On the U.S. economic calendar this week, investors will be paying close attention to estimated first quarter GDP growth along with new figures on home sales, durable goods orders, and consumer sentiment.
The consensus forecast is that U.S. real (adjusted for inflation) GDP slowed to around 2 percent in the first quarter. Overseas, Japan releases a batch of data this week covering unemployment, retail sales, and industrial production, along with the latest monetary policy statement from the Bank of Japan. Turkey’s central bank is also scheduled to deliver its latest interest rate decision this week. On the corporate calendar, the Financial Times reports that Boeing is expected to report lower sales and profits on Wednesday while Amazon is expected to report better numbers on Thursday. Have a great week and don’t miss next week’s ISRI Market Report for a recap of the week’s key economic, trade, commodity, and scrap market highlights!
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