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Thomson Reuters/ University of Michigan is scheduled to release final data for April consumer
confidence. A preliminary reading of consumer confidence earlier in April showed the index inch
up to 82.6, the most upbeat U.S. consumers had been in nine months. (1030/1430)
Ford is expected to post first-quarter earnings before the bell amid reports that its
much-praised CEO, Alan Mulally, 68, is preparing to leave the company to be replaced by COO Mark
Fields, 53. Investors will be looking for any update on the transition and also for a progress
report on the launch of the new F-150 pickup truck, a key profit-maker for the company. Ford has
been showing signs of recovery in Europe and market gains in China, but faces a deteriorating
market in South America, particularly in Venezuela. (0700/1100)
Drugmaker AbbVie is expected to report relatively flat first-quarter earnings, excluding special
items, as many of its top brands are hurt by competition from cheaper generics. The company and
its array of patent-protected prescription drugs were spun off by Abbott Laboratories early last
year. Investors will be on alert for more insights about five oral experimental treatments for
hepatitis C that could be approved later this year and eventually lessen AbbVie's dependence on
arthritis treatment Humira, the world's top-selling medicine.
Colgate-Palmolive is scheduled to report first-quarter results providing another data point by
which to gauge consumer sentiment in various countries. It has said it expected a one-time loss
of $180-$200 million in the current quarter after Venezuela devalued its currency.
Financial holding company State Street is expected to top analysts' average estimate when it
reports first-quarter results, according to StarMine data. Larger rival Bank of New York Mellon
Corp earlier this week posted a first-quarter profit that beat estimates as rising markets drove
up its assets under custody and administration. Analysts expect State Street to earn $1.00 per
Timber conglomerate Weyerhaeuser is expected to report a lower first-quarter profit before the
markets open. In its fourth-quarter report in January the company said it expected earnings from
cellulose fibers and single family home-building operations to take a hit.
Whirlpool, the world's largest maker of home appliances, is expected to report first-quarter
earnings. Demand in the United States is expected to continue to recover in 2014 after plunging
25 percent during the housing downturn and related recession. (0600/1000)
Autoliv, the world's largest maker of auto-safety products, is expected to report first-quarter
earnings. The main focus will be on its second-quarter and full-year guidance. An unexpectedly
strong upturn in global car production helped the firm last year and investors will look for
evidence this persisted into this year. Autoliv had earlier forecast more muted sales growth in
Auto-parts maker Lear Corp is likely to report first-quarter results before the bell. The
company is expected to do well as an increase in U.S. vehicle sales boosted demand for its car
seats and electrical power systems, despite slowing demand in South America. In March, U.S. auto
sales rose a better-than-expected 5.7 percent, raising expectations that April could be even
stronger, which should translate into a strong 2014 outlook for the company. Lear Corp should
also benefit from a stabilizing European economy.
Alaska Air Group is expected to report a higher first-quarter profit as it kept costs down and
grew passenger revenue. Alaska is one of the few carriers that pays a dividend and buys back
shares, but it faces competitive pressure in Seattle, one of its hub markets, as Delta Air Lines
bulks up there.
Auto-parts supplier Dana Holding is likely to benefit from higher U.S. truck sales when it posts
first-quarter results. The company has said it expects North American markets to be stable in
2014. Investors will look out for comments on the company's South American operations as
competitors have warned of a slowdown in that region.
Hospital operator Lifepoint Hospitals is expected to report first-quarter results before the
Mexico's central bank is expected to hold its main interest rate steady as easing inflation
pressures give policymakers room to leave borrowing costs low to support an economic recovery.
All 25 analysts surveyed expect the central bank to hold its main interest rate at a record low
of 3.50 percent on April 25.
(Compiled By Shashwat Sharma)