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© Reuters.
Investing.com – Trade-related stocks are likely to wake up investors this week as markets focus on the next US-China trade round to see if more news is coming in. materialize.
A 90 day truce between Washington and Beijing is scheduled to end on March 1st. If the deadline expires without an agreement, President Donald Trump said he could face his threat of raising tariffs on Chinese products up to $ 200 billion.
The week beginning today will also be marked by a few appearances by Chinese officials. The Federal Reserve, especially President Jerome Powell, as investors look for more clues about monetary policy outlooks in the coming months.
In the United States, there are also important clues, such as rising consumer prices and retail sales.
The Fed recently reported that its efforts to tighten monetary policy over the past three years were coming to an end because of increasing uncertainty for the economy. According to the quarterly reports, about 60 companies will present their financial results this week, which will be one of the last big
Meanwhile, the political headlines will remain topical, legislators Trump and Congress up to To Friday to reach a budget agreement to prevent a further partial shutdown of the federal government.
Investing.com next week listed the top five economic calendar events most likely to affect the markets.
A new round of trade talks between the United States and China begins in Beijing after the Washington talks last week.
Lower-level officials will begin their meetings on Monday, led by US Trade Representative Jeffrey Gerrish
. Thursday and Friday with Secretary of Commerce Robert Lighthizer and Secretary of the Treasury Steven Mnuchin.
A White House official said Friday that US negotiators are preparing to pressure China to take legal action, including intellectual property theft and pressure about US companies for that they share their technology with Chinese companies.
The parties are trying to reach an agreement before March 1, when Chinese import duties of $ 200 billion are expected to rise from 10 percent to 25 percent.
President Donald Trump said last week that he had not done so. intends to meet with Chinese President Xi Jinping before the deadline, thereby reducing the hope that a trade pact can be concluded quickly.
Some speeches by Fed members will attract market attention this week as investors seek more guidance.
At the top of the agenda will be remarks by Fed Chairman Jerome Powell, who will speak on
Speech by Michelle Bowman, Fed Governor, President of the Cleveland Fed, Loretta Mester, Kansas City Fed President Esther George, Atlanta Fed Chairman Raphael Bostic, and Fed Chief Patrick Harker will also be the focus.
Market expectations regarding the Fed's rate hike this year are just one thread, according to Investing.com, after the central bank committed last month to making patience and to increase rates further.
The Commerce Department will release the January IPC figures at 11:30 am Wednesday, which should give clearer guidance on the pace of inflation.
Consumer prices are forecast to have risen last month, compared to a 0.1% drop in December. On an annual basis, the CPI is expected to slow to 1.9% the previous month.
Excluding the cost of food and fuel, underlying inflation should have seen a rise last month and
The weakening of inflation should raise expectations that the Federal Reserve should slow down its interest rate hikes over the next year
The Commerce Department will release retail sales data for the month of December at 23 h 30, which will be taken into account by investors for new signs of the strength of US consumption.
In the general opinion, the report shows that retail sales rose after rising 0.2% in November. If we exclude the auto sector, sales should remain.
Growth in retail sales over time is linked to stronger economic growth, while weak sales indicate a decline in savings. Consumer spending accounts for about 70% of US economic growth.
This week's economic calendar will also include producer price inflation figures, a preliminary reading of Michigan consumer confidence, as well as the latest JOLTS report
There are approximately 60 S & P 500 members report results this week on Wall Street, as earnings season begins to subside
Loews (NYSE 🙂 Diamond Offshore Under Armor (NYSE: ), Activision Blizzard (NYSE :), Chegg (NYSE 🙂 and Kemper (NYSE 🙂 are scheduled for Monday. NASDAQ :), Occidental Petroleum (NYSE :), Shopify (NYSE :), Dean Foods (NYSE :), Groupon (NASDAQ :), Molson Coors (NYSE :), Akamai Technologies (NASDAQ :), and Twilio (NYSE 🙂 will draw market attention on Tuesday.
Cisco (NASDAQ :), (19659031) Yelp Yelp (NYSE :), NASDAQ :), Fossil (NASDAQ), MGM Resorts (NYSE :), Oil Marathon [19659032(NYSE:)Gannett(NYSE:)Hilton(NYSE:)HyattHotels(NYSE:) DISH Network and NetApp (NASDAQ 🙂 Release Results Wednesday, Coca-Cola (NYSE :), NVIDIA (NASDAQ :), Canada Goose (NYSE :), Cyberark Software (NASDAQ :), Canopy Growth (NYSE 🙂 (NYSE :), Vulcan Materials (NYSE :), and CGE (NYSE :), CME Group (NASDAQ :)), Six Flags Entertainment (NYSE :), Encana (NYSE :), GNC Holdings (NYSE 🙂 and Avon Products (NYSE 🙂 publish their results.
Finally, PepsiCo (:), Deere (NYSE :), Newell Brands) and Enbridge (NYSE 🙂 are among the few to be released on Friday.
– Reuters contributed to this report.
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