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Top 5 Things to Watch in Markets in the Week Ahead

EconomyApr 04, 2021 06:57AM ET
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© Reuters

By Noreen Burke

Investing.com -- The coming week looks set to be fairly quiet with the International Monetary Fund's spring meeting and minutes from the Federal Reserve and the European Central Bank’s latest meetings filling the gap before earnings season gets underway mid-month. Stock markets are likely to get a boost from Friday's stronger than expected U.S. jobs report and investors will be watching to see whether Congress will pass President Joe Biden's massive infrastructure plan announced last week. Monday’s ISM service sector data will also be in focus after a similar gauge of the manufacturing sector soared in March. Here is what you need to know to start your week.

  1. Stock market gains could continue

U.S. equity markets started April on a strong footing with the S&P 500 index scaling the 4,000 level for the first time last Thursday. Those gains could continue after the Labor Department reported Friday that the U.S. economy added 916,000 jobs in March, the most in seven months, while jobs growth in February was also larger than previously estimated.

Equity markets were closed for Good Friday in the U.S., Europe and elsewhere and will remain closed in some regions for Easter Monday.

The market rally has been driven by massive U.S. stimulus measures and expectations that the vaccine rollout will spur the economic recovery.

Investors will also be watching to see if Congress will pass the infrastructure plan President Biden introduced last week. It includes $2 trillion in spending but also contains plans to raise corporate taxes that investors fear could hit profits.

  1. IMF meeting

The IMF is to begin its spring meetings (virtually) on Monday where policymakers will give a snapshot of the economic fallout from the pandemic, but also release updated forecasts for growth for 2021 and 2022.

IMF Managing Director Kristalina Georgieva has already indicated that the updated World Economic Outlook will see an upward revision to January’s forecast for 5.5% global economic growth this year.

Aside from the updated economic outlook, G20 finance ministers will meet on Wednesday to discuss debt relief initiatives.

  1. Central bank minutes

The Federal Reserve is to publish the minutes of its March meeting on Wednesday and investors will be on the lookout for any fresh insights on inflation amid concerns that unprecedented stimulus will lead to rising price pressures.

Fed Chairman Jerome Powell played down concerns about inflation after the bank’s March meeting, saying policymakers see inflationary pressures as transient.

The ECB is to release its latest meeting minutes on Thursday. Last week ECB President Christine Lagarde said investors could test the bank’s willingness to rein in rising borrowing costs “as much as they want”.

  1. Powell, Fed speakers

Investors will be watching an appearance by Fed Chair Jerome Powell who is due to discuss the global economy on an IMF panel Thursday.

Other Fed policymakers making appearances during the week include Richmond Fed President Tom Barkin on Wednesday and Chicago Fed President Charles Evans, who is to deliver remarks on Tuesday and Wednesday.

Meanwhile, U.S. Treasury Secretary Janet Yellen is to speak at a webinar hosted by the Chicago Council on Global Affairs on Monday to discuss the global economic recovery from the pandemic.

  1. Economic data

The Institute of Supply Management is to release what will be closely watched data on service sector activity on Monday. An ISM survey of the manufacturing sector released late last week showed that activity surged to its highest in 37 years in March, a strong indication that an economic rebound is probably underway.

The economic calendar also features Thursday’s weekly data on initial jobless claims along with figures on producer price inflation on Friday, which will be scrutinized for signs of developing inflationary pressures.

