The week ahead: 29/11/21
While global manufacturing and services PMI data will be closely scrutinised this week, the US nonfarm payrolls release steals attention on Friday. The earnings schedule includes Salesforce, Ambarella, easyJet, Synopsys, Splunk, Semtech and Marvell, plus retailers PVH, Dollar General, Kroger, Ulta, Signet and Big Lots.
Monday 29 November
Late on Sunday night the Japanese retail sales figures for October were released, while at 1pm (UK time) we’ll see the provisional German CPI for November. In October German consumer prices rose 0.5% month-on-month, with an annual inflation rate of 4.5%. Later in the afternoon look out for US pending home sales. Just before midnight Japanese industrial production data is published.
Tuesday 30 November
CRM service Salesforce posts third-quarter earnings on Tuesday, along with semiconductor designer Ambarella. Full-year figures are also due from budget airline easyJet, which recently launched a recruitment drive for 1500 cabin crew anticipating a recovery in aviation, and convenience food manufacturer Greencore. Assorted macroeconomic data includes official Chinese manufacturing and non-manufacturing PMI, French consumer spending and Q3 GDP, German unemployment, eurozone CPI, the Chicago PMI and the Conference Board measure of US consumer confidence.
Wednesday 1 December
December begins with earnings from smart tech firm Synopsys, data platform Splunk, clothing brand owner PVH and semiconductor supplier Semtech. Markit will publish its revised manufacturing PMI figures for China, France, Germany, the eurozone, the UK and the US, and the ISM will also release its own US manufacturing PMI. Other data includes Australian GDP, the Nationwide report on UK house prices, German retail sales and the ADP report on US nonfarm employment.
Thursday 2 December
Overnight on Thursday the latest Australian trade balance will be released, followed later in the morning by the eurozone unemployment rate. Keep an eye out for earnings from data infrastructure tech firm Marvell, discount store Dollar General (currently expanding into healthcare services as US drug stores struggle), US supermarket Kroger, beauty chain Ulta and jewellery group Signet.
Friday 3 December
On Friday we’ll get an update on the service sector worldwide with the final services PMI data for Japan, China, France, Germany, the eurozone, the UK and the US (plus the ISM’s non-manufacturing PMI). All eyes will be on the latest US nonfarm payrolls and unemployment rate, due at 1.30pm (UK time). Last time out unemployment fell from 4.8% to 4.6% of the US labour market. Other highlights include eurozone retail sales, US factory orders and third-quarter earnings from discount retailer Big Lots.
Published: 29 November 2021
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