PNC Finl Svc Action Forum

The week will be pure entertainment.

Monday:

• Release of the Empire State Manufacturing Index (July)
• Start of the Republican National Convention
• Statements by FED Chair Jerome Powell and San Francisco
  Fed President Mary C. Daly
• Quarterly results from Goldman Sachs ($GS (+2,22 %) ), BlackRock ($BLK ) and Servis1st Bancshares ($SFBS )

Tuesday:

• Start of the ⚠️Amazon Prime Day⚠️
• Continuation of the Republican National Convention
• Publication of retail sales (June), business inventories (May), import/export prices (June) and the real estate market index (July)
• Quarterly results from UnitedHealth ($UNH (+3,09 %)), Bank of America ($BAC (+1,3 %)), Morgan Stanley ($MS (+1,35 %)), Charles Schwab ($SCHW (+2,16 %)), PNC Financial ($PNC (+1,07 %)), State Street ($STT (-0,14 %)) and J.B. Hunt Transport ($JBHT (+2,61 %))
• Statements by FED Governor Adriana Kugler

Wednesday:

• End of of the ⚠️Amazon Prime Day⚠️
• Continuation of the Republican National Convention
• Publication of housing data (June) and industrial production (June)
• Publication of the FED Beige Book
• Quarterly results from Johnson & Johnson ($JNJ (+0,03 %)), US Bancorp ($USB (+2,13 %)), Kinder Morgan ($KMI (+2,78 %)) and Discover Financial Services ($DFS (+0,81 %))

Thursday:

• Publication of the weekly Jobless Claims (until July 13)
• Publication of of the Philadelphia Fed Manufacturing Index (June)
• Quarterly results from TSMC ($TSM (+0,91 %)), Netflix ($NFLX (+0,37 %)), Novartis ($NVS (+0,2 %)), Abbott ($ABT (+2,48 %)), United Airlines ($UAL (+3,22 %)) and Intuitive Surgical ($ISRG (+2,71 %))
• ⚠️Abschluss of the Republican National Convention with speeches by Donald Trump (not sure)⚠️

Friday:

• Quarterly results from American Express ($AXP (+0,52 %)), Travelers Cos. ($TRV (+2,63 %)), Halliburton ($HAL (-0,29 %)), Fifth Third Bancorp ($FITB (+1,7 %)), Huntington Bancshares ($HBAN (+0,19 %)) and Regions Financial ($RF (+0,84 %))
• Statements from New York
  FED President
  John C. Williams and Atlanta Federal Reserve President Raphael Bostic

Here is a summary of important events & the Formatting is Getquin's fault!

US MARKET🇺🇸

Monday

Publication of the Empire State Manufacturing Survey of the New York Fed for April.

Publication of the retail sales in the USA for March.

Publication of the business inventories for February.

Publication of the homebuilder confidence for April.

Speeches by Lorie LoganPresident of the FED of Dallasand Mary C. DalyPresident of the FED Bank of San Francisco.

Quarterly reports from Goldman Sachs ($GS (+2,22 %) ), Charles Schwab ($SCHW (+2,16 %) ) and M&T Bank ($MTB (+1,41 %) ).

Tuesday

Publication of the building permits for March.

Publication of the industrial production for March.

Quarterly reports from UnitedHealth Group ($UNH (+3,09 %) ) , Johnson & Johnson ($JNJ (+0,03 %) ), Bank of America ($BAC (+1,3 %) ), Morgan Stanley ($MS (+1,35 %) ), BNY Mellon ($BK (+0,21 %) ) and PNC Bank ($PNC (+1,07 %) ).

Wednesday

Publication of the mortgage applications for the week ending April 12.

Publication of the FED Beige Books.

Quarterly reports from United Airlines ($UAL (+3,22 %) ), Abbott Laboratories ($ABT (+2,48 %) ), U.S. Bancorp ($USB (+2,13 %) ), Travelers Cos. ($TRVC34 ), Citizens Financial ($FCNCA (+0,5 %) ), First Horizon ($FHN (+1,66 %) ) and Discover Financial Services ($DFS (+0,81 %) ).

