The week ahead: 11/04/22
Inflation will again be in the spotlight this week with CPI data due for China, Germany, the US, the UK and France. We’ll also discover the ECB’s latest decision on eurozone interest rates, while earnings come from CarMax, JPMorgan Chase, BlackRock, Delta, Fastenal, Tesco, Bed Bath & Beyond, Ericsson, Wells Fargo, Morgan Stanley, Goldman Sachs, Citigroup, US Bancorp, PNC and State Street.
Monday 11 April
From China on Monday we have new CPI and PPI inflation data to digest. In February Chinese consumer prices rose 0.6% over the month, and 0.9% year-on-year, driven by global energy costs and rising food demand due to the Spring Festival.
Tuesday 12 April
On Tuesday we’ll get an update on the UK labour market with average earnings and claimant count change data. In Germany, look out for the latest CPI and the ZEW economic sentiment report, while in the US we’ve got CPI, the Federal budget balance and OPEC’s monthly oil market report. Used vehicle retailer CarMax is due to post quarterly earnings, after a year of rising used car prices.
Wednesday 13 April
Dow component JPMorgan Chase reports earnings on Wednesday, along with investment management firm BlackRock, US airline Delta, industrial distributor Fastenal, UK supermarket Tesco and US home goods retailer Bed Bath & Beyond. Macroeconomic data includes the Australian Westpac consumer sentiment index, the Chinese trade balance, UK CPI and PPI figures, and eurozone industrial production and PPI.
Thursday 14 April
The earnings schedule picks up before the Easter weekend with figures due from Swedish telecoms firm Ericsson (recently facing a shareholder revolt over suspect payments in Iraq), banking groups Wells Fargo, Morgan Stanley, Goldman Sachs, Citigroup, US Bancorp, PNC and State Street, home furnishings retailer Dunelm, recruitment firm Hays and UK investment manager Ashmore. Keep an eye out too for Australian employment figures, US retail sales, business inventories and Michigan consumer sentiment, and the ECB’s decision on eurozone interest rates.
Friday 15 April
While Good Friday marks the start of the Easter holiday weekend, we’ll have the latest French CPI data, the annual inflation rate currently standing at 5.1%. In the US the Empire State index of manufacturing conditions in New York is released, alongside March industrial production figures.
Published: 11 April 2022
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