12/02/2024
While the Chinese New Year celebrations continue throughout the week, we’ll see the latest US federal budget balance today, followed by tomorrow’s Australian NAB business confidence, UK labour market data including average earnings and employment, German and eurozone ZEW economic sentiment and OPEC’s monthly oil production report.
Inflation updates are due with CPI figures for the US on Tuesday, the UK (last time up 4.0% year-on-year) on Wednesday and France on Friday. We’ve also got GDP data for the eurozone and Japan on Wednesday and the UK on Thursday, plus industrial production for the eurozone on Wednesday and Japan, the UK and the US on Thursday.
Other key figures include the latest trade balance for the UK and the eurozone on Thursday; retail sales for the US on Thursday and the UK on Friday; US import and export price indices and the NY Empire State and Philadelphia Fed manufacturing indices on Thursday; and US housing starts and building permits along with the preliminary University of Michigan consumer sentiment survey on Friday.
Drinks giant Coca-Cola leads the earnings on Tuesday, while we’ll also have updates from Arista Networks, Cadence, Avis Budget Group, Vornado, Teradata on Monday; Shopify, Airbnb, Zoetis, Moody’s, Marriott International, Ecolab, Waste Connections, AIG, Restaurant Brands International, Biogen, Akamai, MGM Resorts International and AutoNation on Tuesday; and Cisco, Equinix, Manulife, Occidental, Barrick Gold, Global Payments, Rollins, Ventas, CF Industries, United Utilities, Lithia Motors, Royal Gold, Generac, ThyssenKrupp, Tripadvisor, Dunelm and Bilfinger on Thursday.
DAX 40 components Airbus and Commerzbank report to the market on Thursday, along with Applied Materials, Deere & Co, Safran, Relx, Southern, Agnico Eagle, Coinbase, CBRE, Targa, EPAM Systems, Liberty Global, PBF Energy and Wendy’s. We finish with updates from Eni, Vulcan Materials, NatWest and Portland General Electric on Friday.
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