The week ahead: 22/11/21
It’s a relatively light week for earnings due to Thanksgiving Day in the US, but Agilent, Avaya, Medtronic, HP, Analog and Deere will all be releasing figures ahead of the holiday. We’ll also see flash manufacturing and services PMI for the UK, France, Germany, the eurozone and the US, plus revised Q3 GDP for the US and Germany.
Monday 22 November
We start the week with the CBI industrial trends survey of UK manufacturing orders, and the latest US existing home sales. Quarterly figures are expected from research tech provider Agilent (its revenues closely associated with spending in the healthcare industry), clothes and lifestyle retailer Urban Outfitters and cloud communications firm Avaya.
Tuesday 23 November
Tuesday’s earnings schedule includes medical device maker Medtronic, semiconductor company Analog, cloud computing firm VMware, foodservice contractor Compass, PC and printer firm HP, electronics retailer Best Buy, discount store Dollar Tree, engineering group Jacobs, consumer goods firm JM Smucker, department store Nordstrom, fast-food restaurant Jack in the Box and clothing retailers Gap, American Eagle and Abercrombie & Fitch. We’ll also see the flash manufacturing and services PMI data for France, Germany, the eurozone, the UK and the US.
Wednesday 24 November
In Germany on Wednesday we’ll get the latest Ifo business climate index, including the business expectations and current assessment sub-indices. Later in the US look out for the second estimate of Q3 GDP, plus durable goods orders, the University of Michigan consumer sentiment and new home sales. Companies reporting to the market include agricultural equipment manufacturer Deere (where last week workers agreed a deal to end their near six-week strike), UK water company United Utilities, speciality chemicals firm Johnson Matthey, infrastructure investor HICL, financial services brand Virgin Money and banknote printer De La Rue.
Thursday 25 November
While the US celebrates Thanksgiving Day, in Germany we’ll see the final GDP for the third quarter. In October the provisional data showed growth of 1.8% quarter-on-quarter. Late in the day the Tokyo CPI figures are released in Japan. Meanwhile, payment systems provider PayPoint issues half-year results.
Friday 26 November
Early on Friday, the Australian retail sales report for October is released. Analysts will be looking for further evidence of consumer activity after September’s 1.3% increase. Later in the morning keep an eye out for the eurozone M3 money supply, showing the amount of domestic currency in circulation and held in banks.
Published: 22 November 2021
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