1. The Trump economy: The Trump administration’s first financial record card publishes at 8:30 a.m. ET on Friday.
The forecasts aren’t pretty.
The Atlanta Federal Reserve is predicting first quarter boom of just zero.2%. private economists are projecting annual growth around 1%. either method, that is manner decrease than Trump’s intention of 4%.
Trump was once president for lots of the first quarter, however lots of his concepts for dashing up the U.S. financial system have not yet develop into legislation.
2. across the pond: U.okay. GDP increase slowed to 0.three% in the first quarter, down from zero.7% within the remaining three months of 2016.
The u . s .’s economy had shown indicators of resilience after the Brexit referendum in June. but larger inflation is now starting to bite into shopper spending.
The leaders of the 27 different eu participants will meet on Saturday to set the bloc’s strategy in advance of divorce negotiations.
three. world market overview: U.S. inventory futures have been flat early Friday.
European markets opened principally lower, whereas Asian markets ended the session combined.
The Dow Jones industrial moderate closed flat on Thursday. The S&P 500 was up 0.1% and the Nasdaq closed zero.4% better.
Oil prices climbed greater than 1% in a single day to $ forty nine.50 per barrel.
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4. stock market movers — Alphabet, Amazon, Starbucks: Shares in Alphabet (GOOGL, Tech30), the owner of Google, jumped four% in premarket trading.
the corporate’s outcomes, revealed Thursday, confirmed its gross sales reached $ 24.8 billion within the first quarter. the company additionally published that it had reach developing some new sources of revenue.
Amazon (AMZN, Tech30) used to be additionally up premarket on a powerful earnings report. The stock is now approaching the $ 1,000 price mark.
Western Digital (WDC) surged in prolonged trading after topping analysts expectations in its salary file Thursday.
Starbucks (SBUX) was once down premarket after reporting vulnerable sales boom within the U.S. Intel (INTC, Tech30) used to be also heading for a decrease open after the corporate overlooked sales forecasts.
Shares in Barclays (BCS), certainly one of Britain’s greatest banks, plummeted nearly 5% on Friday after reporting its results. financial institution CEO Jes Staley is in scorching water after admitting that he tried to unmask a whistleblower.
5. earnings and economics: Exxon Mobil (XOM) and Chevron (CVX) are reporting results prior to the bell. both are expected to show sturdy profits, benefiting from their price reducing programs.
Colgate-Palmolive (CL), basic Motors (GM), Honda (HMC) and Spirit airways (save) are additionally set to free up cash before the open Friday.
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France mentioned 0.three% GDP increase within the first quarter on Friday. Spanish GDP boom jumped to zero.eight% within the first quarter, suggesting that eurozone economic boom accelerated firstly of 2017.
Eurozone inflation elevated to 1.9% in April.
6. Coming this week:
Friday — GM (GM) revenue; U.S. and U.okay. first quarter GDP knowledge
CNNMoney (London) First revealed April 28, 2017: 5:11 AM ET
latest financial information – CNNMoney.com