What to Expect in the Week Ahead: Inflation Data, Bank Earnings, and More Tariff Concerns
Don't Miss Our End of Quarter Offers:
Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks.
Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter.
Economic Calendar Packed
Thursday's Consumer Price Index (CPI) report will command significant attention as investors gauge price pressures following the tariff announcements that have reignited recession fears. Economists expect March inflation to remain unchanged after February's steeper-than-expected decrease.
Inflation remains a key factor in Federal Reserve decision-making about interest rates. The minutes from the Fed's March meeting, due to be released on Wednesday, will provide further insight into how officials view current economic conditions. Chicago Fed President Austan Goolsbee and New York Fed President John Williams are also scheduled to speak this week, potentially providing additional clues about the direction of monetary policy.
Friday brings the Producer Price Index (PPI), which highlights wholesale price trends that can ultimately affect consumer prices. The preliminary consumer sentiment data, also released Friday, will include consumer price expectations—an important indicator of future inflation trends.
Beyond inflation data and earnings, this week's economic calendar includes consumer credit (Monday), wholesale inventories (Wednesday), and initial jobless claims (Thursday). These reports will help investors assess consumer financial health and business inventory trends amid the uncertain economic climate.
Big Banks Launch Earnings Season
The first-quarter earnings season begins in earnest on Friday, with reports from financial heavyweights JPMorgan Chase (JPM), Wells Fargo (WFC), BlackRock (BLK), and Bank of New York Mellon (BK).
JPMorgan, the world's largest bank by market capitalization, surprised analysts last quarter with stronger-than-expected profits driven by growth in investment banking and net interest income. Investors will watch for continued momentum in these areas.
BlackRock's announcement comes after the company reported record assets under management last quarter. Analysts will likely seek updates on the firm's $30 billion AI infrastructure funding collaboration with Microsoft (MSFT), Nvidia (NVDA), and Elon Musk's xAI.
Earlier in the week, other notable earnings reports include Levi Strauss (LEVI) on Monday, Cal-Maine Foods (CALM) on Tuesday, and Delta Air Lines (DAL) on Wednesday. Delta recently lowered its quarterly projections, citing weakening travel demand amid economic uncertainty.
Looking to The Week Ahead
With numerous potential market-moving events on the horizon, analysts suggest that any positive developments regarding global trade could trigger a sharp rebound, given the steep sell-off last week. However, if tariff tensions escalate or economic data disappoints, the selling pressure will likely continue throughout the week.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Winnipeg Free Press
15 minutes ago
- Winnipeg Free Press
Brazil's Lula announces $5.5 billion in credits for exporters hit by US tariffs
SAO PAULO (AP) — The Brazilian government on Wednesday unveiled a plan to support local exporters affected by a 50% tariff imposed by U.S. President Donald Trump on several products from the South American nation. Dubbed 'Sovereign Brazil,' the plan provides for a credit lifeline of 30 billion reais ($5.5 billion), among other measures. Brazil's President Luiz Inácio Lula da Silva described the plan, which includes a bill to be sent to Congress, as a first step to help local exporters. Congressional leaders attended Wednesday's ceremony, a first in months, in a sign of growing political support for the leftist leader in response to Trump's tariffs. Other measures announced by the Brazilian government include postponing tax charges for companies affected by U.S. tariffs, providing 5 billion reais ($930,000) in tax credits to small and medium-sized companies until the end of 2026 and expanding access to insurance against cancelled orders. The plan also incentivizes public purchases of items that could not be exported to the U.S. 'We cannot be scared, nervous and anxious when there is a crisis. A crisis is for us to create new things,' Lula said. 'In this case, what is unpleasant is that the reasons given to impose sanctions against Brazil do not exist.' Trump has directly tied the 50% tariff on many imported Brazilian goods to the judicial situation of his embattled ally, former President Jair Bolsonaro, who is currently under house arrest. Monday Mornings The latest local business news and a lookahead to the coming week. ___ Follow AP's coverage of Latin America and the Caribbean at
Canada News.Net
36 minutes ago
- Canada News.Net
US tariffs pressure tactics to get India to sign on dotted line in trade talks, we have not caved in: Vikas Swarup
