This is the busiest week of the earnings season, with 156
S & P 500
Components report their second quarter results.
and a number of drug manufacturers – including
-Today on Tuesday.
are the highlights on Wednesday followed by
in Thursday. Oil companies
ornament in the shape of
The main event of the week will be the July meeting of the US Open Market Committee, where the market expects politicians to cut interest rates. The statement of the committee will be published at 2 pm. on Wednesday, followed by a press conference with Federal Reserve Chairman Jerome Powell at 2:30 pm. Other editions include the Consumer Confidence Index of July at the Institute for Supply Management for July on Thursday, and the jobs and earnings per hour by the Bureau of Labor Statistics on Friday.
Group of Managers, Illumina
Communications in the SBA
Vornado Realty Trust
report quarterly results.
Advanced Micro Devices
Procter & Gamble
and Under Armor Profits
A US delegation led by Finance Minister Stephen Munchin goes to Shanghai to meet with his Chinese counterparts to discuss the current trade war between the two largest economies in the world.
Japan's central bank announces its decision on monetary policy. The central bank is expected to keep its base interest rate at a negative value of 0.1%.
BB & T
will hold special meetings of shareholders in Atlanta and Greensboro, North Carolina respectively. Shareholders will be asked to approve the proposed merger of the two regional banks. The combined company will be the sixth largest bank in the US and will be called "Trust Finance".
The Conference Council takes the consumer confidence index for July. Economists forecast a reading of 125.4, which is greater than 121.5 June.
The National Association of Realtors publishes its index for upcoming housing sales for June. Consensus estimates are for a 0.5% increase in sales expectation, which is less than the 1.1% growth for May.
Automatic data processing
The Power of Dominance
Equinix General Electric Humana
and Qualcomm's quarterly results report.
ADP publishes its National Employment Report for July. Expectations are for a growth of 155,000 jobs in the private sector after a profit of 102,000 in June. Economists predict a jump to 51.7 from June 49.7, which was the first reading of sub-50 since January 2017.
General Motors Intercontinental Exchange
Royal Dutch Shell
and Yum! Marks hold conference talks to discuss quarterly results.
The Institute for Supply Chain Management publishes its production index for July. Consensus estimates are for reading from 52 to 51.7
The Census Bureau reports construction cost data for June. Expectations are for growth of 0.5% after a fall of 0.8% in May.
Cboe global markets
 Шеврон Enbridge
Industries of LyondellBasell and
Earnings for Energy Efficiency
The Bureau of Labor Statistics publishes job reports for July. Economists predicted that earnings from non-financial wages would rise by 160,000 after a jump of 224,400 in June. The highest unemployment rate is estimated at 3.7%
Weekly accent Wednesday 31 FOMC announces its decision on monetary policy. Wall Street has already appreciated a decline of 25 basis points from the federal fund rate to 2 percent to 2.25 percent.
– Robert Teitelman and Dan Lam