The week ahead: 09/08/21
After new data on US jobs and the UK high street on Monday and Tuesday, notable earnings include eBay on Wednesday and Disney on Thursday. Also on Thursday we’ll get our first sight at UK GDP for the second quarter of 2021.
Monday 9 August
The week kicks off with German import and export figures, which last month revealed a trade surplus of €12.6bn. Later in the US, the Job Openings and Labor Turnover Survey (JOLTS) will complement last week’s NFP to provide a broad view of the US labour market. Among the earnings we’ve got quarterly figures from industrial gas supplier Air Products and mining firm Barrick Gold.
Tuesday 10 August
The British Retail Consortium’s retail sales monitor will give a snapshot of the health of the UK high street. Also look out for the ZEW economic sentiment reports for Germany and the eurozone and, later in the day, US nonfarm productivity and unit labour costs for Q2. US food supplier Sysco announces quarterly results along with hotel group InterContinental.
Wednesday 11 August
Auction site eBay issues its second-quarter report on Wednesday. Last month fellow e-retailer Amazon posted Q2 revenue growth of 27%. Insurer Prudential and energy firm E.ON also release quarterly figures, while among the economic indicators we’ve got German and US CPI figures, at 07.00 and 13.30 respectively (UK time).
Thursday 12 August
At 7.00 we’ll get an important indication of the health of the UK economy with the first estimate of Q2 GDP. Last quarter’s revised figure showed a 1.6% decline quarter-on-quarter. Keep an eye out, too, for UK and eurozone industrial production, UK trade balance and US PPI data. Dow component Disney reports quarterly earnings on Thursday, and analysts will be interested in the performance of its streaming services. Other blue-chip companies providing updates to the market include Deutsche Telekom and Airbnb.
Friday 13 August
We finish the week with French CPI data, eurozone trade balance, the US import and export price indices and the Michigan consumer sentiment survey. Earnings include German food industry and engineering group GEA, which issues its half-yearly report.
Published: 9 August 2021
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