The week ahead: 17/04/23
More banking firms report this week including Charles Schwab, State Street, M&T, Bank of America, Goldman Sachs, BNY Mellon, Morgan Stanley and US Bancorp. We’ll also get figures from Netflix, Tesla, IBM, AT&T, American Express and Procter & Gamble, and mining firms Rio Tinto and Antofagasta. Watch out for UK labour market data on Tuesday, UK, eurozone and Japanese CPI throughout the week, and UK retail sales on Friday.
Monday 17 April
We start the week with updates from US banking firms Charles Schwab, State Street and M&T, and UK asset management group Ashmore. In the US the Empire State manufacturing index for April will be released at 1.30pm (UK time), providing an insight into current business conditions in New York.
Check our economic calendar for the key market-moving events.
Tuesday 18 April
China is due to release Q1 GDP and March industrial production data early on Tuesday, while later in the day we’ll have the UK labour market report including average earnings (after UK wage growth slowed to 5.7% in January) and the claimant count change, plus German and eurozone ZEW economic sentiment, eurozone trade balance and US building permits and housing starts. Varied US banking firms report to the market including Bank of America, Goldman Sachs, BNY Mellon and First Horizon, while we’ll also get updates from TV streamer Netflix, Swedish telecoms firm Ericsson, industrial real estate owner Prologis, advertising group Omnicom, US airline United and UK e-commerce retail group THG.
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Wednesday 19 April
Electric vehicle maker Tesla posts earnings on Wednesday, as it plans to expand in China with a new battery plant in Shanghai. Figures are also expected from banking firms Morgan Stanley and US Bancorp, Dow component IBM, mining multinationals Rio Tinto and Antofagasta, medical device firm Abbott, health insurance provider Elevance Health, energy infrastructure company Kinder Morgan, oilfield services firms Baker Hughes and Hunting, US metal producers Steel Dynamics and Alcoa, credit reporting agency Equifax and US car dealer Lithia. Also keep an eye out for Japanese industrial production figures and the March CPI data for the UK and the eurozone. In February the UK CPI inflation rate rose to 10.4%.
Take your own view on metals, energies and other commodities.
Thursday 20 April
Another busy earnings schedule on Thursday includes US telecoms giant AT&T, Dow component American Express, semiconductor maker TSMC, tobacco firm PMI, US railroads Union Pacific and CSX, investment management group Blackstone, insurance broker Marsh McLennan, banking firms Truist, Fifth Third and Huntington, steel producer Nucor, US housebuilder DR Horton, Finnish telecoms firm Nokia, US car retailer AutoNation, UK homeware retail group Dunelm, mining firm Hochschild and estate agent Foxtons. In Japan we’ll see the latest trade balance while in the US look out for the Philadelphia Fed manufacturing index and March existing home sales.
Go long or short on UK, US and European equities.
Friday 21 April
Consumer goods giant Procter & Gamble posts third-quarter earnings on Friday, after last week adding Sheila Bonini and Rob Portman to its board of directors. We’ll also have updates from German enterprise software firm SAP, oilfield services company SLB, US bank Regions and South African energy and chemical firm Sasol. As well as Japanese CPI and UK retail sales data, we’ll also have the flash manufacturing and services PMI updates for Australia (late on Thursday night), Japan, France, Germany, the eurozone, the UK and the US.
Published: 17 April 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.