Saturday
19 May 2012

The Anniversary Ahead: Q1 Balance to Dictate Bazaar Direction E-mail

First-quarter accumulated balance division bliss into abounding beat next anniversary and bazaar affect will be the boss disciplinarian for trading.

Francis Campeau, equities agent at MF Global Canada, said it appears the contempo run in North American equities may still accept added to run next week.

"It seems that a lot of of the bad account has been priced in,"

he said. "The technicals are aswell starting to about-face positive, which could add some absorption to the rally."

Bank balance next week, which cover Goldman Sachs, on Tuesday, JPMorgan on Thursday and Citigroup on Friday, will be the a lot of carefully watched. Markets are almost optimistic advanced of the coffer balance afterward absolute advice from Wells Fargo on April 9.

"The financials accept been the a lot of baffled up in this down turn," said Campeau. "And absolute balance will drive markets higher."

Although equities will be the boss affair next week, Eric Lascelles, arch bread-and-butter and ante strategists from TD Securities, said he is not accessible to address off the abstracts next week.

Markets will accept U.S. CPI and retail sales next week, which could be abeyant bazaar movers, he said. Looking at band markets, he said there is absolutely added allowance for band yields to abatement further.

Looking at abstruse factors, with the Fed continuing to acquirement abiding bonds it appears that 10-year yields will be capped a 3%, Lascelles said, abacus that it is a able buy point for traders.

"So far our audience anticipate that has been a acknowledged barter and it appears to be working," he said.

All times in EDT:

Monday

10:30 CA BOC Senior Loan Officer Survey Q1

10:30 CA Business Outlook Future Sales Q1 Prior: -34

11:00 US Treasury to Buy Back Notes

13:00 US Treasury to Sell 3-Month Bills

13:00 US Treasury to Sell 6-Month Bills

Tuesday

8:30 US Producer Price Index (M/M) March Exp: +0.0% Prior: +0.1%

8:30 US PPI Ex Food & Energy (M/M) March Exp: +0.1% Prior: +0.2%

8:30 US Producer Price Index (Y/Y) March Exp: -2.0% Prior: -1.3%

8:30 US PPI Ex Food & Energy (Y/Y) March Exp: +4.0% Prior: +4.0%

8:30 US Advance Retail Sales March Exp: +0.3% Prior: -0.1%

8:30 US Retail Sales ex-autos March Exp: +0.1% Prior: +0.7%

10:00 US Business Inventories February Exp: -1.1% Prior: -1.1%

10:30 US Fed's Evans Speaks on Risk Management for Banks in Chicago

11:00 US Treasury to Buy Back Notes

13:00 US Treasury to Sell 4-Week Bills

16:45 US Fed's Stern Speaks on Risk Management for Banks in Chicago

17:00 US ABC Consumer Confidence W/E April 12 Prior: -50

US DOE Short-Term Crude Outlook April Prior: +53

US DOE Short-Term Diesel Outlook April Prior: +2.51

US DOE Short-Term Ht Oil Outlook April Prior: +2.41

US DOE Short-Term NatGas Outlook April Prior: +11.59

US DOE Short-Term Mogas Outlook April Prior: +2.18

Wednesday

7:00 US MBA Mortgage Applications W/E April 9 Prior: +4.7%

8:30 CA New Motor Vehicle Sales (M/M) February Prior: +5.5%

8:30 US Consumer Price Index (M/M) March Exp: +0.2% Prior: +0.4%

8:30 US CPI Ex Food & Energy (M/M) March Exp: +0.1% Prior: +0.2%

8:30 US Consumer Price Index (Y/Y) March Exp: +0.0% Prior: +0.2%

8:30 US CPI Ex Food & Energy (Y/Y) March Exp: +1.7% Prior: +1.8%

8:30 US CPI Core Index SA March Prior: +217.67

8:30 US Consumer Price Index NSA March Prior: +212.193

8:30 US Empire Manufacturing April Exp: -35 Prior: -38.23

9:00 US Net Abiding TIC Flows February Prior: -$43.0B

9:00 US Total Net TIC Flows February Prior: -$148.9B

9:15 US Industrial Production March Exp: -0.9% Prior: -1.4% Revised: -1.5%

9:15 US Capacity Utilization March Exp: +69.7% Prior: +70.9% Revised: 70.2%

10:30 US DOE U.S. Crude Oil Inventories W/E April 10 Prior: +1645K

10:30 US DOE U.S. Gasoline Inventories W/E April 10 Prior: +656K

10:30 US DOE U.S. Distillate Inventory W/E April 10 Prior: -3354K

10:30 US DOE U.S. Refinery Utilization W/E April 10 Prior: +0.11%

13:00 US NAHB Housing Bazaar Index April Exp: +10 Prior: +9

Thursday

8:30 CA Manufacturing Shipments (M/M) February Prior: -5.4%

8:30 US Housing Starts March Exp: +550K Prior: +583K

8:30 US Building Permits March Exp: +550K Prior: +547K Revised: 564K

8:30 US Initial Jobless Claims W/E April 11 Exp: +665K Prior: +654K

8:30 US Continuing Claims W/E April 4 Prior: +5840K

10:00 US Philadelphia Fed. April Exp: -32 Prior: -35

10:30 US EIA Natural Gas Storage Change W/E April 10

11:00 US Treasury to Buy Back TIPS

13:00 US Lockhart to Speak on Financial Crisis at New York Conference

20:00 US Fed's Yellen Speaks on Bread-and-butter Crisis in New York City

Friday

7:00 CA Consumer Price Index (M/M) March Prior: +0.7%

7:00 CA Consumer Price Index (Y/Y) March Prior: +1.4%

7:00 CA Coffer Canada CPI Core (M/M) March Prior: +0.5%

7:00 CA Coffer Canada CPI Core (Y/Y) March Prior: +1.9%

Expected first-quarter corporate earnings for the anniversary of April 13-17

Monday:

No Major accumulated balance accepted to be released

Tuesday:

Goldman Sachs (GS) Exp: N/A

Intel Corporation (INTC) Exp: +0.02

Johnson & Johnson (JNJ) Exp: +1.22

Wednesay:

Piper Jaffray (PJC) Exp: -0.17

Thursday:

Briggs & Stratton Corporation (BGG) Exp: +0.64

Google (GOOG) Exp: +4.95

Harley-Davidson (HOG) Exp: +0.51

JPMorgan Chase & Co. (JPM) Exp: +0.31

Nokia (NOK) Exp: +0.15

Southwest Airlines (LUV) Exp: +0.03

Friday:

Citigroup Inc. (C) Exp: -0.36

Mattel (MAT) Exp: Exp: -0.13

General Electric (GE) Exp: +0.21

 
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