This Week Ahead: Top News to Watch This Week

Fellow traders, let us have a look at upcoming week in terms of important economic news.

Below you can find short table of major economic news during this week. The week is really busy with releases of quarter reports by almost all major companies from Tech industry, so traders in CFD on stocks should be really watching closely on the developments of their respective asset class.

Monday: Google parent Alphabet (NASDAQ:GOOGL) is expected by analysts on average to report a 22% increase in revenue to $30.3 billion, with net income rising 21%, equivalent to $9.28 per share on a non-GAAP basis, according to Thomson Reuters data. Flash April PMI surveys on manufacturing and service sector activity expected too.

Tuesday:  April German business sentiment from the IFO will be published on Tuesday. United States: Earnings will be the focal point most of the week as all sectors of the S&P will be well represented from key companies. With almost one-fifth of the S&P having reported, 79% have beaten estimates. News infuencing USD movements: March existing home sales should rise 0.7% to a 5.580 mln rate, following a strong 3.0% gain in February to 5.540 mln. New home sales are also expected to rise to 0.630 mln in April from 0.618 mln in February.

Wednesday: U.S. Tech companies will start their highlight busy week of earnings reports on Wednesday. Facebook (NASDAQ:FB) is expected to report a 42% surge in quarterly revenue, to $11.4 billion. Its stock has lost 10% since the revelations about Cambridge, underscoring investors’ concerns about regulation that could crimp the leading social network’s profitability. Among reports investors should be closely looking at Twitter (NYSE:TWTR), Qualcomm (NASDAQ:QCOM), eBay (NASDAQ:EBAY) and PayPal (NASDAQ:PYPL).

Thursday: Amazon (NASDAQ:AMZN) late on Thursday is expected to report a 40% jump in revenue to $50 billion as the online retailer continues its expansion into cloud computing and brick-and-mortar groceries. Also expected to report are: Intel (NASDAQ:INTC), Microsoft (NASDAQ:MSFT) and Baidu (NASDAQ:BIDU). Among non-tech reporting companies are: Boeing (NYSE:BA), Caterpillar (NYSE:CAT), 3M (NYSE:MMM), United Technologies (NYSE:UTX), Verizon (NYSE:VZ), AT&T (NYSE:T), Comcast (NASDAQ:CMCSA), Visa (NYSE:V), Ford (NYSE:F), General Motors (NYSE:GM), UPS (NYSE:UPS), Starbucks (NASDAQ:SBUX) and ExxonMobil (NYSE:XOM).

Friday: BOJ Policy Announcement with expectations to keep a pledge to maintain a short-term interest rates at minus 0.1%. Friday we also expect U.S. Advanced First Quarter GDP and UK Preliminary Q1 GDP