• Amazon, BP, Exxon, Twitter, Facebook, Ford, VW release results
  • Obama visits Germany; Maryland, Pennsylvania hold primaries

Federal Reserve policy makers meet this week and will probably keep interest rates on hold amid concern about the state of the world’s biggest economy.

The U.S. government’s initial tally of first-quarter gross domestic product and readings on new home sales and orders for big-ticket goods in March highlight a busy economic data week.

Connecticut, Delaware, Maryland, Pennsylvania and Rhode Island hold primary elections.

U.S. President Barack Obama visits Germany, where he’ll attend an industry conference and meet with counterparts from the major European Union economies.

Brazil’s Senate forms a special committee on the impeachment motion against President Dilma Rousseff. Serbia holds a general election.

Brazil, Hungary, Japan and Russia set monetary policy.

Some of the biggest names in technology announce earnings this week: Apple Inc., Amazon.com Inc., Twitter Inc., eBay Inc., AT&T Inc. and LinkedIn Corp. Many European auto, drug, financial and oil companies are also reporting.

The National Basketball Association and the National Hockey League playoffs continue.

Saturday, April 23

-German Chancellor Angela Merkel, European Union President Donald Tusk and European Commission Vice President Frans Timmermans meet Turkish officials in Gaziantep, Turkey, to discuss the EU-Turkey migration deal. Timing to be determined.

-European Union finance ministers and central bankers meet in Amsterdam to discuss the European Commission’s proposal on corporate tax transparency, banking union and Greece’s bailout review. Starts at 10:00 CET (04:00 EDT).

-The NBA playoffs continue as the record-setting Golden State Warriors seek to capture a second straight title, which could be difficult without superstar Stephen Curry, who sprained his ankle in Game 1 and missed Game 2. Check here for the schedule.

-The National Hockey League’s Stanley Cup playoffs continue. The defending champions Chicago Blackhawks face elimination after back-to-back losses at home.  Click here for the schedule.

Sunday, April 24

-German Chancellor Angela Merkel and U.S. President Barack Obama attend the opening of the Hannover Messe industry show. The leaders will give opening speeches at 18:00 CET (12:00 EDT).

-The 24th Annual Middle East Petroleum & Gas Conference is held in Abu Dhabi. Suhail Al Mazrouei, Minister of Energy for the United Arab Emirates, is among the speakers. Through April 26.

-Serbia holds a general election. Prime Minister Aleksandar Vucic’s Progressive Party is expected to win a new four-year mandate to overhaul the economy and bring Serbia closer to EU entry. Polls close at 20:00 CET (14:00 EDT).

-Equatorial Guinea holds presidential election. President Teodoro Obiang, who’s been in office since 1979, will be challenged by six candidates and will probably extend his reign as Africa’s longest-serving leader.

-The twice-delayed Haiti presidential election is scheduled to take place. Polls close at 16:00 EDT.

-Japanese Prime Minister Shinzo Abe faces a key test in a closely fought special election on the northern island of Hokkaido, with the results playing into his calculations on whether to call a general election this summer. Polls close at 20:00 (07:00 EDT).

Monday, April 25

Inflatable figures of Rousseff and Lula.
Inflatable figures of Rousseff and Lula.
Photographer: Paulo Fridman/Bloomberg

-Brazil’s Senate forms a special committee on impeachment. The 21-person committee will recommend to the full chamber whether it should accept the impeachment motion against President Dilma Rousseff. If the Senate accepts the motion, Rousseff will have to temporarily step down while the chamber puts her on trial.

-Sales of new U.S. homes probably climbed to a three-month high in March, spurred by robust hiring and falling mortgage rates, economists project the Commerce Department to report. 10:00 EDT in Washington.

-U.S. President Barack Obama and German Chancellor Angela Merkel tour the Hannover Messe industry fair starting at 09:00 CET (03:00 EDT) in Hanover, Germany. Obama will deliver remarks at 11:25 CET. Merkel also hosts a meeting of the so-called G-5 leaders. Obama, U.K. Prime Minister David Cameron, French President Francois Hollande and Italian Prime Minister Matteo Renzi join Merkel to discuss terrorism, Islamic State and Libya.