Thursday

Publication of initial jobless claims for the week ending April 13.

Publication of the Philadelphia Fed Manufacturing Survey for April.

Release of existing home sales for March.

Speeches by John C. WilliamsPresident of the FED of New Yorkand Raphael BosticPresident of the FED of Atlanta.

Quarterly reports from Netflix ($NFLX (+0,37 %) ), Intuitive Surgical ($ISRG (+2,71 %) ) and Infosys ($INFY ).

Friday

Speech by Austan GoolsbeePresident of the FED of Chicago.

Quarterly reports from Procter & Gamble ($PG (+3,31 %) ), American Express ($AXP (+0,52 %) ), Fifth Third Bancorp ($FITB (+1,7 %) ) and Huntington Bancshares ($HBAN (+0,19 %) ).

Saturday

Possible events in connection with the Bitcoin halving.

EU MARKET

Monday

Release of industrial production

Speech by Philip Lane, Member of the Executive Board of the ECB

Quarterly reports from Pagegroup ($PAGE (+1,28 %) ) 🇬🇧, Playtech $PTEC (-0,29 %) ) 🇬🇧

Tuesday

Trade Balance (Feb)

ZEW Economic Sentiment

Eurogroup Meetings

Publication of the quarterly reports of Ashmore ($ASHM (-0,23 %) ) 🇬🇧

Wednesday

Publication of CPI data

EU Summit & Eurogroup Meetings

Speech by Isabel Schnabel, Member of the Executive Board of the ECB

Quarterly figures from Severstal ($CHMF ) 🇷🇺, Volvo B ($VOLV B (-3,37 %) ) 🇸🇪, Viscofan $VIS (+1,06 %) ) 🇪🇸, Petershill Partners ($PHLL ) 🇬🇧, Hays ($HAS (-1,04 %) ) 🇬🇧

thursday

Speech by Luis de GuindosVice President of the ECB

EU Summit & Eurogroup Meetings

Speech by Isabel Schnabel, Member of the Executive Board of the ECB

- Quarterly figures from EQT AB ($EQT (-2,29 %) ) 🇸🇪, EssilorLuxottica ($EL (+0,83 %) ) 🇫🇷, Nordea Bank ($NDA FI (-0,25 %) ) 🇸🇪, Sartorius Stedim ($DIM (-1,61 %) ) 🇩🇪, Nokia Oyj $NOKIA (-0,81 %) ) 🇫🇮, Inter Cars SA ($n/a) 🇵🇱, Tauron Polska Energia ($TPE (+1,04 %) ) 🇵🇱, Forvia ($FRVIA (-2,55 %) ) 🇫🇮, Dunelm ($DNLM (+0,75 %) ) 🇬🇧, Adtran Networks SE ($ADV (+0 %) ) 🇩🇪, Olvi Oyj A ($OLVAS (-0,17 %) ) 🇫🇮, Econocom ($ECOM ) 🇧🇪, Talenom Oyj $TNOM (+2,33 %) ) 🇫🇮, Alisa Pankki Oyj ($ALISA (-0,42 %) ) 🇫🇮

Friday

Eurogroup Meetings

CFTC EUR speculative net positions

Quarterly figures from Sodexo ($SW (+0,51 %) ) 🇫🇷, Linea Directa Aseguradora ($LDA (-3,21 %) ) 🇪🇸, Alma Media ($002950 ) 🇫🇮, Gofore ($GOFORE (+1,34 %) ) 🇫🇮

Here is a summary of important economic events for next week:

Monday

• Dallas Fed President Logan speaks at 9:00
  Clock.

• Fed Gov. Jefferson speaks at 12:50 p.m.

Tuesday

• PepsiCo ($PEP (+1,38 %) ) and Neogen Corp.. ($NEOG (+5,94 %) ) publish their quarterly reports.

• The NFIB Business Optimism Index for September is published.

• Publication of the Consumer Inflation Expectations for September.

• Publication of wholesale inventories for August.

• The first day of the Amazon Prime Big Deal Days event.

