Monday, April 6 – ISM Services PMI and Focus on Tech & AI
The week kicks off with the release of the ISM Services PMI (4:00 PM), a key indicator of the health of the US services sector. Any surprises could impact the dollar and US indices.
Macroeconomy
- ISM Services PMI (USD – 4:00 PM)
Markets & Companies
- No IPOs scheduled this week
- Lock-up expiration: Alliance Laundry, Phoenix Education Partners, Leifras
- Powell Industries starts trading on an adjusted basis (3:1 split)
- HumanX AI Conference (Amazon Web Services, Google, Microsoft, NVIDIA, OpenAI…)
- UiPath Strategic Webinar (11:30 AM)
Tuesday, April 7 – Durable Goods Orders & Inflation Expectations
The day is marked by Durable Goods Orders (2:30 PM), an advanced barometer of industrial investment.
Macroeconomy
- Core Durable Goods Orders m/m (2:30 PM)
- Durable Goods Orders m/m
- 1-Year Inflation Expectations (NY Fed)
- Manheim Used Vehicle Value Index
Companies
- Results: Levi Strauss, Greenbrier
- Nutanix Investor Day
- Speech by Austan Goolsbee (Chicago Fed)
Wednesday, April 8 – FOMC Minutes and Major Earnings
Markets await the FOMC Minutes (8:00 PM) to decipher the Fed's future intentions.
Macroeconomy
- FOMC Meeting Minutes (8:00 PM)
Companies
- Results: Delta Air Lines, Constellation Brands, PriceSmart
- FedEx investor event (focus on FedEx Freight)
- Zscaler at Wells Fargo Software Symposium
- Costco monthly sales (after the close)
Thursday, April 9 – Core PCE: The Fed’s Preferred Indicator
Highlight of the week with the Core PCE Price Index (2:30 PM), the Fed’s favored inflation gauge (consensus: 3.1%).
Macroeconomy
- Core PCE Price Index m/m (2:30 PM)
- Final GDP q/q
- Final GDP Price Index q/q
- Unemployment Claims
- WASDE Agricultural Report (USDA)
Companies
- Results: WD-40, Blackberry
- Dow Annual General Meeting
- Home Depot CFO presentation (9:00 AM)
- Walmart CFO presentation (12:00 PM)
Friday, April 10 – US CPI: Decisive Test for Markets
Tense close to the week with the Consumer Price Index (2:30 PM). Consensus expects core inflation to remain stable at 2.5%.
Macroeconomy
- Core CPI m/m (2:30 PM)
- CPI m/m
- CPI y/y
- Factory Orders (4:00 PM)
- Preliminary UoM Consumer Sentiment
- Preliminary UoM Inflation Expectations
Health
- FDA date for Replimune (advanced melanoma treatment)