-European Central Bank board members Vitor Constancio, Benoit Coeure and Daniele Nouy speak at a conference in Frankfurt. The ECB/EU Commission’s conference will focus on banking and capital-markets union in Europe. 08:45 CET (02:45 EDT).

-King Felipe VI will hold a final round of talks with the leaders of Spain’s political parties in an effort to form a coalition government before the May 2 deadline for fresh elections. Timing to be determined.

-German Finance Minister Wolfgang Schaeuble speaks on fiscal policy and balancing the budget at an industry conference in Berlin at 10:00 CET (04:00 EDT). He also delivers remarks on a similar theme and infrastructure investment at 17:00 CET at an event sponsored by a transportation lobby in Berlin.

-Aero Montreal hosts the Aerospace Innovation Forum. Canada’s Minister of Innovation Navdeep Bains and Bombardier Commercial Aircraft President Fred Cromer will give speeches at 10:00 EDT and 13:00, respectively. In Montreal through April 26.

-The U.S. International Trade Commission is scheduled to release its final decision in Samsung Electronics Co.’s patent-infringement case against Nvidia over graphics-processing chips. The decision could result in an import ban on certain products that use Nvidia chips. The announcement is scheduled to be released at 17:00 EDT.

-Saudi authorities are set to unveil the Vision of the Kingdom of Saudi Arabia, a comprehensive plan to prepare the country for the post-oil era.

-The International Monetary Fund holds a press conference in Dubai to discuss its Middle East and Central Asia Economic Outlook report at 08:45 in Dubai (00:45 EDT). The keynote speaker is Masood Ahmed, the fund’s Middle East chief. 

-Hungarian Prime Minister Viktor Orban speaks on the fifth anniversary of the country’s new constitution. The changes to the nation’s charter drew criticism from the EU that Orban disrupted checks and balances to consolidate power for his Fidesz party. 09:25 CET in Budapest (03:25 EDT).

-Egyptian political activists and critics of President Abdel-Fattah El-Sisi plan a protest against the decision to return two Red Sea islands to Saudi Arabia. Timing to be determined.

-U.S. government bond auctions, Fed debt purchases. Click here for the schedule.

-U.S. initial public stock offerings. Click here for the schedule.

-ECONOMY: Dallas Fed manufacturing (Apr.), Singapore CPI (March), Spanish PPI (March), German IFO business climate (April), Poland unemployment (March).

-EARNINGS: Express Scripts Holding Co., Pioneer Natural Resources Co., Xerox Corporation, KKR & Co. L.P., Halliburton Company, Husky Energy Inc., Canadian National Railway Company, Grupo Aeromexico SAB de CV, Royal Philips NV, TNT Express NV.

-ENERGY/COMMODITIES: U.S. Dept. of Agriculture commodity reports (weekly).

Tuesday, April 26

-Orders for U.S. durable goods probably increased in March, helped by a pickup in bookings for commercial aircraft, according to economists’ forecasts. The Commerce Department will issue the figures at 08:30 EDT in Washington.

-Connecticut, Delaware, Maryland, Pennsylvania and Rhode Island hold primary elections. At stake are 172 delegates for the Republican candidates and 463 delegates for the Democratic candidates. Click here for Bloomberg’s delegate tracker. (Follow TOPLive for real-time coverage.)

-The Securities Industry and Financial Markets Association (SIFMA) and the Investment Industry Association of Canada (IIAC) host the annual Canada–U.S. Securities Summit. Stephen Poloz, governor of the Bank of Canada, will give the keynote address. Begins at 08:40 EDT in New York.

-The U.S. Chamber of Commerce and the American Chamber of Commerce in China host the 7th China Business Conference. Former New York City Mayor Michael Bloomberg is this year’s honoree. Former Secretary of State Madeleine Albright will be one of the conference speakers. 15:00 EDT in Washington. Through April 27.

