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.

 
 
 

<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

Apple Black Friday Sale Released
Apple Black Friday Sale Released
The Apple Store Black Friday 2014 deals are online. You can shop the Apple Gift Card Bundles now.
 
 
Apple Continues to Depend on Samsung
Apple Continues to Depend on Samsung
Despite previous speculation, Apple still relies on Samsung for the production of the components of its major devices
 
 
Apple Black Friday Deals are on Sale in MacMall Black Friday 2014 Sale
 
 
The Black Friday 2014 Sales You can Shop Today 11/26
The Black Friday 2014 Sales You can Shop Today 11/26
Over 20 Black Friday 2014 sales are already launched. Get the deals early to get your head free for the hard to get Black Friday deals to be released on Thanksgiving Day.
 
 
 

Latest from the Network

Abigail Breslin slams ex Michael Clifford
Abigail Breslin has slammed her ex, Michael Clifford. The 'My Sister's Keeper' actress went on a date with the 5 Seconds of Summer guitarist last year but it seems as though it didn't end well after she released a song...
Read more on Celebrity Balla
 
Kevin Bacon to sizzle in Jungle
Kevin Bacon is to star in 'Jungle'. The 56-year-old actor will appear in the survival drama, which is based on the true story of Yossi Ghinsberg, an adventurer who found himself lost in the Amazon rainforest for three...
Read more on Movie Balla
 
Mickey Rourke to return to boxing at 62
Mickey Rourke will return to boxing aged 62. The actor will come out of retirement and step into the ring tonight (11.28.14) for the first time in 20 years as he competes against 29-year-old Elliot Seymour. He said: ''...
Read more on Celebrity Balla
 
Kristen Stewart: Actors are isolated
Kristen Stewart claims actors become ''isolated'' because of their fame. The 24-year-old actress has become one of the biggest movie stars in the world following her portrayal of Bella Swan in the 'Twilight' franchise...
Read more on Celebrity Balla
 
Burt Reynolds to sell memorabilia
Burt Reynolds is selling over 600 personal items to stave off bankruptcy. The 78-year-old Hollywood star is reportedly struggling financially so will see awards, cars and costumes go under the hammer in Las Vegas next...
Read more on Celebrity Balla
 
Eddie Redmayne's fear of failure
Eddie Redmayne has a fear of failure. The 'Theory of Everything' star has admitted that like fellow actor, Rachel Weisz, he worries about ever getting hired again. He said: ''I was reading an interview with Rachel Weisz...
Read more on Celebrity Balla
 
Where to Find Black Friday Car Deals
The Black Friday Car Sales events have gained traction over the past couple of years. This year several major brands ran nation-wide commercials announcing their Car Black Friday deals. In the beginning it was creative...
Read more on Auto Balla
 
Indian Aces win inaugural IPTL tie
Manila, Nov 28 (IANS) The much-awaited inaugural International Premier Tennis League (IPTL) got off to a flying start with the Indian Aces notching an impressive 26-16 first victory against the Singapore Slammers at...
Read more on Sport Balla
 
Australian navy's largest ship commissioned
Canberra, Nov 28 (IANS) HMAS Canberra, a 27,000-tonne landing helicopter dock (LHD), was commissioned Friday, providing the Royal Australian Navy (RAN) with one of the world's most capable and sophisticated amphibious...
Read more on Politics Balla
 
Sindhu, Prannoy enter Macau Open semis
Macau, Nov 28 (IANS) Indian shuttlers P.V. Sindhu and H.S. Prannoy came out with contrasting wins to enter their respective semi-finals at the $120,000 Macau Open Grand Prix Gold here Friday. While defending champion...
Read more on Sport Balla