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A tariff decision by Turkey, Tesla's autopilot software updates, the US gross domestic product and a busy week of results await investors after the Easter holidays.
Here's what to look for in the next few days.
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Tesla chief executive Elon Musk will hold the company's investor day Monday at its headquarters in Palo Alto, California, when the electric automaker plunges "at the heart of its technology." Investors will also be able to conduct driving tests to discover its autopilot software, including "features that are under active development".
The race to conquer the autonomous vehicle market is underway, but PwC believes that it is unlikely that autonomous cars will be adopted until the early 2030s. Even then, they expect that autonomous vehicles cost "around £ 5,000 ($ 6,500) in addition to the cost of a standard vehicle".
turkey
The Turkish central bank made its decision on interest rates on Thursday and it is generally expected that the repo rate will remain unchanged at 24%.
This decision comes at a time when the country is facing a scrutiny of its ability to defend its currency. The FT reported earlier this week that the central bank had boosted its foreign currency reserves with billions of dollars borrowed in the short term, fueling fears that Turkey overestimates its ability to defend itself in a new crisis. read.
US GDP and other data
Friday brings early reading on first quarter GDP. Economists expect the economy to post annualized growth of 2% qoq in the first three months of the year.
The longest partial closure of the federal government should have weighed on growth in the first quarter and consumer spending should be reduced, but not as much as originally planned. Retail sales rebounded in March to reach the highest level in 18 months, but economists however noted that it was a reversal of the weakness of the previous month.
"Looking at retail sales growth for the quarter in line with the performance of industrial production, it still seems that the economy is growing only modestly," said Joseph LaVorgna, an economist at Natixis.
Other economic reports badyzed by investors next week include data on housing, durable goods orders and consumer confidence.
geopolitics
Russian President Vladimir Putin is expected to meet North Korean leader Kim Jong Un for the first time at a summit in Vladivostok on Wednesday. Later in the week, Putin will travel to Beijing to meet with his Chinese counterpart Xi Jinping.
At the same time, Japanese Prime Minister Shinzo Abe and President Donald Trump are expected to hold a summit at the White House Friday on the theme of trade and North Korea.
American profits
After a mixed start, the earnings season is gaining momentum with more than 150 S & P 500 companies reporting their results. The record includes Halliburton, Hasbro, Lockheed, Coca-Cola, Twitter, eBay, United Tech, Harley-Davidson, AT & T, Boeing, Caterpillar, Chipotle, Microsoft, Visa, Facebook, Intel, Mattel, Southwest, Starbucks, Exxon and Chevron among others.
UK markets are closed Monday for the long weekend.
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