The upcoming week, starting on April 1st, might bring some April Fools’ Day pranks, but not in the financial district due to the Easter Monday holiday, resulting in a longer weekend with closed markets.
The focus for the remainder of the week shifts to macroeconomic updates, as April’s arrival brings a new wave of critical data for market participants and those monitoring central banks.
Notable events to monitor include Friday’s release of the US non-farm payrolls, PMI figures, and a variety of UK housing market indicators.
Monday, April 1st, is a bank holiday in England, Wales, and Northern Ireland, but not in Scotland, the US, or Asia, offering an opportunity for eager traders to engage in market activities away from family commitments.
Economic reports on Monday include the S&P Global Manufacturing PMI, ISM Manufacturing PMI, and Construction Spending in the US.
Tuesday, April 2nd, marks the start of Shell PLC’s appeal in The Hague regarding its 2021 climate case, with expectations high among its challengers.
In the US, financial reports from Paychex are anticipated.
Annual General Meetings scheduled include Catenai plc and Oncimmune Holdings PLC.
Economic announcements for Tuesday comprise the Bank of England’s Consumer Credit and Mortgage Approvals, S&P Global Manufacturing PMI, Money Supply, and BRC Shop Price Index in the UK, along with the Fed Redbook, JOLTs Job Openings, Factory Orders, and Vehicle Sales in the US.
Wednesday, April 3rd, UBS analysts anticipate that denim manufacturer Levi Strauss & Co (NYSE:LEVI) may report earnings that slightly surpass expectations.
Furthermore, Disney (NYSE:DIS) faces a significant activist investor confrontation during its shareholder meeting.
Trading updates are expected from Topps Tiles, with Hilton Food Group PLC and Pantheon Infrastructure PLC announcing their final results.
In the US, earnings reports from BlackBerry and Levi Strauss are due.
Key economic reports include the ADP Employment data, S&P Global Services PMI, ISM Services, and EIA Crude Oil Stock from the US.
Thursday, April 4th, trading updates will be provided by Gooch & Housego.
The FTSE 100 index is projected to decrease by 2.2 points due to ex-dividends from several companies, including InterContinental Hotels, Mondi, IMI, Rentokil Initial, and Smiths Group.
Annual General Meetings (AGMs) are scheduled for Rio Tinto plc and Scottish American Investment Co plc.
Economic announcements for Thursday include the S&P Global Services PMI and the Bank of England’s Decision Maker Panel in the UK, alongside the US Balance of Trade and Initial Jobless Claims.
Friday, April 5th, features an AGM for Faron Pharmaceuticals.
Economic reports slated for release include the Halifax House Price Index, S&P Global Construction PMI, and ONS Real-time Economic Activity and Social Change in the UK, as well as the Non-Farm Payrolls in the US.