-Hungary holds rate meeting. Policy makers are expected to cut the base rate to 1.05 percent from 1.2 percent after unexpectedly easing monetary conditions in March when they abandoned a pledge to keep the cost of borrowing unchanged until the end of next year. 14:00 CET (08:00 EDT).

-Rice University’s Baker Institute for Public Policy will host U.S. Secretary of State John Kerry for a private address on the role of religion in foreign policy. 18:30 local time in Houston (19:30 EDT).

-ECONOMY: U.S. S&P/Case-Shiller home-price index (Feb.), U.S. Markit services PMI (April), U.S. consumer confidence (April), Richmond Fed manufacturing (April), U.S. Fed’s Open Market Committee begins two-day meeting, South Korean GDP (1Q), South Africa leading indicator (Feb.), France total job seekers (March).

-EARNINGS: Apple Inc., Capital One Financial Corp., Twitter, Inc., AT&T Inc., eBay Inc., Coach, Inc., McGraw Hill Financial Inc., Simon Property Group, Inc., 3M Co., EI du Point de Nemours and Company, Eli Lilly and Company, Proctor & Gamble Company, Lockheed Martin Corp., Corning Inc., Reynolds American Inc., Grupo Financiero Interacciones, SA de CV, Barrick Gold Corp., Bank of China Ltd., SK Hynix Inc., Swedbank ABAB, Bayer AG, BP Plc, Fiat Chrysler Automobiles NV.

-ENERGY: American Petroleum Institute inventory report (weekly).

Wednesday, April 27

-Federal Reserve officials convene for the third time this year on monetary policy, and economists project they will keep the benchmark federal funds rate in a 0.25 percent to 0.5 percent range as they assess the economy, labor market and global market conditions. The Federal Open Market Committee will announce its decision at 14:00 EDT in Washington. (Follow TOPLive blog for real-time coverage here).

-Brazil makes rate decision. The Banco Central do Brasil will probably keep its key rate at a nine-year high of 14.25 percent for a sixth straight meeting. Policy makers last month said they see no room to cut rates as inflation will remain above its 2017 target despite a prolonged recession. 19:00 in Brasilia (18:00 EDT).

-Brazil’s Supreme Court rules on state debt payments. The country’s top court will decide whether states should repay their debt to the federal government using simple or compound interests rates. The ruling will have a profound impact on the country’s finances, as both state and federal governments are under fiscal strain amid the worst recession in decades. Court sessions start at 14:00 local time (13:00 EDT).

-The U.S. Crude Exports Congress is held in Houston. Global markets and potential bottlenecks will be the focus for attendees including Hess Corp., Saras SpA and Mexico Petroleum Co. Through April 28.

-German Chancellor Angela Merkel speaks at a conference sponsored by her Christian Democrat-led party bloc at 17:35 CET (11:35 EDT) in Berlin.

-CENTRAL BANKS: Georgia rate decision.

-ECONOMY: U.S. MBA mortgage applications (weekly), U.S. advance goods trade deficit (March), U.S. pending home sales (March), Russian CPI (weekly), Australia CPI (1Q), China industrial profits (March), South Korean consumer confidence (April), Ghana GDP (4Q), U.K. GDP (1Q), Italy business confidence (April), Russia weekly CPI (April 25).

-EARNINGS: Marriott International Inc., Texas Instruments Inc., PayPal Holdings, Inc., Facebook Inc., Mondelez International Inc., Nasdaq Inc., State Street Corporation, Boeing Company, General Dynamics Corporation, United Technologies Corp., Hess Corp., International Paper Company, Hilton Worldwide Holdings Inc., Boston Scientific Corp., Comcast Corp., Baker Hughes Inc., Anthem Inc., Northrop Grumman Corp., Banco Santander (Brasil) SA, Moelis & Company, Suncor Energy, Inc., Nintendo Co., Nomura Holdings Inc., Mitsubishi Motors Corp., Statoil ASA, Telenor ASA, Nordea Bank AB, Total SA, Banco Santander SA, GlaxoSmithKline PlcPlc, Barclays Plc, Deutsche Boerse AG, Home Retail Group Plc.

