The week ahead: 07/03/22
The UK housing market will be in the spotlight this week with the latest Halifax and RICS house price reports. We’ll also see inflation data for the US, Germany and China, plus the ECB’s decision on eurozone interest rates. Earnings come from German heavyweights Deutsche Post, Adidas and Continental, plus Ashtead, Fresnillo, Prudential, Legal & General, JD.com and Lanxess.
Monday 7 March
Early on Monday the latest Chinese trade balance figures were released, followed later in the morning by the Halifax index of UK house prices. Analysts will be looking for signs of a slowdown in the housing market after last month’s figures showed an annual rise of 9.7% in the average house price. Also look out for German factory orders and retail sales and, late in the evening, the Japanese current account.
Tuesday 8 March
Key data on Tuesday includes German industrial production, eurozone and Japanese GDP updates, and the US trade balance. Earnings are scheduled from industrial equipment rental group Ashtead, US retailer Dick’s Sporting Goods and silver producer Fresnillo, the precious metals mining group having recently revealed that its 2021 silver production was flat compared with 2020.
Wednesday 9 March
DAX components Deutsche Post, Adidas and Continental lead the earnings on Wednesday, with figures also due from UK insurance company Prudential, oil and gas exploration firm Tullow Oil, financial services group Legal & General, iconic soup brand Campbell’s, US fashion group Fossil and UK construction firm Kier. Macroeconomic data includes Chinese CPI, French Q4 nonfarm payrolls and the US JOLTs report on the labour market.
Thursday 10 March
The ECB will announce its decision on eurozone interest rates at 12.45pm on Thursday. Last time out the bank held rates unchanged despite record inflation in the eurozone. Other significant data includes the RICS report on UK house prices, US CPI and the federal budget balance, plus Japanese household spending. Also keep an eye out for figures from Chinese e-retailer JD.com, German reinsurance group Hannover Re, US beauty chain Ulta, UK infrastructure group Balfour Beatty, German chemical company K+S, UK telecoms firm Spirent, transport group National Express and German fashion house Hugo Boss.
Friday 11 March
UK industrial and manufacturing production figures for January are released at 7am on Friday, along with German CPI. In the US we’ll see the latest University of Michigan consumer sentiment index, giving an insight into current and future economic conditions. German specialty chemicals company Lanxess, which recently announced a new lithium production project with Standard Lithium, also reports to the market.
Published: 7 March 2022
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