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U.S. Day Ahead: April sales will see Easter hangover

Wednesday, May 02, 2012 - 01:58

May 2 - Expect overall sales, excluding drug stores, to rise by only 3.0% in April. That is significantly below the levels from a year ago, according to Thomson Reuters Retail Analyst Jharonne Martis.

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If you're counting on consumers to prop up the economy you might have to think again with the release of same store sales. Expect overall sales excluding drugstores to rise by only 3% in April. Significantly below the levels from a year ago. Thomson Reuters retail analyst your own -- says retail seeing an Easter hangover. East. Is now gone and shoppers are no longer buying candy and you including. The cooler weather also discourage them from hitting the shots during the month of April. However the month of may Def looks stronger as consumers receive their income tax refunds and go shopping for my distinct. If you positioning yourself ahead of the jobs report on Friday. There's some key -- at crunch on the radar initial jobless claims and the ISM non manufacturing or services index. -- farce as I said I'm sure it's slipped slightly but still show growth. To blame cooler weather and a slowdown in retail. Thursday is the busiest day for earnings this week before the open we'll hear from Sara Lee and Viacom. After the close its deterrent AIG First Solar craft and Linkedin AIG is a star might stand out. One top analysts as a former insurance giant has a high chance of beating earnings by 71 cents things improving portfolios and share buybacks. We'll -- appetite for private equity IPOs when Carlyle begins trading after the open sources have told Reuters the company has already lowered its price range. As it proves to be a tough sell. Investors often complained in the balance sheets of PE firms are too hard to value and their earnings can rely excessively on carried interest. The battle between doves and -- moves to the beach when fed officials speak at conferences Santa Barbara California. Expect John Williams and Dennis Lockhart to argue the economy needs to heat up with more stimulus. Charles Plosser though is likely to suggest it's time to put on -- sunblock and raise interest rates soon. I'm Fred Katayama and this is wrong.

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U.S. Day Ahead: April sales will see Easter hangover

Wednesday, May 02, 2012 - 01:58