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Economic Calendar – Top 5 Things to Watch This Week By

Economic Calendar – Top 5 Things To Watch This Week By blogpost is one concerning that Finance, Forex categories, posted over our writer Erick Emerson over February 3, 2019, that paper can search with that tags 5, Calendar, economic, Investingcom, Top, Watch, Week. We're satisfied to satisfied you as well providing those another essay attributed finance as well I'm always updating those paper everyday.

© Reuters. – Political rhetoric could hang over the market in the coming week, as investors await U.S. President Donald Trump’s annual State of the Union address to Congress on Tuesday.

The speech comes as Trump begins the second two years of his first term facing major challenges, including a long-running probe into whether his 2016 presidential campaign colluded with Russia, as well as investigations by House Democrats of his presidency.

This week is also peppered with a handful of appearances from Federal Reserve officials, most importantly Chairman Jerome Powell on Wednesday, as investors look for further hints into the outlook for monetary policy in the months ahead.

The Fed last week signaled that its three-year drive to tighten monetary policy is close to an end due to rising headwinds to the economy.

On the data front, market players will keep an eye out on the Institute for Supply Management’s (ISM) survey on service sector activity to gauge the strength of the economy.

Meanwhile, in earnings, about 90 companies are due to report financial results this week, in what will be one of the last big waves of the fourth-quarter earnings season.

Elsewhere, the Bank of England will hold a policy meeting, though no change is expected amid growing uncertainty over the prospect of Britain exiting the European Union on March 29 with no deal in place.

Investors will also be watching for any important developments on the U.S.-China trade front, with the two sides racing to strike a deal before a March 2 deadline.

Ahead of the coming week, has compiled a list of the five biggest events on the economic calendar that are most likely to affect the markets.

1. President Trump’s State of The Union Address to Congress

President Donald Trump will make his annual to Congress at 9:00PM ET on Tuesday.

Trump signaled on Friday that the speech will include extensive remarks about his standoff with Democrats over building a wall along the U.S.-Mexico border, the subject of an intense partisan battle that prompted a 35-day partial government shutdown that ended a week ago.

Beyond the wall, a senior White House official said that Trump will outline what he sees as areas where Republicans and Democrats may be able to find agreement. These include a plan to fund infrastructure improvements across the country, lower the cost of prescription drugs and work to resolve long-standing differences over healthcare.

An excerpt of the speech released by the White House on Friday made clear Trump would strike a compromising tone in at least part of his address.

“Together we can break decades of political stalemate, we can bridge old divisions, heal old wounds, build new coalitions, forge new solutions and unlock the extraordinary promise of America’s future. The decision is ours to make,” Trump will say.

Whether the two sides are prepared to work together in any significant way is far from clear, with tensions still high over the shutdown fight and another deadline approaching on Feb. 15.

2. Fed Speakers

A number of Fed speeches will get market attention in the week ahead, as traders watch for further clues on interest rates.

Topping the agenda will be remarks from , who will be speaking Wednesday at a town hall meeting for teachers, in Washington DC at 7:00PM ET.

Speeches from Fed Vice Chair , Cleveland Fed President , St. Louis Fed President and Fed Governor will also be in focus.

Last week, the U.S. central bank left interest rates on hold and pledged to be patient with further interest rate hikes. It also said it could alter the pace of its balance sheet reduction “in light of economic and financial developments”.

The Fed’s announcement left market expectations for an interest-rate hike this year hanging by a thread, and raised the chances of a cut in 2020, according to’s .

3. U.S. ISM Services PMI

An ISM survey on service sector activity for January due at 10:00AM ET (15:00 GMT) on Tuesday is forecast to inch down to from the previous month’s reading of 57.6.

Besides the ISM data, this week’s rather light economic calendar also features data on factory orders, trade figures, and weekly jobless claims.

Data released on Friday showed that U.S. job growth surged in January, with employers hiring the most workers in 11 months. With key data from the Commerce Department, including the fourth-quarter gross domestic product report, still delayed because of the government shutdown, the employment report is the clearest evidence yet that the economy remains on solid ground.

4. Alphabet, Disney Highlight Busy Week of Earnings

There are about 90 S&P 500 companies reporting results in the week ahead, as the earnings season on Wall Street continues.

Nearly half the S&P 500 companies had reported for the fourth quarter by Friday morning, with 71% beating earnings estimates, while 62% have beaten revenue estimates.

Alphabet (NASDAQ:), Clorox…

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