The week ahead: 07/02/22
The pharmaceutical industry is in the news this week with figures from Amgen, Pfizer, GlaxoSmithKline and AstraZeneca. Other notable releases include BP, Disney, Coca-Cola and PepsiCo, while we’ll also be looking to French, US, German and UK trade balance figures throughout the week, US inflation data on Thursday and UK GDP on Friday.
Monday 7 February
Dow component Amgen reports earnings on Monday. The biopharma multinational last week announced a collaboration with Plexium to develop protein degradation therapies. Figures are also due from US shopping mall owner Simon, food company Tyson, financial services group Principal, video game company Take-Two, conglomerate Loews, software company Nuance, toy maker Hasbro, engineering firm Aecom, German retail group Ceconomy and healthcare services company Tenet. Also look out for Australian retail sales, Chinese services PMI, the Halifax survey of UK house prices, German industrial production, and Japanese household spending and current account.
Tuesday 8 February
Drug firm Pfizer posts quarterly earnings on Tuesday, after last week asking the FDA to approve its Covid vaccine for US children under five. Other notable figures come from oil major BP, financial tech multinational Fiserv, investment company KKR, healthcare firm Centene, restaurant chain Chipotle, food service supplier Sysco, research firm Gartner, healthcare real estate investor Healthpeak, German biotech provider Qiagen, UK software firm Micro Focus and online supermarket Ocado. We’ll also see trade balance data for France and the US.
Wednesday 9 February
Media heavyweight Disney reports on Wednesday, along with pharma firm GlaxoSmithKline, healthcare group CVS, rideshare platform Uber, Canadian insurer Manulife, telecoms equipment provider Motorola, fast-food brand operator Yum!, DAX component Deutsche Börse, hospitality and entertainment company MGM, UK housebuilder Barratt and home furnishings retailer Dunelm. A light schedule of macroeconomic data includes German trade balance figures.
Thursday 10 February
Drinks giants Coca-Cola and PepsiCo go head-to-head with earnings on Thursday. Reports are also expected from pharma firm AstraZeneca, DAX component Linde, tobacco company PMI, consumer goods group Unilever, electricity generator Duke Energy, social network Twitter, steel group ArcelorMittal and payment processor Global Payments. We’ll get more information on the UK housing market with the RICS survey. The OPEC monthly report on the world oil market will be watched closely, while we’ll also see the latest US CPI data (after December’s figures showed the largest annual rise in inflation in nearly 40 years) and the Federal budget balance.
Friday 11 February
We end the week with UK business investment data, plus industrial and manufacturing production, the latest trade balance and the first estimate of UK Q4 GDP. The Bank of England last week reduced its GDP growth forecast from 5% to 3.75% due to the impact of inflation in the UK. Other data includes German CPI and the University of Michigan consumer sentiment survey, while earnings reports come from multinational pipeline Enbridge, US energy supplier Dominion and Canadian auto parts manufacturer Magna.
Published: 7 February 2022
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