Calendar
A daily rundown of the economic reports and corporate earnings that will be grabbing the market's attention in the week ahead.
Monday May 2
China manufacturing purchasing managers' index (PMI) and non-manufacturing PMI
Japan manufacturing PMI
Euro area manufacturing PMI
(9:30 a.m. ET) Canada RBC manufacturing PMI for April.
(9:45 a.m. ET) U.S. Markit manufacturing PMI.
(10 a.m. ET) U.S. manufacturing ISM PMI and prices paid for April. Consensus projections are 51.5 (down from 51.8 in March) and 51.8 (up from 51.5).
(10 a.m. ET) U.S. construction spending for March. Consensus is an increase of 0.5 per cent from February.
Earnings include: Anadarko Petroleum Corp.; Enbridge Energy Partners LP; Ensign Energy Services Inc.; Ferrari NV; FMC Corp.; goeasy Ltd.; Helmerich and Payne Inc.; Loews Corp.; North West Company Inc.; PFB Corporation; Rocky Mountain Dealerships Inc.; Seven Generations Energy Ltd.; Southern Copper Corp.; Sysco Corp.; UGI Corp.
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Tuesday May 3
China Caixin manufacturing PMI
Euro area producer price index
(12:30 p.m. ET) Bank of Canada governor Stephen Poloz participates in a panel ("Monetary Policy: out of Ammunition") at the Milken Institute Global Conference in Los Angeles.
Also: U.S. and Canada motor vehicle sales for April.
Earnings include: 5N Plus Inc.; Aecon Group Inc.; Affiliated Managers Group Inc.; Agrium Inc.; Argonaut Gold Inc.; Arsenal Energy Inc.; Baytex Energy Corp.; Black Diamond Group Ltd.; BNP Paribas SA; CanWel Building Materials Group Ltd.; CBS Corp.; Centerra Gold Inc.; Cineplex Inc.; Columbia Pipeline Group Inc.; Cummins Inc.; CVS Health Corp.; Devon Energy Corp.; Duke Energy Corp.; Encana Corp.; Etsy Inc.; Fortis Inc.; Gibson Energy Inc.; Harris Corp.; IAMGOLD Corp.; Illumina Inc.; Lucara Diamond Corp.; Macerich Co.; Mallinckrodt Plc; Martinrea International Inc.; Matador Resources Co.; Match Group Inc.; Molson Coors Brewing Co.; Mylan NV; Myriad Genetics Inc.; New York Times Co.; Newfield Exploration Co.; North American Energy Partners Inc.; ONEOK Inc.; Pfizer Inc.; Pitney Bowes Inc.; Russel Metals Inc.; Sandstorm Gold Ltd.; Sprint Corp.; Tahoe Resources Inc.; Timmins Gold Corp.; TransAlta Corp.; UBS Group AG; Valero Energy Corp.; Wajax Corp.; Western Union Co.; WestJet Airlines Ltd.; Westshore Terminals Investment Corp.
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Wednesday May 4
Euro area services and composite PMI and retail sales
(8:15 a.m. ET) U.S. ADP National Employment Report for April. Consensus is an increase of 196,000 jobs, compared to an increase of 200,000 in previous month.
(8:30 a.m. ET) Canada merchandise trade balance for March. Consensus estimate is a deficit of $1.2-billion, up from a $1.9-billion deficit in February.
(8:30 a.m. ET) U.S. productivity and unit labour costs for Q1 (P). Consensus projections are an annualized rate decline of 1.4 per cent and an increase of 2.9 per cent, respectively.
(8:30 a.m. ET) U.S. goods and services trade deficit for March. Consensus is $43-billion, down from $47.1-billion in previous month.
(10 a.m. ET) U.S. factory orders for March. Consensus is an increase of 0.6 per cent from February.
(10:30 a.m. ET) EIA petroleum status report.
Earnings include: adidas AG; Allstate Corp.; American States Water Co.; Anheuser Busch Inbev SA; Athabasca Oil Corp.; Atmos Energy Corp.; China Gold International Resources Corp Ltd.; Clarke Inc.; Concho Resources Inc.; Dalradian Resources Inc.; DIRTT Environmental Solutions Ltd.; Dominion Resources Inc.; Dundee Precious Metals Inc.; Enerflex Ltd.; Equinix Inc.; Essential Energy Services Ltd.; Gildan Activewear Inc.; Godaddy Inc.; Golden Star Resources Ltd.; Great Panther Silver Ltd.; Home Capital Group Inc.; Horizon North Logistics Inc.; Humana Inc.; Intact Financial Corp.; Kinaxis Inc.; Loblaw Companies Ltd.; Long Run Exploration Ltd.; MacDonald Dettwiler and Associates Ltd.; Magellan Midstream Partners LP; Maple Leaf Foods Inc.; Marathon Oil Corp.; McKesson Corp.; Metlife Inc.; Microchip Technology Inc.; Mosaic Co.; New Flyer Industries Inc.; Noble Energy Inc.; PG&E Corp.; Primero Mining Corp.; Prudential Financial Inc.; Raging River Exploration Inc.; Siemens AG; Spectra Energy Corp.; Tesla Motors Inc.; Thompson Creek Metals Company Inc.; Time Warner Inc.; Trican Well Service Ltd.; TripAdvisor Inc.; Veresen Inc.; Weight Watchers International Inc.; Whitecap Resources Inc.; Whole Foods Market Inc.; Xtreme Drilling and Coil Services Corp.; Yamana Gold Inc.; Zoetis Inc.
