Outlook for the Week Ahead + Futures Levels 7.25.2023
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
The week ahead Earnings, Earnings, FOMC, ECB Rate decision and more Earnings and more govt reports!
Tuesday @ 9 am CDT US Consumer confidence will be released, expectations are for better than last month by a few bases points then : Tuesday after the close GOOG reports Q2 earnings expectations are +$1.34 per share. MSFT also reports it’s fiscal Q4 , expectations are for earnings +$2.55 per share, Regional banks will also be reporting this week, The Regionals have the largest exposure to the Commercial Real Estate problem, keep a close on on any developments here. Wednesday META reports +$2.91 expected Thursday AMZN +$.34 expected. Govt Reports: Tuesday thru Friday C Confidence mentioned above and the start of the FOMC the last one until September Expectations are currently projected with a confidence rating of 98.9% for a .25 increase to the 5.25=5.50 range. The actual announcement is Wednesday @ 1pm CDT with a press conference to follow 30 minutes later . Thursday the ECB announces it’s short term rate policy and they are expected to follow suit another .25 @ 7:15 am CDT. Q2 GDP is released at 7:30 CDT along with Durable goods, Intl trade in Goods ands US Jobless claims. Friday we can take a breath as the markets unwind their directions from the previous three days and will tend to reverse in a risk off stance prior to the weekend as we head toward the Dog Days of summer.
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