New Delhi [India], August 13 (ANI): There are three reasons US President Donald Trump has imposed 50 per cent tariffs on Indian goods including his 'being miffed that India has not acknowledged his role' in cessation of hostilities with Pakistan following Operation Sindoor, former diplomat Vikas Swarup has said, noting that if there is positive outcome of Alaska talks, Russia sanctions will be off the table. In an interview with ANI, Vikas Swarup, who has been a former High Commissioner to Canada and is a renowned author, said that India has not caved in to the US pressure in trade talks to provide more access to the country's agriculture and dairy sectors. He said US is exerting pressure tactics to get India to agree to its maximalist demands. President Trump announced 25 per cent tariffs on Indian goods plus an unspecified penalty in July, even as there were hopes of an interim India-US trade deal that would have otherwise helped avoid elevated tariffs. A few days later, he imposed another 25 per cent tariff, taking the total to 50 per cent, over India's imports of Russian oil. 'We have to understand why these tariffs have been imposed. I personally feel that there are three reasons. One, Trump is not happy with India because we are a member of BRICS and somehow, in his head, he has got this notion that BRICS is an anti-America alliance which is hell-bent on creating an alternative currency to the dollar. So, because of that, he feels that India should not be a member of the BRICS. Two, Operation Sindoor and his so-called role in bringing about the ceasefire,' Vikas Swarup said. 'We have been saying right from the beginning that Trump had no role because we do not accept external mediation. This ceasefire was mediated directly between the DGMOs of Pakistan and India at the request of the DGMO of Pakistan. Trump has now said almost 30 times that it was he who got the two countries to stop back from the brink, who stopped a nuclear conflagration in the subcontinent. So, obviously he is miffed that India has not acknowledged his role, whereas Pakistan has not only acknowledged his role but has even nominated him for a Nobel Peace Prize,' he added. India had carried out Operation Sindoor in early May in response to Pahalgam terror attack and carried out precision strikes on terror infrastructure in Pakistan and PoJK. India had replled subsequent Pakistani aggression and pounded its airbases. Referring to Bilateral Trade Agreement (BTA) talks between India and US, Vikas Swarup said Trump is resorting to pressure tactics to get India to sign on his maximalist demands. '...This is part of his pressure tactics to get India to sign on the dotted line on the maximalist demands that the US is making with regard to access to our dairy and agriculture and GM Crops. We have not caved in and it is also in a way a signal to Russia because he is also frustrated that he has not been able to get President Putin to agree to the ceasefire that Zelenskyy has agreed to,' he said. Vikas Swarup referred to the summit meeting between President Trump and President Putin in Alaska on August 15 over the Ukraine conflict. 'Now they are meeting in Alaska on 15th August. If there is a positive outcome of the Alaska talks then I am 100% sure that the Russia sanctions will be off the table because Putin is not going to accept a ceasefire and yet be saddled with economic sanctions,' he said. India and the US initiated talks for a just, balanced, and mutually beneficial Bilateral Trade Agreement (BTA) in March this year, aiming to complete the first stage of the Agreement by October-November April 2, 2025, President Trump signed an executive order for reciprocal tariffs on various trade partners, imposing varied tariffs in the range of 10-50 per cent. He subsequently kept the tariffs in abeyance for 90 days, while imposing a 10 per cent baseline tariff. The deadline was to end on July 9, and the US administration later pushed it to August 1. During the ongoing Monsoon session of Parliament, Commerce and Industry Minister Piyush Goyal made a statement in both Houses, affirming that the government is examining the impact of tariffs and will take all necessary steps to safeguard the national interest. (ANI)
Winnipeg Free Press
an hour ago
- Winnipeg Free Press
US sanctions Mexican drug cartel associates accused of scamming elderly Americans
MEXICO CITY (AP) — The U.S. Treasury Department imposed sanctions Wednesday on more than a dozen Mexican companies and four people it says worked with a powerful drug trafficking cartel to scam elderly Americans in a multimillion-dollar timeshare fraud. The network of 13 businesses in areas near the seaside tourist destination of Puerto Vallarta were accused of working with the Jalisco New Generation Cartel, a group designated by the U.S. government as a foreign terrorist organization. In a scheme dating back to 2012, four cartel associates are accused of defrauding American citizens of their life savings through elaborate rental and resale schemes, according to a Treasury statement. In the span of six months, officials said they were able to document $23.1 million sent from mostly people in the U.S. to scammers in Mexico. The sanctions imposed by the administration of U.S. President Donald Trump would prohibit Americans from doing business with the alleged cartel associates and block any of their assets in the U.S.. 'We will continue our effort to completely eradicate the cartels' ability to generate revenue, including their efforts to prey on elderly Americans through timeshare fraud,' U.S. Treasury Secretary Scott Bessent said in a statement. In past years, the administration of then-President Joe Biden also sanctioned associates and accountants related to such schemes. The Wednesday announcement was made amid an ongoing effort by the Trump administration and the Mexican government to crack down on cartels and their diverse sources of income. The U.S. Treasury Department has slapped sanctions on a variety of people from a Mexican rapper who it accused of laundering cartel money to Mexican banks facilitating money transfers in sales of precursor chemicals used to produce fentanyl. The announcement also came one day after Mexico sent 26 high-ranking cartel figures to the U.S. in the latest major deal with the Trump administration as Mexico tries to avoid threatened tariffs.
