The week ahead: 20/02/23
A mixed bag of earnings this week includes retailers Walmart and Home Depot; UK banks HSBC and Lloyds; mining firms Antofagasta, Rio Tinto, Pan American Silver and Anglo American; and DAX components Deutsche Telekom, Munich Re and BASF. Among the macroeconomic data look out for German, eurozone and Japanese CPI updates, US and German GDP revisions and US new and existing home sales.
Monday 20 February
While US markets are closed on Monday for Presidents’ Day, in Germany we’ll see the PPI data for January. Earnings are scheduled from US energy company Williams and crane manufacturer Manitowoc, and late in the day the flash Australian manufacturing and services PMI updates are released.
Our economic calendar covers all the main market-moving events.
Tuesday 21 February
US retailers Walmart and Home Depot report on Tuesday, along with UK bank HSBC, medical device company Medtronic, self-storage firm Public Storage, cybersecurity company Palo Alto Networks, commercial property investor Realty Income, wireless infrastructure firm SBA, hotels group InterContinental, brewing company Molson Coors, energy and chemicals producer Sasol and mining firm Antofagasta. More flash manufacturing and services PMI data is released for Japan, France, Germany, the eurozone, the UK and the US, along with the latest German ZEW economic sentiment. We’ll also get the US existing home sales for January, after December figures showed sales at their slowest pace since November 2010.
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Wednesday 22 February

UK banking group Lloyds posts full-year results on Wednesday, after rival Barclays last week fell below expectations with a full-year pre-tax profit of £7 billion. Updates are also due from mining multinational Rio Tinto, GPU producer Nvidia, retail group TJX, hydrocarbon explorer Pioneer Natural Resources, Chinese internet firm Baidu, online auction site eBay, self-storage company Extra Space Storage, US utility NiSource, fertiliser producer Mosaic, biotech firm United Therapeutics and mining company Pan American Silver. In Germany we’ll see the latest CPI inflation data, plus the Ifo business climate index.
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Thursday 23 February
Keep an eye out on Thursday for CPI data for the eurozone (annual inflation currently standing at 9.2%) and Japan, plus the second estimate of US GDP for the fourth quarter. A busy earnings schedule includes Chinese e-commerce group Alibaba, Italian oil supermajor Eni, financial software firm Intuit, DAX components Deutsche Telekom and Munich Re, wireless infrastructure operator American Tower, travel site Booking, drinks conglomerate Keurig Dr Pepper, design software firm Autodesk, mining company Anglo American, aerospace and defence contractors BAE Systems and Rolls-Royce, US utilities American Electric Power and Edison International, and government services group Serco.
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Friday 24 February
The world’s largest chemical producer, BASF, reports to the market on Friday. The DAX component has taken a €7.3 billion writedown by pulling its Wintershall Dea energy business out of Russia. In Germany watch out for the revised Q4 GDP and the latest GfK consumer climate, while in the US we’ve got personal income and spending data, new home sales and the University of Michigan consumer sentiment index.
Published: 20 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.