Breaking News
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Three Events To Watch: Global Week Ahead

By Zacks Investment ResearchStock MarketsJun 26, 2017 12:47AM ET
Three Events To Watch: Global Week Ahead
By Zacks Investment Research   |  Jun 26, 2017 12:47AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items

This summertime Global Week Ahead is light on events, generally speaking. I noted three moments of genuine interest that could reshape the global tone, albeit modestly.

These merit close watching by traders. Otherwise, it is getting a bit laconic out there.

Dow Jones Newswires pulled together this executive summary for us…

On Tuesday, Fed Chair Janet Yellen speaks in London at the British Academy on global economic issues, in a moderated question-and-answer session with the audience.

As the Fed considers the timing of another interest-rate increase and the start of its plan to wind down its asset holdings, economists expect Ms. Yellen to stress the Fed will base its decisions on incoming economic data.

On Wednesday or Thursday, Brazil's Senate is likely to hold a final vote on a bill that would loosen the country's mazelike labor law, which has been a deterrent for investment. The bill has been under debate for months, and markets rallied as it advanced through the lower house earlier this year.

But corruption allegations against the proposal's main supporter, President Michel Temer, who denies wrongdoing, have fanned opposition, making its approval more complicated.

On Friday, inflation figures from around the eurozone will be in focus. For the eurozone, the annual rate of inflation is expected to drop to +1.2% y/y, from +1.4% y/y in May.

That would be the smallest rise in 2017, and likely reinforce the European Central Bank's reluctance to dial down its stimulus measures, despite signs of a continuing pickup in economic growth.

Three Top Zacks #1 Rank (STRONG BUY) Stocks—

Intuit (INTU): This is a $36 billion market cap stock with a Zacks VGM score of C. It is in the computer software industry.

Intuit's mission is to revolutionize how people manage their financial activities. The company's objective is to greatly expand the world of electronic finance.

Electronic finance encompasses three types of products and services:
• desktop software products that operate on customers' personal computers to automate financial tasks;
• products and services that are delivered via the Internet;
• products and services that connect Internet-based services with desktop software to enable customers to integrate their financial activities.

Veolia Environment SA (VEOEY): This is a $11.9 billion market cap stock with a long-term Zacks VCM score of A.

Veolia Environment is the only global company to offer the entire range of environmental services in the water, waste management, energy and transportation sectors.

Veolia has been creating global and integrated solutions for public and private sector clients over the world. The quality of its research, the expertise and synergies developed between its teams, its mastery of the public-private partnership model and our commitment to sustainable development have made us a benchmark player in major environmental matters.

Jabil Circuit (NYSE:JBL) (JBL): This is a $5.4 billion market cap stock in the Electronics Manufacturing Services space. The long-term Zacks VGM score is an A.

Jabil Circuit, Inc. is a worldwide independent provider of electronic manufacturing services.

It designs and manufactures electronic circuit board assemblies and systems for major original equipment manufacturers in the communications, computer peripherals, personal computer, automotive and consumer products industries.

Key Global Macro Events—

We have 4 Fed speakers on Tuesday. Yellen speaks in London.

Inflation figures from the Eurozone late in the week bear watching.

On Monday, the German IFO indexes came out. Business climate went to 115.1 from 115.0. Current conditions went to 124.1 from 123.5, and expectations went to 106.8 from 107.0. Nearly all of this is good news.

U.S. durable goods orders went down -1.1% this month, but ex transport, they were up +0.10%.

On Tuesday, the Fed’s Williams speaks in Sydney, Australia and the Fed’s Kashkari speaks in Michigan.

The Fed’s Yellen and Harker speak in London, U.K.

The Case-Shiller Home Price Index (HPI) should be out and the prior reading was +5.89% y/y.

On Wednesday, U.S. pending home sales come out. The prior reading was down -1.3% m/m.

On Thursday, the Eurozone’s Business Climate (prior 0.90), Consumer Sentiment(prior 1.3), and Economic Sentiment (prior 109.2) and Industrial Sentiment (prior 2.8) indexes come out.

The final estimate for U.S. GDP growth in Q1 comes out. Look for +1.1%.

U.S. initial claims should be low again at 241K.

On Friday, the unemployment rate in Germany comes out. The prior reading was 5.7%.

The flash HICP inflation indicator for the Eurozone comes out. The prior was 1.4% y/y.

The national unemployment rate in Brazil is headed to 13.8% form 13.6%.

The Chicago PMI comes out. The prior was a strong 59.4.

Veolia Environnement (PA:VIE) SA (VEOEY): Free Stock Analysis Report

Intuit Inc. (NASDAQ:INTU): Free Stock Analysis Report

Jabil Circuit, Inc. (JBL): Free Stock Analysis Report

Original post
Three Events To Watch: Global Week Ahead

Related Articles

Three Events To Watch: Global Week Ahead

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email