Francis Campeau, equities broker at MF Global Canada, said it appears the recent run in North American equities may still have further to run next week.

"It seems that most of the bad news has been priced in," he said. "The technicals are also starting to turn positive, which could add some traction to the rally."

Bank earnings next week, which include Goldman Sachs, on Tuesday, JPMorgan on Thursday and Citigroup on Friday, will be the most closely watched. Markets are relatively optimistic ahead of the bank earnings following positive guidance from Wells Fargo on April 9.

"The financials have been the most beaten up in this down turn," said Campeau. "And positive earnings will drive markets higher."

Although equities will be the dominate theme next week, Eric Lascelles, chief economic and rates strategists from TD Securities, said he is not ready to write off the data next week.

Markets will receive U.S. CPI and retail sales next week, which could be potential market movers, he said. Looking at bond markets, he said there is definitely more room for bond yields to fall further.

Looking at technical factors, with the Fed continuing to purchase long-term bonds it appears that 10-year yields will be capped a 3%, Lascelles said, adding that it is a strong buy point for traders.

"So far our clients think that has been a successful trade and it appears to be working," he said.

All times in EDT:

Monday

10:30 CA BOC Senior Loan Officer Survey Q1

10:30 CA Business Outlook Future Sales Q1 Prior: -34

11:00 US Treasury to Buy Back Notes

13:00 US Treasury to Sell 3-Month Bills

13:00 US Treasury to Sell 6-Month Bills

Tuesday

8:30 US Producer Price Index (M/M) March Exp: +0.0% Prior: +0.1%

8:30 US PPI Ex Food & Energy (M/M) March Exp: +0.1% Prior: +0.2%

8:30 US Producer Price Index (Y/Y) March Exp: -2.0% Prior: -1.3%

8:30 US PPI Ex Food & Energy (Y/Y) March Exp: +4.0% Prior: +4.0%

8:30 US Advance Retail Sales March Exp: +0.3% Prior: -0.1%

8:30 US Retail Sales ex-autos March Exp: +0.1% Prior: +0.7%

10:00 US Business Inventories February Exp: -1.1% Prior: -1.1%

10:30 US Fed's Evans Speaks on Risk Management for Banks in Chicago

11:00 US Treasury to Buy Back Notes

13:00 US Treasury to Sell 4-Week Bills

16:45 US Fed's Stern Speaks on Risk Management for Banks in Chicago

17:00 US ABC Consumer Confidence W/E April 12 Prior: -50

US DOE Short-Term Crude Outlook April Prior: +53

US DOE Short-Term Diesel Outlook April Prior: +2.51

US DOE Short-Term Ht Oil Outlook April Prior: +2.41

US DOE Short-Term NatGas Outlook April Prior: +11.59

US DOE Short-Term Mogas Outlook April Prior: +2.18

Wednesday

7:00 US MBA Mortgage Applications W/E April 9 Prior: +4.7%

8:30 CA New Motor Vehicle Sales (M/M) February Prior: +5.5%

8:30 US Consumer Price Index (M/M) March Exp: +0.2% Prior: +0.4%

8:30 US CPI Ex Food & Energy (M/M) March Exp: +0.1% Prior: +0.2%

8:30 US Consumer Price Index (Y/Y) March Exp: +0.0% Prior: +0.2%

8:30 US CPI Ex Food & Energy (Y/Y) March Exp: +1.7% Prior: +1.8%

8:30 US CPI Core Index SA March Prior: +217.67

8:30 US Consumer Price Index NSA March Prior: +212.193

8:30 US Empire Manufacturing April Exp: -35 Prior: -38.23

9:00 US Net Long-term TIC Flows February Prior: -$43.0B

9:00 US Total Net TIC Flows February Prior: -$148.9B

9:15 US Industrial Production March Exp: -0.9% Prior: -1.4% Revised: -1.5%

9:15 US Capacity Utilization March Exp: +69.7% Prior: +70.9% Revised: 70.2%

10:30 US DOE U.S. Crude Oil Inventories W/E April 10 Prior: +1645K

10:30 US DOE U.S. Gasoline Inventories W/E April 10 Prior: +656K

10:30 US DOE U.S. Distillate Inventory W/E April 10 Prior: -3354K

10:30 US DOE U.S. Refinery Utilization W/E April 10 Prior: +0.11%

13:00 US NAHB Housing Market Index April Exp: +10 Prior: +9

Thursday

8:30 CA Manufacturing Shipments (M/M) February Prior: -5.4%

8:30 US Housing Starts March Exp: +550K Prior: +583K

8:30 US Building Permits March Exp: +550K Prior: +547K Revised: 564K

8:30 US Initial Jobless Claims W/E April 11 Exp: +665K Prior: +654K

8:30 US Continuing Claims W/E April 4 Prior: +5840K

10:00 US Philadelphia Fed. April Exp: -32 Prior: -35

10:30 US EIA Natural Gas Storage Change W/E April 10

11:00 US Treasury to Buy Back TIPS

13:00 US Lockhart to Speak on Financial Crisis at New York Conference

20:00 US Fed's Yellen Speaks on Economic Crisis in New York City

Friday

7:00 CA Consumer Price Index (M/M) March Prior: +0.7%

7:00 CA Consumer Price Index (Y/Y) March Prior: +1.4%

7:00 CA Bank Canada CPI Core (M/M) March Prior: +0.5%

7:00 CA Bank Canada CPI Core (Y/Y) March Prior: +1.9%

Expected first-quarter corporate earnings for the week of April 13-17

Monday:

No Major corporate earnings expected to be released

Tuesday:

Goldman Sachs (GS) Exp: N/A

Intel Corporation (INTC) Exp: +0.02

Johnson & Johnson (JNJ) Exp: +1.22

Wednesay:

Piper Jaffray (PJC) Exp: -0.17

Thursday:

Briggs & Stratton Corporation (BGG) Exp: +0.64

Google (GOOG) Exp: +4.95

Harley-Davidson (HOG) Exp: +0.51

JPMorgan Chase & Co. (JPM) Exp: +0.31

Nokia (NOK) Exp: +0.15

Southwest Airlines (LUV) Exp: +0.03

Friday:

Citigroup Inc. (C) Exp: -0.36

Mattel (MAT) Exp: Exp: -0.13

General Electric (GE) Exp: +0.21

By Neils Christensen, This email address is being protected from spam bots, you need Javascript enabled to view it , edited by Megan Ainscow, This email address is being protected from spam bots, you need Javascript enabled to view it

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