Investing.com – Here are the top five issues that need to be addressed this Tuesday, April 30, in the financial markets.
1. The Google revenue decline reduces technology
Shares in parent company Google Alphabet (NASDAQ 🙂 tumbled nearly 8% before opening on Tuesday after the company's announcement.
This weighs the actions of other technology companies; they are left 0.2% in comparison to the flat readings of the eo
The markets will have to absorb more results from the major technology companies, such as Apple (NASDAQ :), which publishes its report after the market closes. In addition to the technology sector, General Electric (NYSE :), MasterCard (NYSE :), McDonald's (NYSE :), Merck (NYSE 🙂 and Pfizer (NYSE 🙂 are some of the companies that publish their results before the opening bell.
2. China announces weakening of manufacturing activity pending trade negotiations
China's manufacturing activity expanded at a slower-than-expected pace in April, indicating that fiscal and stimulus measures aimed at reactivating the economy have not been fully successful.
China's manufacturing purchasing managers' index falls to points this month, slightly above the 50-point level that separates the expansion from the contraction. Economists predicted a rise to 50.7 points.
US President Donald Trump said last week that he will soon meet Chinese President Xi Jinping at the White House. The meeting between the two leaders is likely to result in the signing of an agreement to end the dispute over tariffs and market access.
3. The Fed begins its monetary policy meeting with data from the real estate and consumer sectors
The Federal Reserve begins its two-day Tuesday with expectations that interest rates will remain unchanged. At its March meeting, the Fed indicated that it would refrain from raising interest rates for the rest of the year, in the face of expectations of a slowdown in economic growth.
While data published last week indicated that US economic growth unexpectedly accelerated in the first quarter, expansion was driven by increases in trade and inventories, which could be transitory. The underlying consumer price index of the private sector, generally considered the Fed's favorite inflation indicator, fell in March, supporting arguments for a pause in monetary policy adjustments.
Fed Chairman Jerome Powell will hold a press conference after Wednesday's meeting.
Also on Tuesday's economic agenda, markets assess the latest reading of consumer power with the April issue of the Conference Board.
4. Trump requires that Deutsche Bank it is a A capital
US President Donald Trump and his three older sons – Donald Jr., Eric and Ivanka – and seven of their companies filed a federal lawsuit against Deutsche Bank (DE 🙂 and Capital One (NYSE 🙂 in an attempt to prevent banks from responding to Congressional citations.
The subpoena calls for more congressional scrutiny for the president, who broke the tradition of posting tax returns during his 2016 campaign. The lawsuit claims that Democrat-mandated House committees' requests do not serve any legitimate or legal purpose. .
5. Boeing's biggest customer threatens to switch to Airbus
As a result of the two fatal crashes that landed on Boeing's 737 MAX aircraft (NYSE :), one of the company's top customers threatened to order the aircraft from its competitor Airbus (PA).
Flydubai's chief executive Sheikh Ahmed bin Saeed al-Maktoum has said he intends to seek compensation for land confinement from the 14 actions of the 737 MAX model and that he could seek substitutes for Airbus, according to a Financial Times report.