Every Friday Midday Movers asks the panel what stories might move markets next week. Here’s what they had to say:
Aaron Task: Jobs report
The monthly jobs report is out Friday. Task says, “The expectation is for 230,000 jobs, which would be a nice rebound from the 126,000 we saw in March. If there’s another disappointing number, you look at the chart, the trend is clearly going down. I think a lot of economists are saying ‘oh it’s just the weather and it’s temporary.’ If we get another lackluster month of jobs, people are going to start and come around to that 'top or not' discussion about the U.S. economy.”
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Akiko Fujita: UK Elections
“This is one of the most hotly contested elections in the UK in recent history,” Fujita says of the Parliamentary battle between the Labor Party led by Ed Miliband and current Prime Minister David Cameron of the Conservative Party.
“When you look at how close this election is, we’re looking at possible implications that could reverberate beyond the UK,” she notes. For example, Cameron has suggested the country hold a referendum about staying in the European Union should he serve another term.
Andy Serwer: Cinco de Mayo
Yahoo Finance’s editor in chief is celebrating Cinco de Mayo by taking a closer look at Mexico's economy. “The Mexican economy...has been kind of up and down,” Serwer says,” expecting 3.3% GDP growth this year. And of course [it’s] very much an oil-based economy so things were looking up, and then they were looking down and maybe they’re back on track.”
And finally here are some other things to keep an eye on next week:
Comcast (CMCSA) reports quarterly earnings Monday before the opening bell.
McDonald’s (MCD) CEO Steve Easterbrook will announce his turnaround plan on Monday.
Disney (DIS) reports earnings on Tuesday and Tesla (TSLA) follows suit on Wednesday.
