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The week ahead: 24/10/22

Heavyweights Alphabet, Microsoft, Apple, Meta and Amazon report this week, along with oil giants Shell, Exxon Mobil and Chevron, UK banks HSBC, Lloyds and NatWest, and Dow components Visa, Coca-Cola, 3M, Merck, McDonald’s, Honeywell, Intel and Caterpillar. Keep an eye out too for Australian, Japanese and German CPI data, US, French and German GDP plus monetary policy decisions in the eurozone and Japan.

Monday 24 October

Throughout the day we’ve got flash manufacturing and services PMI data for Australia (late Sunday evening), Japan, France, Germany, the UK and the US. Confusion surrounds the Chinese data release schedule after last week’s indefinite postponement of GDP figures for the third quarter, while earnings are due from software company Cadence, US credit card firm Discover and natural gas producer Range Resources.

Trade energies, metals and other commodities with Intertrader.

Tuesday 25 October

Google owner Alphabet reports to the market on Tuesday after CEO Sundar Pichai last month suggested he would make staffing cuts to improve efficiency by 20%. We’ve also got updates from Dow components Microsoft, Visa, Coca-Cola and 3M, shipping firm UPS, semiconductor manufacturer Texas Instruments, aerospace and defence contractor Raytheon, German enterprise software firm SAP, UK multinational bank HSBC, US conglomerate General Electric, automaker General Motors, food processing firm ADM and petrol refiner Valero Energy. The German Ifo business climate index is released along with, in the US, the Conference Board’s consumer confidence.

Wednesday 26 October

Meta chart: 21/10/22
   Meta chart: 21/10/22 (click to open image)

Facebook parent Meta posts earnings on Wednesday, along with lab tech firm Thermo Fisher Scientific, aircraft manufacturer Boeing, HR software provider ADP, pharma firm Bristol-Myers Squibb, aerospace and defence contractor General Dynamics, carmakers Mercedes-Benz and Ford, UK bank Barclays, consumer goods company Reckitt, DAX component Deutsche Bank and financial services firm Standard Chartered. Also look out for Australian CPI data and the US goods trade balance, retail inventories ex auto and new home sales.

Take your own view on UK, US and German equities.

Thursday 27 October

Tech giant Apple leads the earnings on Thursday, amid rumours it has long-term plans to offer health insurance. We’ll also see figures from e-commerce firm Amazon, Dow components Merck, McDonald’s, Honeywell, Intel and Caterpillar, oil supermajor Shell, payments processor Mastercard, German chemicals firm Linde, US telecoms conglomerate Comcast, biopharma firm Gilead, tobacco group Altria, aerospace and defence contractor Northrop Grumman, US gas and electric utility Southern, UK bank Lloyds and mining multinational Anglo American. The ECB makes its decision on eurozone interest rates while the data releases include German GfK consumer climate and, in the US, durable goods orders and the first reading of Q3 GDP.

Go long or short of a wide range of global stock indices.

Friday 28 October

In Japan on Friday we’ll get the latest jobs/applications ratio, Tokyo CPI (as the national inflation rate last week hit an eight-year high of 3.0%) and the Bank of Japan’s rate decision. Other data includes French consumer spending, French and German GDP, German CPI, US personal income and spending and pending home sales. Earnings are scheduled from oil supermajors Exxon Mobil and Chevron, biopharma firm AbbVie, Norwegian energy firm Equinor, German carmaker Volkswagen, French pharma firm Sanofi, consumer goods multinational Colgate-Palmolive and UK banking group NatWest.

Published: 24 October 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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