The week ahead: 28/02/22
This week we’ll see a varied set of earnings, including Workday, HP, Salesforce, Target, Ross, Kohl’s, Nordstrom, Bayer, Baidu, Lufthansa, Kroger, Broadcom, Costco, Best Buy and UK housebuilders Persimmon and Taylor Wimpey. Eurozone inflation will be in the news with CPI figures due on Wednesday, while we close the week with the crucial US nonfarm payrolls data.
Monday 28 February
Overnight the Japanese industrial production and retail sales figures were released, along with Australian retail sales. Later on Monday we’ll see the US goods trade balance, retail inventories and the Chicago PMI. Earnings come from enterprise software firm Workday, computer hardware provider HP, natural gas utility Oneok, wireless infrastructure operator SBA Communications, pharma firms Viatris and Acadia, real estate manager JLL, dental technology manufacturer Dentsply Sirona, TV and digital media firm Tegna and fabless semiconductor designer Ambarella.
Tuesday 1 March
Dow component Salesforce posts earnings on Tuesday, after recently upsetting employees with plans to enter the NFT market. A busy schedule includes US retail chains Target, Ross, Kohl’s and Nordstrom, German pharma firm Bayer, Chinese search engine Baidu, car parts retailer AutoZone, food processing company Hormel, German consumer goods firm Beiersdorf, enterprise IT provider HPE, food producer Smucker, cinema chain AMC, UK builder’s merchant Travis Perkins, hedge fund group Man and retail group URBN. Also watch out for German retail sales and CPI, and Chinese, French, German, eurozone, UK and US manufacturing PMI.
Wednesday 2 March
Discount store Dollar Tree reports to the market on Wednesday, along with software company Splunk, UK housebuilder Persimmon, insurance providers Aviva and Hiscox, Scottish engineering group Weir, US clothing and lifestyle retailers American Eagle and Abercrombie & Fitch and UK estate agent Foxtons. Among the macroeconomic data we’ve got Australian Q4 GDP, German unemployment and the latest eurozone CPI. Pressure is on the ECB as eurozone inflation hit a record 5.1% in January (revised to 5.3%).
Thursday 3 March
German airline Lufthansa releases its annual report on Thursday, after last week’s reports that it might launch a new airline in response to pilots’ pay demands. Other earnings are due from US supermarket Kroger, semiconductor firm Broadcom, warehouse retailer Costco, consumer electronics retailer Best Buy, UK manufacturing company Melrose, business services group Rentokil Initial, UK housebuilder Taylor Wimpey, food industry services group GEA, aerospace component manufacturer Meggitt, clothing retailer Gap, TV network ITV and speciality chemicals provider Elementis. Also look out for Japanese, Chinese, French, German, eurozone, UK and US services PMI data, eurozone unemployment and US factory orders.
Friday 4 March
Friday’s highlight is the US nonfarm payrolls release. January’s report showed a better-than-expected rise of 467,000 jobs. Keep an eye out too for the German trade balance, UK construction PMI and eurozone retail sales. UK property development and investment firm Hammerson is also due to post full-year results.
Published: 28 February 2022
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