The week ahead: 27/02/23
Dow component Salesforce reports earnings this week along with pharma firms BioMarin, Viatris, Acadia, Perrigo and Bayer, semiconductor maker Broadcom, and US retailers Target, Lowe’s, Kohl’s, Abercrombie & Fitch, Kroger, Macy’s and Nordstrom. Keep an eye out too for US pending home sales and durable goods orders; French, eurozone and Tokyo CPI inflation; and retail sales data for Japan, Australia and Germany.
Monday 27 February
We start the week with earnings from petrol companies Occidental and Ovintiv, enterprise software firm Workday, natural gas utility Oneok, pharma firms BioMarin, Viatris, Acadia and Perrigo, energy company AES, natural gas producer Range Resources and media company Tegna. In the US we’ll see the January pending home sales and durable goods orders, a key measure of demand in manufacturing and business investment, while later in Japan the latest industrial production and retail sales updates are released.
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Tuesday 28 February
After Australian current account and retail sales data early on Tuesday, we’ll get French consumer spending, CPI and GDP figures and, in the US, the Chicago PMI and the Conference Board’s consumer confidence. US retailer Target reports to the market, along with German pharma firm Bayer, energy supplier Sempra, car parts retailers AutoZone and Advance Auto Parts, healthcare tech firm Agilent, computer hardware provider HP, online supermarket Ocado, drinks firm Monster, investment management group Man, data analytics firm Verisk, food company JM Smucker, US restaurant chain Cracker Barrel, commercial real estate services firm JLL and UK engineer Rotork.
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Wednesday 1 March
CRM company Salesforce posts earnings on Wednesday, after coming under pressure recently from activist investors. The schedule also includes US retailers Lowe’s, Kohl’s and Abercrombie & Fitch, Brazilian petrol firm Petrobras, UK consumer goods company Reckitt, discount store Dollar Tree, DAX component Beiersdorf, electric car firm Nio, software company Splunk, fast-food chain Wendy’s and UK housebuilder Persimmon. We’ll have manufacturing PMI data for Japan, China, France, Germany, the eurozone, the US and the UK, plus the Chinese NBS manufacturing and non-manufacturing PMI, German retail sales, the US ISM non-manufacturing PMI and Japanese capital spending.
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Thursday 2 March
Semiconductor producer Broadcom is still reportedly on track to acquire cloud computing firm VMware, with both companies scheduled to report on Thursday. Figures are also due from brewing group Anheuser-Busch InBev, warehouse retailer Costco, building materials group CRH, US department stores Kroger, Macy’s and Nordstrom, food processing firm Hormel, electronics retailer Best Buy, aircraft leasing company AerCap, UK housebuilder Taylor Wimpey, manufacturing firm Melrose, specialist insurance group Beazley, semiconductor producer Marvell, commercial TV network ITV, US amusement park operator Six Flags, furniture retailer Big Lots, UK public transport firm National Express and oil and gas industry supplier Hunting. In the eurozone watch out for the latest CPI and unemployment numbers, while in Japan we’ll see the jobs/application ratio and the Tokyo CPI.
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Friday 3 March
Services PMI data will be released throughout Friday for Japan, China, France, Germany, the eurozone, the UK and the US, along with the ISM’s non-manufacturing PMI for the US. In Germany analysts will be hoping for a healthy January trade balance, after the country’s trade surplus fell to €79.7 billion across 2022, its lowest level since 2000. German flag carrier Lufthansa also posts full-year results.
Published: 27 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.