President Trump will be meeting with Egyptian President Abdel Fatal al-Sisi today in the White House as the Trump administration resets relations with the Egyptian leader who was the former head of Armed Forces and cracked down on the Muslim Brotherhood and Islamist supporters in Egypt after former Egyptian President Morsi was deposed in 2013.
Al-Sisi dissolved the Muslim Brotherhood backed constitution of 2012 and was the first world leader to call President Trump after he became elected.
Former U.S. President Barack Obama never invited President al-Sisi to the White House for an official visit during his presidency.
On Thursday and Friday, President Donald Trump will meet with Chinese President Xi Jinping at his Mar-A-Lago resort in Palm Beach, Florida.
The Week Ahead
Investors will be watching for any developments in the upcoming meetings this week between Trump and leaders from China and Egypt while also pay close attention to the U.S. jobs report for March that is due on Friday.
Economists from briefing.com have a consensus estimate that the U.S. economy added 175,000 non-farm payroll jobs in March after 227,000 in February.
The U.S. unemployment level is expected to remain steady at 4.7 percent.
On Wednesday private payroll tracker ADP will report private payroll growth for March. Economists from briefing.com have a consensus estimate that the U.S. economy added 175,000 private sector payroll jobs in March after rising 298,000 in February.
Also on Wednesday the Fed minutes from the Federal Reserve’s March 15th FOMC policy meeting where Fed committee members voted to increase the target federal funds interest rate by 25 basis points for the 2nd time since December 2016 will come into focus.
Today Construction Spending for February and the ISM Index for March will be reported at 10:00 a.m. EST. Auto and Truck sales for March will be released later this afternoon.
On Tuesday Factory Orders and the Trade Balance for February will be released.
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