What will drive the markets this week?
Global stocks closed mostly lower last week while oil, metals and other commodities rose as Western economies continued to sanction Russia for invading Ukraine. The latest volatility in the market came as the U.S. President #Biden announced ban on Russian energy imports and called for a suspension of formal trade relations with Russia.
This week, markets will continue to reflect the impact of the geopolitical events emerging from ongoing Russian aggression in Ukraine.
Notably, markets will monitor minutes from the two-day Federal Open Market Committee (FOMC) meeting that begins on Tuesday. Investors expect that the Federal Reserve will raise interest rates during this meeting.
Investors can also expect producer inflation figures, retail sales data, earnings from several companies including Accenture and FedEx among others.
Monday, March 14:
- GitLab (GTLB), and Zhihu (ZH) report earnings.
- China Industrial Production (February)
- China Retail Sales (February)
Tuesday, March 15:
- Smartsheet (SMAR) and Dole (DOLE) report earnings.
- Federal Reserve’s FOMC Meeting begins
- New York Empire State Manufacturing Index (March)
- U.S. Producer Price Index (February)
Wednesday, March 16:
- Lennar Corporation (LEN) and Williams-Sonoma (WSM) report earnings.
- Federal Reserve Press Conference
- U.S. Retail Sales (February)
- NAHB Housing Market Index (March)
- Japan Industrial Production (January)
Thursday, March 17:
- Accenture (ACN), FedEx (FDX), Dollar General (DG), and Warby Parker (WRBY) report earnings.
- U.S. Housing Starts and Building Permits (February)
- U.S. Industrial Production (February)
Friday, March 18:
- U.S. Existing Home Sales (February)