-ENERGY/COMMODITIES: Bloomberg survey of analysts’ expectations on natural gas volume (weekly), U.S. Energy Information Administration’s petroleum inventory report (weekly).

Thursday, April 28

-The U.S. economy probably grew in the first quarter at the slowest pace in a year as consumers pulled back and business investment waned. Economists project the Commerce Department’s first estimate for the period to show a 0.6 percent increase in gross domestic product. 08:30 EDT in Washington. (Follow the TOPLive blog for real-time coverage here.)

-Bank of Japan makes a policy decision. The central bank will add to monetary stimulus, according to a slim majority of economists surveyed by Bloomberg. Governor Haruhiko Kuroda will give a press conference following the decision. Timing to be determined.

-U.K. Chancellor of the Exchequer George Osborne is questioned by the House of Commons Treasury Committee in London about the Treasury’s warning that the British economy would suffer permanent damage if voters decided to leave the European Union in the June 23 referendum. Starts at 10:30 in London (05:30 EDT).

-The Bank of Italy’s shareholders hold their annual meeting at which Governor Ignazio Visco will make a speech. 09:30 CET (03:30 EDT).

-Bank of Finland Governor Erkki Liikanen speaks on the country’s economic outlook at a conference organized by the New North Forum in Helsinki. 11:40 (04:40 EDT).

-The Austrian central bank’s annual report is presented by Governor Ewald Nowotny. 11:15 CET (05:15 EDT).

-Bank of Portugal Governor and ECB Governing Council Member Carlos Costa speaks at a lunch hosted by the Portuguese-British Chamber of Commerce in Lisbon. 12:30 (07:30 EDT).

-Norway’s sovereign wealth fund releases a report on its first-quarter investments and an annual overview of its real estate holdings at 12:00 CET (06:00 EDT) in Oslo.

-CENTRAL BANKS: New Zealand rate decision, Egypt rate decision.

-ECONOMY: U.S. jobless claims (weekly), U.S. Bloomberg consumer comfort (weekly), Kansas City Fed manufacturing (April), Brazil IGP-M inflation (April), Brazil total outstanding loans (March), Japan jobless rate (March), Japan household spending (March), Japan CPI (March), Japan industrial production (March), Japan retail sales (March), Saudi Arabia net foreign assets (March), Turkey foreign tourist arrivals (March), South Africa PPI (March), euro-area economic confidence (April), German unemployment (April), German inflation (April), Hungary unemployment (March).

-EARNINGS: LinkedIn Corp., Pandora Media Inc., Groupon Inc., Gilead Sciences, Inc., Amgen Inc., Expedia Inc., Colgate-Palmolive Co., Dunkin’ Brands Group Inc., Amazon.com Inc., Charter Communications Inc., Viacom Inc., United Parcel Service Inc., Raytheon Company, Sirius XM Holdings Inc., Altria Group Inc., Ford Motor Company, AbbVie Inc., Celgene Corporation, Thermo Fisher Scientific, Inc., NextEra Energy, Inc., Bristol-Myers Squibb Company, ConocoPhillips, Time Warner Cable Inc., Dow Chemical Company, MasterCard Inc., Aetna Inc., Automatic Data Processing, Inc., CME Group Inc., America Movil SAB de CV, Fomento Economico Mexicano, SAB de CV (FEMSA), BCE Inc., Sony Corp., Samsung Electronics Co., Japan Airlines Co., NTT Docomo Inc., Daiwa Securities Group Inc., Agricultural Bank of China Ltd., Industrial & Commercial Bank of China Ltd., China Petroleum & Chemical Corp., Bank of Communications Co., United Overseas Bank Ltd., Airbus Group SE, DNB ASA, Electrolux AB, Abertis Abertis Infraestructuras SA, Vinci SA, Banco Bilbao Vizcaya Argentaria SA, Argentaria SA, Lloyds Banking Group Plc, Deutsche Bank AG, Volkswagen AG, March & McLennan Cos Inc.

