMI for US, Germany, France
Germany IFO survey
FOMC Meeting (no changes expected)
US durable goods orders
Japan employment, inflation, retail sales
Canada monthly GDP
FOMC Kashkari speaking
CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.
CMC Markets Canada Inc. is a member of the Investment Industry Regulatory Organization of Canada and Member-Canadian Investor Protection Fund / Membre-Fonds canadien de protection des épargnants. CFDs are distributed in Canada by CMC Markets Canada Inc. dealer and agent of CMC Markets UK plc. Trading CFDs and FX involves a high degree of risk and investors should be prepared for the risk of losing their entire investment and losing further amounts. CMC Markets is an execution only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities.
CFD and FX trading with CMC Markets is only available in jurisdictions in which CMC is registered or exempt from registration, and in Alberta is available to Accredited Investors only. CMC Markets neither solicits nor accepts business or accounts from residents of the United States of America.
CMC Markets er en ‘execution-only service’ leverandør. Dette materialet (uansett om det uttaler seg om meninger eller ikke) er kun til generell informasjon, og tar ikke hensyn til dine personlige forhold eller mål. Ingenting i dette materialet er (eller bør anses å være) økonomiske, investeringer eller andre råd som avhengighet bør plasseres på. Ingen mening gitt i materialet utgjør en anbefaling fra CMC Markets eller forfatteren om at en bestemt investering, sikkerhet, transaksjon eller investeringsstrategi. Denne informasjonen er ikke utarbeidet i samsvar med regelverket for investeringsanalyser. Selv om vi ikke uttrykkelig er forhindret fra å opptre før vi har gitt dette innholdet, prøver vi ikke å dra nytte av det før det blir formidlet.