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The week ahead: 21/11/22

It’s a mixed week for data with flash manufacturing and services PMI updates due for Australia, France, Germany, the eurozone, the UK, the US and Japan, plus the latest eurozone current account, German GDP and the GfK consumer climate index. We expect earnings from Agilent, Compass, Medtronic, Analog Devices, HP Inc, Deere & Co, Kingfisher and PayPoint.

Monday 21 November

Healthcare equipment firm Agilent reports to the market on Monday, after last week raising its quarterly cash dividend by 7% to 22.5 cents per share. Figures are also due from UK food service group Compass, professional services firm Jacobs, food brand owner JM Smucker and lifestyle retailer Urban Outfitters. In Germany the October PPI data is released.

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Tuesday 22 November

A busy day for earnings includes medical device company Medtronic, semiconductor manufacturer Analog Devices, cloud computing firm VMware, discount store Dollar Tree, PC and printer firm HP Inc, building materials group CRH, US fast-food chain Jack in the Box, German property company TAG Immobilien, renewable energy firm Canadian Solar and US retailers Best Buy, Dick’s Sporting Goods, Nordstrom, American Eagle and Abercrombie & Fitch. We’ll also get the latest eurozone consumer confidence and current account (the trading bloc’s trade deficit with the rest of the world standing at a record €50.9 billion in August) and, late at night, the Australian flash manufacturing and services PMI for November.

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Wednesday 23 November

Deere & Co chart: 18/11/22
   Deere & Co chart: 18/11/22 (click to expand image)

We’ve got more PMI data on Wednesday, with flash manufacturing and services PMI updates for France, Germany, the eurozone, the UK and the US. In the US look out for the latest durable goods orders and new home sales, plus the University of Michigan’s consumer sentiment index. Agricultural machinery firm Deere & Co reports to the market, along with UK water company United Utilities, chemicals company Johnson Matthey, investment company HICL Infrastructure, industrial flow equipment manufacturer Rotork, retail groups Pets at Home and Halfords, and banknote producer De La Rue.

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Thursday 24 November

While the US celebrates Thanksgiving on Thursday, keep an eye out for the German Ifo business climate index and, in the UK, the CBI’s industrial trends orders report. In Japan we’ve got the flash manufacturing and services PMI early in the day and the Tokyo CPI late at night. Earnings are scheduled from home improvement retail group Kingfisher and payment system provider PayPoint, set to acquire Appreciate Group to enter the consumer and corporate gift market.

Friday 25 November

It’s a quiet end to the week as Black Friday marks the start of the Christmas shopping season in the US. Meanwhile in Germany we’ll see the revised GDP for Q3 and the latest GfK consumer climate. Last time out the index anticipated a modest rise in German consumer sentiment.

Published: 21 November 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.

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