The week ahead: 06/02/23
BP and Walt Disney catch the eye on this week’s earnings schedule, while figures are also due from Linde, CVS, Deutsche Börse, AbbVie, AstraZeneca, PepsiCo, Unilever, Siemens and ArcelorMittal. The macroeconomic data includes eurozone retail sales, the Halifax UK house price index, German industrial production, Chinese and German CPI and UK GDP.
Monday 6 February
Video game companies Activision Blizzard and Take-Two Interactive report to the market on Monday, along with retail property group Simon, processed food company Tyson, insurance firm Cincinnati Financial, semiconductor maker Skyworks, US conglomerate Loews, infrastructure consulting firm Aecom and battery maker Energizer. We’ll also see German factory orders, construction PMI for Germany, France, the eurozone and the UK, eurozone retail sales (which improved by 0.8% month-on-month in December), and Japanese household spending.
Follow our economic calendar to keep up with the key market events.
Tuesday 7 February
Oil and gas supermajor BP posts quarterly figures on Tuesday, after rival Shell last week posted one of the largest profits in UK corporate history. Updates are also due from chemical company Linde, pharma firm Vertex, fintech provider Fiserv, investment company KKR, US restaurant chain Chipotle, managed healthcare company Centene, biotech firm Illumina, US media and marketing group Omnicom and cruise operator Royal Caribbean. In Australia we’ll see the latest trade balance and the RBA’s decision on interest rates. Also keep an eye out for the Halifax UK house price index, German industrial production, the US trade balance and Japan’s current account.
Go long or short on oil and other commodities with Intertrader.
Wednesday 8 February
Entertainment giant Walt Disney leads the earnings on Wednesday, as investment firm Trian seeks to oust board member Michael Froman. The schedule also includes healthcare group CVS, Norwegian energy company Equinor, derivatives exchange CME, rideshare platform Uber, power management company Eaton, DAX component Deutsche Börse, credit report firm Equifax, hospitality and entertainment group MGM Resorts, UK housebuilder Barratt Developments and investment management group Ashmore.
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Thursday 9 February
Another busy day for earnings on Thursday includes pharma firms AbbVie and AstraZeneca, food and drink company PepsiCo, tobacco company PMI, UK consumer goods firm Unilever, manufacturing conglomerate Siemens, steel producer ArcelorMittal, foodservice group Compass, hotel chain Hilton, online travel group Expedia and US healthcare firm Tenet. Late in the day the Japanese PPI data for January is released.
Take your own view on UK, US and European equities.
Friday 10 February
The week draws to a close with the first estimate of UK GDP for the fourth quarter, after the IMF last week predicted that the UK would be the only major economy to contract in 2023. Keep an eye out too for Chinese and German CPI data, the UK trade balance and, in the US, the University of Michigan consumer sentiment. Earnings are expected from Canadian auto parts manufacturer Magna and US consumer goods firm Newell Brands.
Published: 6 February 2023
You should under no circumstances consider the information and comments provided as an offer or solicitation to invest. This is a macro summary of scheduled news announcements and is not investment advice, independent research or an investment recommendation. The information provided is believed to be accurate at the date the information is produced.