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

Amazon Black Friday 2015 Sale is Live: The Best Deals
Amazon Black Friday 2015 Sale is Live: The Best Deals
The Black Friday 2015 sale on Amazon is an 8 Day event.
Amazon Black Friday 2015 Deals Unveiled
Amazon Black Friday 2015 Deals Unveiled
The Black Friday 2015 Deals offered in the Amazon Black Friday 2015 Sale are here.
Sam&#039;s Club Holiday Savings Celebration Sale 2015 Kicked Off Online
Sam's Club Holiday Savings Celebration Sale 2015 Kicked Off Online
The Sam's Club sale on Saturday November 14 is the first big Black Friday 2015 sale of the year and the Black Friday deals are online now ahead of the stores opening.
Find Hot Black Friday 2015 Deals
Find Hot Black Friday 2015 Deals
The Black Friday 2015 Ads are rolling advertising the Black Friday 2015 deals.