360° Coverage : Week Ahead: Apple Developers, May Jobs, Euro Interest Rates

Week Ahead: Apple Developers, May Jobs, Euro Interest Rates

Jun 1 2014, 6:16pm CDT | by

Can Apple continue to dazzle consumers with new services and products? Has the U.S. economy continued to create new jobs at a rate of more than 200,000 a month? Will decisions on interest rates by the European and British central banks cause action in securities markets?

These are just three of the big questions investors will get answers to this coming week, which also brings other economic news and indicators including updates on US manufacturing, factory orders, vehicle sales, service industries and also the Federal Reserve’s “Beige Book” outlining economic conditions in the Fed system’s 12 regions.

Monday sees the start of Apple’s much anticipated Worldwide Developers Conference in San Francisco, with Apple watchers agog for news on anticipated software updates and any morsels of information about the new Healthbook app, any plans for an Apple “smart home,” as well as further news on its acquisition of Beats Electronics and Beats Music.

Apple aficionados are not expecting any blockbuster announcements like a new Mac, MacBook, Apple TV, iPhone, iPad or even an iWatch — but this is a company that can surprise.

Apple’s stock has soared more than 25 per cent since late January, giving it a monster stock market value of roughly $545 billion — so any information that affects its share price is massive news on Wall Street.

Monday also brings updates on May’s US manufacturing activity from the Institute for Supply Management, construction spending, a planned US Federal debt sale, and a speech by Chicago Fed president Charles Evans.

Tuesday sees updates on US vehicle sales for May, factory orders for April, earnings from Dollar General, and a speech by Kansas City Fed president Esther George.

Wednesday brings news on May’s activity in US service industries, the biggest part of the economy, the Federal Reserve’s “Beige Book” business survey from the Fed’s 12 regional banks, and ADP’s private sector employment report ahead of the big jobs news on Friday.

Thursday will see decisions on interest rates by the European Central Bank and the Bank of England. Some economists expect the ECB to cut its deposit rate even further and even lay out a framework for asset purchases in the future.

Friday brings a speech by Fed governor Jerome Powell and the big economic news of the week with the US jobs report for May.

Analysts are expecting more than 200,000 jobs to have been created for the fourth month in a row — rough estimates are for about 225,000 jobs, down from April but good enough to keep markets happy.

 
 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Fitbit Not Expected To Work With Healthkit
Fitbit Not Expected To Work With Healthkit
Apple’s new health tracking App won’t connect to Fitbit devices
 
 
Retailers Dropping NFC Readers To Stop Apple Pay
Retailers Dropping NFC Readers To Stop Apple Pay
Merchants are removing support for Apple Pay
 
 
AT&amp;T Showing Lack Of Vision With New SIM Cards
AT&T Showing Lack Of Vision With New SIM Cards
The company has busted the Apple SIM cards meant for travelers
 
 
The Stores of CVS and Rite Aid Stop Supporting Apple Pay
The Stores of CVS and Rite Aid Stop Supporting Apple Pay
CVS and Rite Aid are not accepting the service of Apple Pay from the last weekend
 
 
 

Latest from the Network

OPEC daily basket price closes tad higher
Vienna, Oct 29 (IANS/WAM) The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $82.44 a barrel Tuesday compared to $82.37 Monday, the OPEC Secretariat said. The new OPEC...
Read more on Business Balla
 
Rodriguez delighted to adapt to life at Real Madrid
Madrid, Oct 29 (IANS) Real Madrid's Colombian international James Rodriguez said that he has been a fan of the club for virtually all his life. Rodriguez, who joined Real Madrid for 80 million euros after the FIFA...
Read more on Sport Balla
 
Leopard print: Autumn fashion must-have
London, Oct 29 (IANS) Leopard is a statement print that never dates, and it's back with a vengeance for autumn. One should embrace the fashion must-have with open arms but be very careful of choosing the right piece....
Read more on Celebrity Balla
 
Pirate attacks off Somalia coast drop: Maritime watchdog
Nairobi, Oct 29 (IANS) A global maritime body said Wednesday that pirate attacks and armed robbery have decreased remarkably off the coast of Somalia in the past nine months. International Chamber of Commerce's...
Read more on Politics Balla
 
India leads South Asia in ease of doing business: World Bank
Washington, Oct 29 (IANS) A new World Bank Group report finds that has India set the pace for regulatory reform in South Asia since 2005 with 20 measures - the largest in the region. India was followed by Sri Lanka...
Read more on Business Balla
 
Modi to have jam-packed itinerary at SAARC Summit
Kathmandu, Oct 29 (IANS) Indian Prime Minister Narendra Modi, who arrives in Nepal on a four-day visit Nov 25 to participate in the 18th SAARC Summit, will be visiting three religious sites -- Janakpur, Lumbini and...
Read more on Politics Balla
 
Over 250 still missing in Sri Lanka landslide
Colombo, Oct 29 (IANS) Sri Lanka's Disaster Management Center(DMC) Wednesday said that over 250 people remain missing, hours after a massive landslide which buried over 150 houses in Haldammulla, located between...
Read more on Politics Balla
 
Bangladesh's Jamaat calls shutdown after chief's death sentence
Dhaka, Oct 29 (IANS) Bangladesh's largest Islamist party, Jamaat-e-Islami, Wednesday called for a country-wide shutdown after its chief Motiur Rahman Nizami was handed down the death sentence for wartime atrocities...
Read more on Politics Balla
 
Israelis ready to dump family, sex for internet: Poll
London, Oct 29 (IANS) A Google poll revealed that many Israeli people are willing to sacrifice sex and stop talking to their mothers for the sake of internet surfing. Conducted by MarketWatch organisation on behalf of...
Read more on Celebrity Balla
 
Syrian forces down drone in eastern city
Damascus, Oct 29 (IANS) Syrian troops Wednesday downed a drone in the eastern province of Deir al-Zour, state-run SANA news agency reported. Citing a military source, SANA said the Syrian troops downed the drone...
Read more on Politics Balla