It’s a quiet week on the earnings calendar. The handful of notable companies reporting include
Lamb Weston Holdings
on Wednesday, and Conagra Brands,
all on Thursday.
management will speak with Wall Street on Tuesday, while
US both host investor events on Wednesday. Also on Wednesday, Advanced Micro Devices and
shareholders will vote on the chip designers’ proposed merger.
Central bank and monetary policy watchers will have plenty to tune into: The International Monetary Fund and World Bank hold their virtual 2021 spring meetings this week. Federal Reserve Chairman Jerome Powell and IMF Managing Director Kristalina Georgieva will discuss the global economy at an event on Thursday.
The minutes from the Fed’s monetary policy committee’s March meeting will also be released this Wednesday. Economic data out this week include the Institute for Supply Management’s Services Purchasing Managers’ Index for March on Monday and the Bureau of Labor Statistics’ producer price index for March on Friday.
Many stock exchanges across the globe, including those in Germany and the United Kingdom, are closed in observance of Easter.
The International Monetary Fund and World Bank Group hold their 2021 spring meetings, virtually. The event will run through Sunday, April 11.
The Institute for Supply Management releases its Services Purchasing Managers’ Index for March. Economists forecast a 58.5 reading, higher than February’s 55.3.
Paychex reports quarterly results.
Applied Materials hosts a virtual investor meeting. Company leadership, including CEO Gary Dickerson, will discuss its technology road map and financial targets, among other topics.
The Bureau of Labor Statistics releases the Job Openings and Labor Turnover Survey for February. Consensus estimate is for 6.9 million job openings on the last business day of February, close to the January data.
Lamb Weston Holdings releases earnings.
The Federal Open Market Committee releases the minutes from its mid-March monetary-policy meeting.
reports sales data for March.
Lumen Technologies, formerly known as CenturyLink, holds an analyst day. Lumen’s President and CEO Jeff Storey, among others, will discuss strategies to grow the company.
Advanced Micro Devices and Xilinx hold special shareholder meetings to seek approval for their proposed merger, first announced in October.
has agreed to buy Xilinx in an all-stock transaction valued at about $35 billion.
The Federal Reserve reports consumer credit data for February. Total outstanding consumer credit stands at $4.18 trillion, slightly lower than the all-time peak of $4.21 trillion set in February of last year. In 2020, consumer credit remained essentially unchanged, the first year that it didn’t expand since 2008.
Federal Reserve Chairman Jerome Powell and International Monetary Fund Managing Director Kristalina Georgieva discuss the global economy at the 2021 spring meetings of the IMF and World Bank Group.
Conagra Brands, Constellation Brands, and Levi Strauss report quarterly results.
The Department of Labor reports initial jobless claims for the week ending on April 3. The four-week moving average of jobless claims this past week was 719,000, the lowest since March of last year.
The BLS reports the producer price index for March. Expectations are for a 0.5% month-over-month rise, matching the February increase.
Write to Nicholas Jasinski at [email protected]
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