Fundamentals to watch out for this week

In terms of scheduled events, this week isn’t that risk heavy but post-Brexit scheduled and unscheduled commentaries and actions make it extremely risk heavy.

What to watch for over the coming days:

• Brexit commentaries and EU summit -

Both scheduled and unscheduled commentaries surrounding Brexit will keep dominating the fundamental over this week, casting its shadow on financial markets. European leaders including Britain’s Prime Minister David Cameron will meet in Brussels in a summit that is the biggest focus of the week.

• US economic data -

After recent weakness in U.S. labor market, the focus will be on other economic dockets like final reading of first-quarter GDP on Tuesday, Personal income spending data on Wednesday, and manufacturing PMI on Friday.

• Stress test -

U.S. Federal Reserve will announce the result of a stress test done on biggest U.S. and foreign banks, which would be closely watched in a turbulent time like this. In addition to that, this test will determine whether these lenders can increase dividends or buy-back shares.

• US earnings -

It is the earning season and big corporates like Nike, Micron, General Mills and more are scheduled to announce their result, which is likely to be one of the key movers in S&P 500.