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

A Look At Apple’s Secret Keeping Machine
A Look At Apple’s Secret Keeping Machine
The famously secretive company makes silence an art form
 
 
China to produce its own 'Avatar'
Beijing, July 28 (IANS) China is preparing to produce its own 3D fantasy movie, based on romantic folklore, to make it an epic on par with the US blockbuster science-fiction movie "Avatar".
 
 
New Images Revealed iPhone 6 Motherboard
New Images Revealed the iPhone 6 Motherboard
The iPhone 6 logic board includes 802.11ac Wi-Fi module and NFC chip
 
 
Apple Keen in Entering into the Market of Mobile Payment Service
Apple Keen in Entering into the Market of Mobile Payment Service
Apple is discussing with a number of payment industry giants about the potential partnership for developing its own mobile payment service
 
 
 

Latest from the Network

Brazilian soccer standings
Rio de Janeiro, July 28 (IANS) Following are the standings of the Brazilian Serie A championship after the latest round of matches Saturday and Sunday (tabulated under matches played, won, drawn, lost, goals for, goals...
Read more on Sport Balla
 
2.5 bn smartphone users globally by 2015: US report
New York, July 28 (IANS) Nearly 2.5 billion people or 35 percent of the global population is expected to use smartphones by the end of 2015, says the latest report of US-based industry tracker Strategy Analytics. The...
Read more on Celebrity Balla
 
Ronaldinho on his way out: Jo
Rio de Janeiro, July 28 (IANS) Ronaldinho has probably played his last match for Brazilian club Atletico Mineiro, according to the star's teammate and close friend Jo. The 34-year-old has not contacted anybody at the...
Read more on Sport Balla
 
CWG: Indian paddlers lose to England in men's team semis
Glasgow, July 28 (IANS) India lost 1-3 to England in the 2014 Commonwealth Games men's team table tennis semifinal and will have to be content with playing for the bronze medal against Nigeria. The country's top...
Read more on Sport Balla
 
Dolly Parton would sing own songs in biopic
Dolly Parton would perform her own songs in a movie of her life. The 'Jolene' hitmaker doesn't want an actress to have the ''pressure'' of having to match her famous vocals in a biopic, so would allow them to lip-sync...
Read more on Movie Balla
 
Twin blasts in Nigeria kill five
Abuja, July 28 (IANS) At least five people were killed in two bomb blasts in Nigeria's Kano city, a mainly Christian area, Sunday afternoon, police said. The first blast occurred under a bridge in the Sabon Gari...
Read more on Politics Balla
 
Australia gives $5 mn for Gaza relief
Sydney, July 28 (IANS) The Australian government is providing five million Australian dollars (4.7 million US dollars) in urgent humanitarian assistance to Gaza, Foreign Minister Julie Bishop announced Monday. The...
Read more on Politics Balla
 
France wants expatriates to leave Libya
Paris, July 28 (IANS) French government Sunday called on all its nationals to quit Libya, "given the deteriorating security situation" prevailing in the African country. "All our nationals are invited to get in touch...
Read more on Politics Balla
 
Israel denies responsibility for UN school attack deaths
Jerusalem, July 28 (IANS) The Israeli army Sunday denied responsibility for the deaths of 16 Palestinians during Thursday's attack on a UN school in northern Gaza. "The inquiry as well as documented footage conclude...
Read more on Politics Balla
 
India lose badminton semi-final to England 3-0
Glasgow, July 28 (IANS) India lost to England 3-0 in the semi-finals of the badminton competition at the Commonwealth Games here late Sunday night. India's men's and mixed doubles teams fought well over three games,...
Read more on Sport Balla