-ENERGY/COMMODITIES: Bloomberg survey of analysts’ expectations on U.S. natural gas prices (weekly), U.S. natural gas inventory report (weekly).

-NFL Draft. The Tennessee Titans, the team with the worst record in the National Football League last season, traded their top pick rights in the draft to the Los Angeles Rams. Through April 30 in Chicago.

Friday, April 29

-The Delegation of the European Union to the United States holds the 5th Annual Symposium on the EU’s Common Security and Defense Policy. Jeanine Hennis-Plasschaert, minister of defense for the Netherlands, delivers the keynote address. 08:30 EDT in Washington.

-The Swiss National Bank holds its annual shareholder meeting, featuring a speech by President Thomas Jordan. While SNB shareholders have no say in monetary policy, the forum is a gauge of how the central bank’s actions are viewed by the general public. Starts at 10:00 CET (04:00 EDT) in Bern.

-U.S. Federal Reserve Bank of Dallas President Robert Kaplan delivers a speech to the Official Monetary and Financial Institutions Forum in London. 11:30 local time (06:30 EDT).

-CENTRAL BANKS: Colombia rate decision, Russia rate decision.

-ECONOMY: U.S. employment cost index (1Q), U.S. personal income/spending (March), U.S. ISM Milwaukee manufacturing (April), U.S. Chicago purchasing managers (April), U.S. Michigan consumer sentiment (April final), Canada GDP (Feb.), Mexico GDP (first quarter), Brazil primary budget balance (March), South Korean business confidence survey (May), South Korean industrial production (March), Turkey trade balance (March), South Africa money supply and private credit (March), South Africa trade balance (March), Kenya CPI (April), Kenya GDP as soon as April 29 (4Q), euro-area unemployment rate (March), euro-area inflation (April), euro-area GDP (1Q), Italy unemployment (March), Italy inflation (April), France GDP (1Q), France inflation (April), Russia PMI (April), Lithuania GDP (1Q), Latvia GDP (1Q), Poland CPI (April).

-EARNINGS: American Tower Corp., Legg Mason Inc., Phillips 66, Tyco International Plc, Newell Brands Inc., Chevron Corp., Exxon Mobil Corp., Eaton Corp. Plc, Imperial Oil Ltd., TransCanada Corp., Bombardier Inc., Oversea-Chinese Banking Corp., China Construction Bank Corp., ICICI Bank Ltd., BASF SE, Swiss Re AG, Danske Bank A/S, Royal KPN NV, Eni SpA, Telefonica SA, AstraZeneca Plc, Shire Plc, Luxottica Group SpA, Iberdrola SA, Royal Bank of Scotland Group Plc.

-ENERGY: Baker Hughes U.S. oil-and-gas rig count (weekly), U.S. Commodity Futures Trading Commission Commitments of Traders report (weekly), U.S. Energy Information Administration releases its Petroleum Supply Monthly (monthly).

-SOVEREIGN RATING UPDATES: Botswana (S&P), France (DBRS), Kazakhstan (Fitch), Mozambique (Fitch), Portugal (DBRS), U.K. (S&P).

Saturday, April 30

-The White House Correspondents’ Association dinner is held in Washington. The president and the first lady traditionally attend. Confirmed celebrity attendees this year include: model Kendall Jenner; NBA basketball star John Wall; “House of Cards” actors Neve Campbell and Michael Kelly; Super Bowl Most Valuable Player Von Miller of the Denver Broncos. Travis Kalanick, co-founder and CEO of Uber and Brad Smith, president of Microsoft, will also attend. Comedy Central’s Larry Wilmore will host the evening.

-South Africa’s opposition Economic Freedom Fighters launch a manifesto for local government elections in Johannesburg. Timing to be determined.

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