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The festive fortnight: 20/12/21

We have a light data schedule over the festive period. Notable earnings come from Nike, Micron, General Mills, BlackBerry, Enerpac, CalAmp, Cintas, Paychex and CarMax, while on Wednesday 22nd the revised Q3 GDP figures for the UK and the US are released.

Monday 20 December

Dow component Nike reports quarterly earnings on Monday. The sportswear multinational recently entered the metaverse by acquiring RTFKT, the NFT studio that designs virtual trainers. Computer memory firm Micron is also due to issue results, while amongst the macroeconomic data we’ll see the CBI’s survey of UK industrial trends and the Conference Board’s leading economic index for the US.

Tuesday 21 December

On Tuesday look out for Germany’s GfK consumer climate, UK retail sales, the CBI’s distributive trades survey and the US current account for Q3. Earnings come from US food producer General Mills (which recently warned wholesalers of price rises to come in January 2022), handheld device manufacturer BlackBerry, industrial tools and services firm Enerpac and ‘internet of things’ provider CalAmp.

Wednesday 22 December

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   Cintas chart: 17/12/21

The ONS releases the final UK GDP for Q3 on Wednesday, along with business investment and the balance of payments. In the US we’ll get the final Q3 GDP, the Conference Board’s consumer confidence and the November existing home sales. US business services firm Cintas, HR services provider Paychex and used care retailer CarMax issue quarterly results.

Take your own view on UK, US and European equities.

Thursday 23 December

We have a wide range of macroeconomic data in the US on Thursday, including durable goods orders, the PCE price index, personal income and spending, the University of Michigan current conditions and consumer expectations, and November new home sales. Late in the evening the Japanese CPI for November is released.

Track global economies with our stock index contracts.

Friday 24 December

FX will be one of the only markets open on Friday as many global exchanges wind down for Christmas.

Trade major, minor and exotic FX pairs with Intertrader.

Monday 27 December

While many exchanges remain closed on the 27th we can look to Asia for new data. Late on Sunday Japanese retail sales figures for November are released, while on Monday we’ll get Chinese industrial profit and, late in the evening, Japanese industrial production, unemployment and the jobs/applications ratio.

Tuesday 28 December

The LSE remains closed on the 28th, while in the US we’ll focus on the housing market, as the S&P/Case-Shiller and FHFA house price indices are released. Also look out for the Richmond surveys of US manufacturing and service sector activity.

Buy or sell oil, metals and other popular commodities.

Wednesday 29 December

In the US on the 29th, keep an eye out for the November goods trade balance and the latest retail inventories. We’ll also see the US pending home sales for November: in October sales beat expectations with a 7.5% month-on-month rise.

Thursday 30 December

While data is thin on the ground as the year winds down, the Chicago PMI will give us an update on manufacturing conditions in the Chicago area. Last time out their ‘business barometer’ fell to 61.8, its lowest level since February 2021.

Friday 31 December

Many global exchanges are closed or closing early on New Year’s Eve. We will however see the latest Chinese manufacturing and non-manufacturing PMI data at 1am (UK time).

Check out our restricted trading hours for the whole festive season.

Published: 20 December 2021

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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