Skip to main content

Bank earnings, CPI inflation data, IMF meeting top week ahead

Bank earnings, inflation data and a key meeting of the IMF and World Bank top a busy week for investors following the Easter holiday.

Investors head into a busy week following the long Easter holiday weekend with the kickoff of earnings season and a key meeting of the IMF and World Bank. 

The stock market wrapped the short week mixed with the S&P 500 and the Nasdaq Composite posting fractional weekly losses, while the Dow Jones Industrial Average inched modestly higher. 

FOX Business breaks down this week's top market events:

IMF PROJECTS SLOWEST RATE OF GROWTH IN DECADES, URGES 'SUPPORT' FROM WEALTHIER COUNTRIES

The World Bank and IMF Spring meetings kickoff with Kristalina Georgievea, the IMF's Managing Director and David Malpass, the President of the World Bank Group hosting a seminar on "The Way Forward" which will likely include updated projections for the global economy. 

Elsewhere, economic data includes inflation expectations which are forecast to contract as well as a speech from the John Williams, President, Federal Reserve Bank of New York.

Tuesday marks one week until Tax Day for those still needing to file. 

Also, the National Labor Relations Board conduct a hearing investigating a complaint against Starbucks for alleged unfair labor practices at 4 stores.

JUDGE SAYS STARBUCKS COMMITTED ‘EGREGIOUS AND WIDESPREAD’ LABOR VIOLATIONS FIGHTING UNIONS

Moderna will also be hosting its Vaccine Day with presentations from management and key opinion leaders on Moderna's mRNA vaccines and key considerations for vaccine development.

Earnings reported before markets open will include Albertsons and CarMax, with nothing of note reporting after the bell.

Economic data this week will include the NFIB business optimism index.

The highly anticipated Consumer Price Index will be released which is expected dip below 6% in a sign inflation is moderating. 

In corporate news, embattled Bed Bath & Beyond is expected to report earnings before markets open as the company continues to fend off bankruptcy. 

After the bell Rent the Runway is expected to report earnings.

BED BATH & BEYOND ENTERS INTO $120M MERCHANDISE AGREEMENT IN BID TO STAVE OFF BANKRUPTCY

On Thursday earnings before markets open include Delta Air Lines and Fastenal, with nothing of note after the bell.

Economic data reported will include initial jobless claims and the producer price index, which like the CPI, is expected to moderate to the 3% level, falling below the 4.6% in the last read. 

On Friday investors will get the first update on the banking sector after the collapse of Silicon Valley Bank and Signature Bank. 

JPMorgan Chase and the much watched First Republic Bank, will report, along with PNC Financial Services Group, Citigroup, Wells Fargo and BlackRock. UnitedHealth Group is also on the docket. 

In merger news, Canada Pacific and Kansas City Southern will officially combine. The new company will be called Canada Pacific Kansas City and will be North America’s first transnational railroad.

FIRST MAJOR US RAILROAD MERGER IN DECADES WILL GO FORWARD

CLICK HERE TO GET THE FOX BUSINESS APP

Economic data to round out the week will include import prices, export prices, retail sales, industrial production, business inventories, and University of Michigan's consumer sentiment index. The CSI is expected to remain steady near it's 4 month low around 64.

Jessica MacKenzie contributed to this story.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.