The week ahead: 19/12/22
As the year winds down, we have earnings this week from Nike, BlackBerry, General Mills, FedEx, Enerpac, CalAmp, Micron, Cintas, Paychex and CarMax. Among the macroeconomic data keep an eye out for the CBI’s UK industrial trends survey, German PPI and the GfK consumer sentiment survey, US final Q3 GDP and Japanese CPI.
Monday 19 December
We start the week with the German Ifo business climate index, measuring current and expected economic conditions, followed by eurozone Q3 wages. At 11am (UK time) the CBI releases its UK industrial trends survey for December. Last time out the manufacturing output balance rose to 18%, while order books were below normal.
Our economic calendar keeps you abreast of all the week’s key data.
Tuesday 20 December
Canadian software firm BlackBerry, once a smartphone pioneer but now focused on cybersecurity, posts quarterly earnings on Tuesday. Figures are also due from sportswear giant Nike, consumer foods firm General Mills, delivery company FedEx, industrial tools group Enerpac and ‘internet of things’ provider CalAmp. The Bank of Japan makes its latest monetary policy decision while we’ll also see German PPI data and US building permits and housing starts.
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Wednesday 21 December
In Germany the GfK consumer sentiment survey is published. Last month’s reading, while still very low at -40.2, marked a small improvement over the previous month’s -41.9. Meanwhile in the US the Q3 current account is released, along with November existing home sales and the Conference Board’s December consumer confidence. Computer memory firm Micron and business services provider Cintas report to the market.
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Thursday 22 December
Thursday’s potential highlight is the final US GDP for the third quarter. Also look out for the UK Q3 current account, and the Japanese CPI reading for November. Earnings are scheduled from US payroll services provider Paychex and used vehicle retailer CarMax, as rival Carvana’s cash-flow crisis casts doubt on the online car-buying model.
Friday 23 December
The last Friday before Christmas means an early close in the UK. In Australia the November private sector credit is published, while in the US we’ll see the latest durable goods orders, PCE price index, personal income and spending and new home sales, plus the University of Michigan’s consumer sentiment survey.
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Published: 19 December 2022
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.