--Reuters contributed to this report

Top 5 Things to Watch in Markets in the Week Ahead
 

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Comments (9)
Ramana Murthy
Ramana Murthy Apr 04, 2021 5:33PM ET
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growth stocks go high first 2 days and then tank to form lower low. we are going to see significant correction over next 6 to 8 weeks.
Jim Hermann
Jim Hermann Apr 04, 2021 5:33PM ET
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And after that 6 to 8 weeks?
Ramon Gonzalez
Ramon Gonzalez Apr 04, 2021 12:12PM ET
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After new highs you have to prepare for a correction.
Dsv JP
Dsv JP Apr 04, 2021 10:48AM ET
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am new to mkt and lost a lot, can anyone good advise on sell or buy on eurousdand how about future plans
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Alfie Brock
Alfie Brock Apr 04, 2021 10:48AM ET
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have a clear plan and strategy. don't trade just to trade.
Ramon Gonzalez
Ramon Gonzalez Apr 04, 2021 10:48AM ET
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Bro take a look into Larry Connors and Robert Carver books. There you will find a lot of knowledges to start a coherent trade plans. Hope to help. Also take a look on Cesar Alvarez a great professional in research and trader.
Danny Mee
Danny Mee Apr 04, 2021 10:48AM ET
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if congres doesn't accept biden's infrastructure plans the us will go in recession and the dollar will weaken in comparison to the Euro. If accepted dollar will strenghten further since Europe is struggling with vaccinations. I think if they don't accept biden's plan, China will take a huge leap forward what America doesn't want.I'm not into Trump but biden is lucky he left the house financially sound so biden can give it away and implement taxes from the rich...
ford Beckwith
ford Beckwith Apr 04, 2021 10:48AM ET
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just buy stocks with good dividends. They are out there. one of mine is IEP. It boastes a $2.00 dividend every three months regardless of the stock price.
Geoffrey Olson
Geoffrey Olson Apr 04, 2021 10:48AM ET
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Don't do trading. Trading has only been considered a thing during speculation bubbles. After the bubble bursts everyone goes back to normal long term investing, and everybody thinks the traders were crazy.
sachin vadd
sachin vadd Apr 04, 2021 10:27AM ET
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thanks full news
Steve Peters
Steve Peters Apr 04, 2021 10:18AM ET
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Quid Pro Quo Joe Biden is a FRAUD. Raise taxes?! That is the only "plan" his handlers have for this psychobabbling puppet. That and flood the country with illegals. God help us.
Ed Kutch
Ed Kutch Apr 04, 2021 10:18AM ET
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AMEN!
Mark Buzaglo
Mark Buzaglo Apr 04, 2021 10:18AM ET
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Raise interest rate, raise taxes, and people pay more for credit cards debt, pay more for morgages, industry pay more for credit loans, well, that’s Inflation, this dems are creating Inflation, Everybody will pay more and more, then they will blame the Inflation not the creators of the inflation
Samuel Samuel
Samuel Samuel Apr 04, 2021 10:08AM ET
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am New here
Luke Lee
Luke Lee Apr 04, 2021 9:32AM ET
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Unexpected number of jobs added mean higher inflation and higher yields, causing markets to pullback
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Keith Reilly
Keith Reilly Apr 04, 2021 9:32AM ET
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Still lots of slack in labor mkt.. rates are still incredibly low. You might be right but market is going to go up the rest of this year. Taxes, stimuls fade will make 2022 more dicey. Hold your nose and buy in 21!
Karthiga Yogeshwaran
Karthiga Yogeshwaran Apr 04, 2021 9:32AM ET
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why? what's in his statement? higher jobs with higher stimulus injects unwanted money to the economy. this will lead to inflation. JP will start talking about rates in Q3 or Q4.
Damian King
Damian King Apr 04, 2021 9:32AM ET
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Exactly. This report said the reverse
Damian King
Damian King Apr 04, 2021 9:32AM ET
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Also it means that fed will not give any presents who hope the market go up.
Kallan Salganik
Kallan Salganik Apr 04, 2021 9:32AM ET
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Not all market sectors bud, this is true for growth stocks. Youre thinking nasdaq. Not the dow and balanced s&p index.
CHAD TENDIES
CHAD TENDIES Apr 04, 2021 9:30AM ET
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Top 5 things 1 Debt 2 More Debt 3 Fed buying more debt 4 Fed creating more dollars 5 Inflation
Al La
Al La Apr 04, 2021 7:07AM ET
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How i can take money’
Ray Ong
Ray Ong Apr 04, 2021 7:07AM ET
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Go pray hard...
Ryan Miskowiec
Ryan Miskowiec Apr 04, 2021 7:07AM ET
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flip burgers
Fusairu Takumi
Fusairu Takumi Apr 04, 2021 7:07AM ET
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Short term sell will help for US stocks
 
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