The week ahead: 10/01/22
The festive shopping season will be in the news this week as the BRC releases its retail sales monitor for December, while UK retailers Sainsbury’s, Tesco and Marks & Spencer all provide trading updates. Earnings also come from Delta and Südzucker, while on Friday we’ll see figures from JPMorgan Chase, Wells Fargo, BlackRock and Citigroup.
Monday 10 January
We start the week with Australian building approvals for November, released just after midnight. Later in the morning Eurostat issues its November unemployment rate for the eurozone. Last time out the jobless rate fell from 7.4% to 7.3%.
Tuesday 11 January
Early on Tuesday, the BRC UK retail sales monitor for December is released, followed shortly by Australian retail sales and trade balance figures. Later in the morning look out for the UK industrial and manufacturing production data and the November trade balance. In Japan the latest Reuters tankan index at 11pm (UK time) will provide an early indication of the Bank of Japan’s quarterly tankan, while at 11.50pm the November current account is released.
Wednesday 12 January
UK supermarket Sainsbury’s issues its Q3 trading statement on Wednesday, which should shed light on festive shopping habits and the impact of inflation. Results are also due from US housebuilder KB Home and financial services group Jefferies. Among the macroeconomic data, keep an eye out for the Chinese CPI and PPI, eurozone industrial production, US CPI and the Federal budget balance.
Thursday 13 January
Two more leading UK retailers, Tesco and Marks & Spencer, provide updates on Thursday, along with semiconductor firm TSMC, US airline Delta and German sugar producer Südzucker. We’ll also get an update on the UK housing market as the RICS house price balance is released. Last time out the survey of surveyors indicated that a lack of housing stock was driving prices higher. Thursday’s highlight in the US is the latest PPI data.
Friday 14 January
US banking and investing heavyweights JPMorgan Chase, Wells Fargo (whose Chief Risk Officer, Amanda Norton, is set to leave at the end of June), BlackRock and Citigroup all report to the market on Friday. It’s also a busy day for data, with the French CPI, UK Q3 labour productivity, eurozone trade balance, US retail sales, retail and business inventories, import and export price indices, industrial and manufacturing production, and the University of Michigan consumer sentiment index.
Published: 10 January 2022
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