Analytics

Weekly News 29.04–03.05.2019

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

NonFarm Payrolls, one of the most significant indicators of the US economy, will be published this week. The Bank of England will release the interest rate and assess the state of the UK economy. McDonald’s will provide its quarterly report. Democrats will continue making attempts to put US President Donald Trump under pressure.

 

April 29

Speech by Governor of the Bank of England. Trump’s tax returns. US-China talks

At 08:10 GMT, Mark Carney, the Governor of the Bank of England is to give a speech. Investors traditionally expect him to assess the situation in the UK economy. His comments can be followed by a strong market reaction.


Until April 29, the accounting company Mazars USA LLP, which works with the Trump family, will provide Congress with US President’s financial records. Trump lawyers intend to appeal this request of Congress.

After a failed investigation into possible Russian intervention in the presidential election and Trump’s ties with Moscow carried out by Special counsel Robert Mueller, the Democrats are looking for new ways to put the American leader under pressure.


US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer are to arrive in Beijing on April 29. They will continue negotiations on the terms of the future trade relations of the United States and China.

US officials can also take part in a Chinese forum on the One Belt, One Road project. Chinese President Xi Jinping invited leaders of 40 countries to take part in it.

 

April 30

Unemployment in Germany. A meeting of rivals. A report of McDonald’s

At 7:55 GMT, Germany is to release a report on unemployment change. Experts predict a reduction of 10 thousand people. However, if the unemployment rate rises, the euro will be at risk of a decline.


US House Speaker Nancy Pelosi can meet with her political opponent, President Donald Trump, as a part of the country’s meeting on infrastructure development.

Although Pelosi gave up on the idea of ​​impeachment, she intends to continue put pressure on the American leader. The issue of upgrading the US infrastructure is extremely acute, so the results of the discussion may affect investors’ sentiment.


McDonald’s chain of fast food restaurants will reports its financial results for the first quarter of 2019. Investors expect earnings of $1.73 per share and the total revenue of $4.95 billion.

On the expectations of new records, the company shares have updated historical highs. At the moment the share price of the company was traded at more than $ 198.

 

May 1

US ADP payroll data. A full version of Mueller’s report

At 12:15 GMT, US ADP releases preliminary data on employment change in the non-farming sector. The expected value is about 175 thousand.

The US economy has recently shown steady growth. This is why the real data is quite likely to come out the same as the preliminary data, or even exceed this indicator.


US House Judicial Committee Jerrold Nadler asked the Attorney General William Barr for the full version of Robert Mueller’s report on Russian interference in the presidential election.

We remind you that the Special Counsel withdrew a part of the text of the report, which was noticed by the Democrats. Before May 1, William Barr should release a full report. However, this is quite unlikely to happen.

 

May 2

The Bank of England’s interest rate. A blow to Iran

At 11:00 GMT, the Bank of England will release its interest rate decision. Investors do not expect changes. However, the statements of the members of the Board of Governors may lead to increased volatility in the Forex market.


From May 2, Greece, India, China, Italy, Japan, South Korea, Taiwan and Turkey will not be able to continue importing Iranian oil. The sanction waivers granted to the importers by the White House expire on this day.

US President Donald Trump decided to resume pressure on Iran and strike the country’s oil sector, which accounts for a large part of the Islamic Republic’s revenues. Against this background, the oil quotes have recently added more than 5%.

 

May 3

Nonfarm Payrolls

At 12:30 GMT, US releases its traditional report on the change in the number of people employed in the US nonfarm sector. Investors are guided by the growth forecast of 180 thousand and preliminary data from ADP.

The release of the indicator will lead to an increase in the volatility of the US stock market, as well as the Forex one.

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