The week ahead: 14/02/22
The UK cost of living and its impact on consumer spending should continue to dominate the headlines this week, with CPI data due on Wednesday and retail sales on Friday. A wide spread of earnings comes from Arista, BHP, Airbnb, Zoetis, Glencore, Nvidia, Cisco, AIG, Walmart, Commerzbank, Reckitt, Deere & Co, NatWest and Allianz.
Monday 14 February
Networking hardware firm Arista reports on Monday, along with independent oil producer Continental Resources, auto parts retailer Advance, car rental firm Avis, real estate investor Vornado, retirement home operator Brookdale and auto engineering firm Garrett Motion. Eurozone industrial production figures are released at 10am (UK time), while overnight we’ll have earnings from mining group BHP and the first look at Japanese Q4 GDP.
Tuesday 15 February
On Tuesday earnings are due from vacation rental platform Airbnb, veterinary drugs firm Zoetis (riding a wave of rising pet ownership and an increased focus on animal heath), commodity trading and mining multinational Glencore, hotel chain Marriott, water treatment firm Ecolab, energy company Devon, fast-food holding company RBI and media group ViacomCBS. Look out for Japanese industrial production data, UK average earnings and claimant count, German ZEW economic sentiment, eurozone GDP and trade balance, and, in the US, the latest PPI and the New York Empire State manufacturing index.
Wednesday 16 February
Inflation will be Wednesday’s key talking point, with CPI and PPI data due in the UK and China. The Bank of England recently announced that it expects UK annual inflation to break 7% over spring 2022. We’ll also see the latest eurozone and US industrial production, US import and export price indices and business and retail inventories, and the Japanese trade balance. GPU maker Nvidia reports to the market alongside Dow component Cisco, e-commerce platform Shopify, engineering firm Applied Materials, semiconductor company Analog, data centre operator Equinix and finance and insurance group AIG.
Thursday 17 February
Walmart posts fourth-quarter earnings on Thursday, after it recently emerged that the US retailer has plans to create a new cryptocurrency and its own NFTs. Figures also come from German bank Commerzbank, energy supplier Southern, UK consumer goods company Reckitt, software firm Palantir, financial services multinational Standard Chartered, auto parts distributor GPC, software engineer EPAM, healthcare real estate firm Ventas and car retailer AutoNation. In the macroeconomic news we’ll see the latest Australian employment change, US building permits and housing starts, and the Philadelphia Fed manufacturing index, plus the Japanese national CPI.
Friday 18 February
We round off the week with UK retail sales (which fell sharply in December, losing 3.7% month-on-month), French CPI and US existing home sales. Keep an eye out among the earnings for tractor maker Deere & Co, UK bank NatWest, US power companies Ameren and PPL, UK property investor Segro and German insurer Allianz.
Published: 14 February 2022
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