This week, the focus will be on relaxation of quarantine restrictions in some countries, economic sentiment index in Germany and US companies’ earnings reports.
Major Events on the Economic Calendar
- Germany releases its ZEW economic sentiment index on April 21.
- Canada releases data in core consumer price index on April 22.
- Germany releases its manufacturing purchasing managers’ index on April 23.
- US releases a report on durable goods orders on April 24.
April 20. Possible IBM Report. Relaxed Quarantine Restrictions in India
IBM may publish its quarterly financial report after the trading session. However, the date of this event has not yet been confirmed. The oldest IT company in the USA is unlikely to be able to boast of its results. However, the volatility of stock trading may increase – both before the release and on the following day.
In India, some quarantine restrictions will be relaxed. For example, IT companies, industrial equipment manufacturers, and companies involved in agriculture will be able to resume their activities.
In the near future, Prime Minister Narendra Modi should present a plan for the resumption of economic activity affected by the spread of COVID-19.
April 21. Coca-Cola Report. British Parliament is Back to Work
Prior to the opening of trading, Coca-Cola will present its first-quarter 2020 financial results. Its earnings per share is expected to be no lower than $0.44.
The British Parliament will return to work despite the coronavirus pandemic and the fact that Prime Minister Boris Johnson is on sick leave. Ministers will do most of their work remotely to prevent the further spread of COVID-19.
April 23. EU Summit. Quarantine in Canada
EU leaders will hold a videoconference to discuss the European economic recovery plan presented on 15 April by the head of the European Commission, Ursula von der Leyen, and Charles Michel, President of the European Council.
We remind you that on 9 April, the EU finance ministers agreed a €540 billion package to support the EU economy affected by the consequences of the spread of COVID-19.
On this day, quarantine measures expire in Canada’s most populous province, Ontario. At the end of last week, the total number of COVID-19 cases in the country was 30 thousand. The quarantine is likely to be extended with few restrictions.