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Sergey Golubev, 2017.04.22 11:02
Weekly Fundamental Forecast for S&P 500 (based on the article)
S&P 500 - "Markets will start out the week with the French presidential election on their minds, but to what impact it will have on U.S. markets likely depends on the magnitude to which Europe moves, and any reaction the U.S. has may be short-lived. Looking to key economic events on the docket; ‘high’ impact data releases include Consumer Confidence on Tuesday, Advanced Goods Trade Balance and Durable Goods Orders on Thursday, and 1Q GDP on Friday. President Donald Trump announced on Friday that he will unveil a tax plan this coming week. Markets will almost certainly show a response once the details are released."
Sergey Golubev, 2017.04.29 17:29
S&P 500 - "Looking ahead, Monday may be relatively quiet with major financial centers in Europe closed for holiday. In terms of scheduled ‘high’ impact data events, we have Core Personal Consumption Expenditure (PCE) and ISM Manufacturing on Monday; and the big event of the week coming on Friday when the April jobs report is due out. The market will be looking for a strong rebound in NFPs (+180k estimate) after the big miss in March of only +98k."
If on one hand the theme of Brexit was once again the order of the day, on the other hand the approach of the second round of the French presidential elections (There is a televised debate between the two candidates Emmanuel Macron and Marine Le Pen) is also to be monitored. Regarding Brexit, some news reports say that Europe "seems to be divided" with France and Germany tightening their positions on the UK. According to a Financial Times analysis, the gross amount to be paid in advance by the United Kingdom may amount to € 100,000 M., an amount almost twice as high as the € 60,000 M. initially suggested by the President of the European Commission, Jean-Claude Juncker. The results published yesterday in the US by Apple could condition the actions of several European technology companies that are suppliers of the Cupertino company.