Weekly News 27.04.2020–01.05.2020

Introducing the most complete review of the upcoming week from analysts Olymp Trade

Notable events of this week include the continuation of the US report season, weakening quarantine measures, and the US Q1 GDP.


Major Events on the Economic Calendar

  • New Zealand releases data on employment change on April 28.
  • The US releases a report on Q1 GDP on April 29.
  • The ECB releases the key rate decision on April 30.
  • The US releases manufacturing PMI on May 1.


April 27.US Reopens Movie Theatres. Plants Resume Auto Production

On this day, freedom loving US citizens can finally go to the movies in Georgia, US – in case they follow all safety measures. State Governor Brian Kemp took this decision on April 21. We remind you that US President Donald Trump announced that the country reached a “plateau” in the infection rate.

On the same day, Volkswagen and Bentley restart auto production.


April 28. Google Quarterly Earnings Report

On this day, Google reports its Q1 earnings. The expected earnings per share (EPS) is $11,19. The expected revenue is $34,99 bln.


April 29. Tesla, Microsoft, Facebook and Boeing Quarterly Earnings Reports

On April 29, Facebook, Tesla, Microsoft and Boeing report their Q1 earnings. Tesla report is one of the most interesting ones: the company gives hope for sales growth on the territory of China, which might smooth out the negative effect of production halt in the US. However, on this day volatility may increase for all US instruments.


April 30. Apple and Visa Quarterly Earnings Reports

Apple and Visa report Q1 earnings after market close. The expected earnings per share (EPS) for Visa is $1,35, with the expected revenue of $5,8 bln. Analysts expect Apple to report earnings per share of $2,10 and total revenue of $54 bln, which is $3 bln less than the numbers for Q1 2019. Traders will use this data in their work on May 1.


May 1. Labor Day

Some EU countries have a day off, so trading volatility might increase only after exchanges open in the US at about 13:00 GMT.

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