The week ahead: 24/04/23
A packed earnings schedule this week includes Coca-Cola, Microsoft, Visa, McDonald’s, 3M, Verizon, Alphabet, PepsiCo, UPS, Meta, Boeing, Beiersdorf, Amazon, Intel, Honeywell, Caterpillar, Mastercard, Comcast, Unilever, Mondelez, BASF, American Airlines, Sainsbury’s, Colgate-Palmolive, Barclays, NatWest, oil supermajors ExxonMobil, Chevron and Eni and pharma firms GSK, Eli Lilly, Merck, AbbVie, AstraZeneca and Sanofi. We’ll also see US new and pending home sales; US, Australian, French, German and eurozone GDP; Australian, French and German CPI; and the Bank of Japan’s monetary policy decision.
Monday 24 April
Drinks giant Coca-Cola posts earnings on Monday, along with software company Cadence, financial services group Ameriprise, packaging firms PCA and Crown, miner and steel producer Cleveland-Cliffs, home appliance manufacturer Whirlpool, natural gas producer Range Resources and drilling contractor Nabors. In Germany the Ifo business climate index for April is released, including current assessment and business expectations.
Follow the key market-moving events with our economic calendar.
Tuesday 25 April
In the US on Tuesday we’ll see the Conference Board’s consumer confidence and the latest new home sales (up 1.1% in February but down 19% year-on-year). A bumper set of earnings includes Dow components Microsoft, Visa, McDonald’s, 3M and Verizon, Google parent Alphabet, food and drink multinational PepsiCo, Swiss pharma firm Novartis, US conglomerate Danaher, delivery firm UPS, semiconductor maker Texas Instruments, energy firm NextEra, aerospace and defence contractor Raytheon, insurance provider Chubb, fintech firm Fiserv, electrical equipment manufacturer ABB, carmaker General Motors, miner Anglo American, food processing firm Associated British Foods and energy services company Petrofac.
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Wednesday 26 April
Facebook parent Meta reports to the market on Wednesday after last week starting to lay off 10,000 staff in a new round of job cuts. Figures are also due from aircraft maker Boeing, lab tech supplier Thermo Fisher Scientific, wireless infrastructure firm American Tower, mining company Glencore, consumer goods group Reckitt, HR software firm ADP, exchange operators CME and Deutsche Börse, UK pharma firm GSK, medical device maker Boston Scientific, waste management providers WM and Waste Connections, aerospace and defence contractor General Dynamics, DAX component Beiersdorf, online auction site eBay, financial services firm Standard Chartered, security products manufacturer Fortune Brands, UK housebuilder Persimmon and power generation group Drax. Also look out for the Australian CPI for Q1, GfK’s German consumer climate and US durable goods orders.
Thursday 27 April
Amazon leads the way on one of the busiest earnings days of the year. The e-commerce giant is planning to expand into office supplies while closing its US and UK physical stores. The schedule also includes pharma firms Eli Lilly, Merck, AbbVie, AstraZeneca, Bristol-Myers Squibb, Sanofi, Amgen and Gilead, Dow components Intel, Honeywell and Caterpillar, payment processing firm Mastercard, media conglomerate Comcast, consumer goods company Unilever, tobacco group Altria, food brand owner Mondelez, chemicals firm BASF, US carrier American Airlines, financial services firm Capital One, UK supermarket Sainsbury’s, investment bank Deutsche Bank, dental brand parent Church & Dwight, fuel manufacturer Valero, UK housebuilder Taylor Wimpey, aerospace and defence manufacturer Northrop Grumman and UK bank Barclays. Key macroeconomic data in the US includes the first estimate of Q1 GDP and March pending home sales.
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Friday 28 April
In Japan we end the week with the Tokyo CPI, industrial production, retail sales and the Bank of Japan’s monetary policy decision (with nearly 90% of economists polled by Reuters expecting no change). We’ll also have Q1 GDP data for Australia, France, Germany and the eurozone and the latest CPI for France and Germany, plus in the US the latest personal income and spending, Chicago PMI and University of Michigan consumer sentiment. More notable earnings come from oil supermajors ExxonMobil, Chevron and Eni, consumer goods firms Colgate-Palmolive and Newell Brands, UK banking group NatWest, chemicals firm LyondellBasell, investment bank Lazard and UK valve manufacturer Rotork.
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Published: 24 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.