[ad_1]
Text size
Illustration by Robert A. Di Ieso Jr.
This is another relatively quiet week on the results calendar, with only a few large companies publishing their quarterly results. Giant of the expedition
FedEx
,
software manufacturer
Adobe
,
and online pet store report Chewy Tuesday. Food company
General Mills
next Wednesday, followed by Olive Garden and LongHorn Steakhouse
Darden Restaurants
Thursday.
The economic calendar of the week is more busy. The Federal Open Market Committee ends its September meeting on Wednesday. The market is expecting an overwhelming majority of policymakers to lower their interest rates by a quarter of a percentage point, in a target range of 1.75% to 2.00%, after doing the same thing. in July. The statement of the committee will be published at 2 pm Wednesday, followed by a press conference with Federal Reserve Chairman Jerome Powell at 2:30 pm
Other publications include key economic indicators released Thursday by the Conference Board in August and several data points from the housing market – the National Association of Home Builders /
Wells Fargo
Housing market index for September on Tuesday, data from the Census Bureau's housing starts for August on Wednesday and existing housing sales figures from the National Association of Realtors for August Thursday.
Monday 9/16
Japanese markets are closed in respect for the old day.
Coca Cola
retains an investor meeting in London to discuss its approach to sustainable development.
The Federal Reserve New York Bank publishes its Empire State Manufacturing Survey for September. Economists expect a reading of 3.5, roughly even with data from the previous two months.
Tuesday 9/17
Adobe, fluffy, and FedEx publish quarterly results.
KLA and Masco organize investor days in New York.
The 74th United Nations The General Assembly meets in New York.
The national association of Home Builders Releases NAHB / Wells Fargo Home Market Index for September. Consensus estimates are for a reading of 66, even with August. The survey suggests that homebuilders are still optimistic about the single-family housing market for the next six months
Wednesday 9/18
General Mills Reports first quarter earnings for fiscal year 2020.
The census office publishes its residential construction data for August. A seasonally adjusted annual rate of 1.25 million starts is expected, up from 1.19 million in July. Building permits are estimated at 1.3 million, roughly even with July data.
Thursday 9/19
Darden Restaurants is holding a conference call to discuss the benefits.
The bank of England and
Bank of Japan
announce their monetary policy decisions. Both central banks are expected to maintain their main short-term interest rates at 0.75% and 0.1%, respectively.
Nike
retains its annual meeting of shareholders in Beaverton, Oregon.
Navistar International
and
Seagate Technology
hold investor days in Lisle, Illinois and New York, respectively.
The Conference Board publishes its main economic index for August. Economists forecast a rise of 0.1% after a jump of 0.5% in July.
The national association of Realtors reports the sales of existing homes for August. Consensus estimates predict a seasonally adjusted annual rate of 5.4 million, even with the July figure.
Friday 9/20
The Federal Reserve publishes its US financial accounts for the second quarter. In the first quarter, household net worth jumped 4.5% to $ 108.6 trillion, the largest quarterly increase since 2004. Net worth is unlikely to increase as much in the second quarter. The S & P 500 returned 4.3% after gaining 13.6% in March
Write to Nicholas Jasinski at [email protected]
[ad_2]
Source link