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Thursday May 5
Euro area retail PMI
China Caixin services and composite PMI
(8:30 a.m. ET) Canada building permits for March. Estimate is a decline of 0.8 per cent from February.
(8:30 a.m. ET) U.S. initial jobless claims for week of April 30. Estimate is 264,000, an increase of 7,000 from week of April 23.
Earnings include: 3D Systems Corp.; Activision Blizzard Inc.; Advantage Oil & Gas Ltd.; Ag Growth International Inc.; Alcatel Lucent SA; Alibaba Group Holding Ltd.; Altus Group Ltd.; Ameren Corp.; AmerisourceBergen Corp.; Apache Corp.; Atlantic Power Corp.; AutoCanada Inc.; Bankers Petroleum Ltd.; Bonavista Energy Corp.; Brookfield Infrastructure Partners LP; Cablevision Systems Corp.; Canadian Natural Resources Ltd.; Canadian Solar Inc.; Canexus Corp.; Canyon Services Group Inc.; Cara Operations Ltd.; Cascades Inc.; CI Financial Corp.; Cipher Pharmaceuticals Inc.; Claude Resources Inc.; Discovery Communications Inc.; DreamWorks Animation SKG Inc.; Endeavour Silver Corp.; Fiera Capital Corp.; GoPro Inc.; Great-West Lifeco Inc.; Halogen Software Inc.; Herbalife Ltd.; Icahn Enterprises LP.; Industrial Alliance Insurance and Financial Services Inc.; Kellogg Co.; KP Tissue Inc.; Kraft Heinz Co.; Labrador Iron Ore Royalty Corp.; Magna International Inc.; Manulife Financial Corp.; Merck & Co Inc.; MGM Resorts International; Mitel Networks Corp.; Motorola Solutions Inc.; PHX Energy Services Corp.; Premium Brands Holdings Corp.; Progressive Corp.; Second Cup Ltd.; Secure Energy Services Inc.; Sierra Wireless Inc.; SNC-Lavalin Group Inc.; Time Inc.; Trilogy Energy Corp.; Trimac Transportation Ltd.; Turquoise Hill Resources Ltd.; Valero Energy Partners LP.; Western Forest Products Inc.; Westport Innovations Inc.; Yelp Inc.
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Friday May 6
China foreign reserves
Japan services and composite PMI
(8:30 a.m. ET) Canada employment for April. Consensus is unchanged from March.
(8:30 a.m. ET) Canada unemployment rate for April. Consensus is 7.2 per cent, up 0.1 per cent from previous month.
(8:30 a.m. ET) Canada average hourly wages for April. Estimate is an increase of 2.9 per cent year over year, in comparison to a 3.2-per-cent increase in March.
(8:30 a.m. ET) U.S. nonfarm payrolls for April. Consensus is an increase of 200,000, compared to a rise of 215,000 in March.
(8:30 a.m. ET) U.S. unemployment rate for April. Consensus is 5 per cent, unchanged from March.
(8:30 a.m. ET) U.S. average hourly earnings for April. Consensus is an increase of 0.3 per cent from March.
(10 a.m. ET) Canada Ivey Purchasing Managers' Index for April.
(11 a.m. ET) Bank of Canada deputy governor Lawrence Schembri participates in a panel in Ottawa.
(1 p.m. ET) Baker-Hughes rig count.
(3 p.m. ET) U.S. consumer credit for March. Consensus is an increase of $16-billion from February.
Earnings include: Allergan plc; ArcelorMittal SA; Brookfield Property Partners LP; China Steel Corp.; Cigna Corp.; Enerplus Corp.; Exelon Corp.; Fortuna Silver Mines Inc.; High Arctic Energy Services Inc.; Hydro One Ltd.; IGM Financial Inc.; Nautilus Minerals Inc.; Pacific Insight Electronics Corp.; Pulse Seismic Inc.; Royal Nickel Corp.; Supremex Inc.; Vermilion Energy Inc.; Weyerhaeuser Co.; Yellow Pages Ltd.