Wednesday

• Publication of the Producer Price Index
  (PPI) for September.

• Publication of the Meeting Minutes of the FOMC meeting.

• The second day of the Amazon Prime Big Deal Days event.

Thursday

• Companies like Infosys Ltd. ($INFY (+1,37 %) ), Fastenal Co.. ($FAST (-0,16 %) ), Delta Air Lines ($DAL (+1,41 %) ), Walgreens Boots Alliance ($WBA (-1,4 %) ), Domino's Pizza ($DPZ (+3,32 %) ) and Commercial Metals Co. ($CMC (+2,74 %) ) publish their quarterly reports.

• Publication of the Consumer Price Index
  (CPI) for September.

• Publication of the inflation rate in China for September.

• Publication of the trade balance from China for September.

Friday

• Companies like UnitedHealth Group ($UNH (+3,09 %) ), JPMorgan Chase ($JPM (+0,97 %) ), BlackRock ($BLK ), Progressive Corp. ($PRG (+1,59 %) ), Citigroup ($C (+1,33 %) ), Wells Fargo ($WFC (+1,06 %) ) and PNC Financial Services ($PNC (+1,07 %) ) publish their quarterly reports.

• Publication of the Michigan Consumer Sentiment Index (preliminary reading) for October.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗢𝗵𝗻𝗲 𝗚𝗮𝘀 𝗸𝗲𝗶𝗻 𝗦𝗽𝗮𝘀𝘀 / 𝗙𝗮𝗶𝗿𝗲𝘀 𝗕𝗮𝘂𝗲𝗻? / 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗱𝘂𝗿𝗰𝗵 𝗱𝗶𝗲 𝗗𝗲𝗰𝗸𝗲

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, Source Capital ($SOR), RPM International ($RP8 (+1,62 %)), Cadence Bancorporation ($729), Graco Inc ($GA8 (+1,06 %)), Patrizia AG ($PAT (-0,07 %)) and Husqvarna AB ($HSQVY) traded ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, Goldman Sachs ($GOS (+2,22 %)), Prologis ($POJN (+2,72 %)), PNC Financial Services ($PNP (+1,07 %)) and Truist Financial Corporation ($BBK (-1,31 %)) present their figures.

𝗜𝗣𝗢𝘀 🔔

Performance One - The digital solution provider is targeting an IPO later this year. 50% of the gross IPO proceeds are to be invested in acquisitions and the other half in product development and general corporate purposes. The company has a lot on its plate and is looking to grow in the digital services space and in the e-health market with its AI-powered online self-help platform couch:now.

Performance One was able to increase its 2020 revenue by 19.2% to 7.8 million euros and, according to the board, create the optimal conditions for growth.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

China/USA - US gas to China instead of Europe? According to Handelsblatt, a billion-dollar deal between the U.S. and China could be imminent, and this in the midst of the gas crisis. Among others, Sinopec ($CHU (+0,48 %)) and the China National Offshore Oil Company ($NC2B) are said to be negotiating with U.S. exporters on the supply of liquefied natural gas. Long-term supply agreements have been demanded in the People's Republic to counteract the security of supply in China. Thus, higher prices to be achieved in China than in Europe are leading to an increasing number of tankers with liquefied natural gas heading for China. As a result, wholesale prices in Europe have also risen enormously since the beginning of the year.

IG Bau - Now there is finally a compromise between IG Bau and employers in the long-running collective bargaining negotiations. Workers in the German construction industry will gradually receive more money and will also receive a Corona bonus of 500 euros in the west and 220 euros in the east. In addition, the workers' often long journeys to the construction site could now be compensated.

By 2026, there is also to be a complete alignment of east-west salaries, which every employer can also do earlier.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Bitcoin ($BTC-EUR (+0,04 %)) - Following imminent ETF approval, the bitcoin price briefly broke through the $60,000 level for the first time since April. After many ups and downs in recent months, bitcoin was able to regain strong momentum. The price was driven by the probable approval of several Bitcoin futures ETFs by the "Securities and Exchange Commission". Thus, it will soon be possible to trade with them in the USA.