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The week ahead: 21/03/22

UK inflation and retail sales data this week will give us the latest snapshot of the cost of living crisis. Meanwhile Wednesday’s UK budget will be scrutinised for measures to support families and protect businesses as prices rise. Notable earnings come from Nike, Adobe, Kingfisher, Cintas, General Mills, Nio, Darden and Next.

Monday 21 March

Sportswear brand Nike posts quarterly figures on Monday, after rival Adidas earlier this month discussed the potential impact of ceasing operations in Russia due to the war in Ukraine. We’ll also get earnings from German steel producer Salzgitter and photobooth operator Photo-Me International, while among the macroeconomic data look out for German PPI and the Chicago Fed national activity index.

Tuesday 22 March

Software multinational Adobe reports to the market on Tuesday, as it starts laying out its plans for the metaverse. Earnings also come from UK retail group Kingfisher, and keep an eye out too for the eurozone current account and the latest UK public sector finances.

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Wednesday 23 March

Wednesday is budget day in the UK, as chancellor Rishi Sunak grapples with the cost of living crisis. We’ll get an update on the extent of the crisis with the latest UK CPI and PPI inflation data, while in the afternoon we’ll see US new home sales. Earnings are also due from business services firm Cintas, food producer General Mills, housebuilder KB Home, motorhome manufacturer Winnebago Industries, industrial tools firm Enerpac, over-50s travel and financial services group Saga, UK funeral services firm Dignity and German cable manufacturer Leoni.

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Thursday 24 March

Thursday’s earnings schedule includes Chinese carmaker Nio, multi-brand restaurant operator Darden, UK retailer Next, private hospital group Rhön-Klinikum, graphite product manufacturer SGL Carbon and petrol exploration firm EnQuest. We’ll also see flash manufacturing and services PMI data for Japan, France, Germany, the eurozone, the UK and the US, plus the US current account and durable goods orders, and later in Japan the Tokyo CPI update.

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Friday 25 March

At 7am on Friday the February UK retail sales data is released. In January sales rebounded by 1.9% after a December slump, despite a backdrop of rising inflation. We’ll also see the German Ifo business climate report, plus US pending home sales and the University of Michigan consumer sentiment index, while a light earnings schedule includes German telecoms group Freenet.

Published: 21 March 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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