The week ahead: 28/03/22
The focal point of the week is Friday’s US nonfarm payrolls release, while we’ll also get fresh German inflation data, the final US GDP for Q4 and a slew of manufacturing PMI reports. A few notable names from a light earnings schedule include Micron, McCormick & Co, Lululemon Athletica, Paychex, AerCap, Gulf Keystone and Walgreens Boots Alliance.
Monday 28 March
A low-key start to the week includes the latest advance statistics for US international trade, wholesale and retail inventories, released at 1.30pm UK time. In January the US goods trade deficit widened to a record high of $107.63 billion. Late in the evening we’ll also get the Japanese jobs/application ratio.
Tuesday 29 March
On Tuesday we expect earnings from computer memory firm Micron, sportswear retailer Lululemon Athletica, food company McCormick & Co, US furniture stores RH and Conn’s, clothing group PVH, residential property developer Bellway, German robot maker Kuka, wind turbine manufacturer Nordex, vacuum pump firm Pfeiffer and car parts maker ElringKlinger. Among the macroeconomic data look out for Australian, German and Japanese retail sales, the German GfK consumer climate, and the US JOLTs survey of the labour market.
Wednesday 30 March
The UK Q4 current account is released on Wednesday morning, while in Germany we’ll see the latest CPI data, and in the US the ADP nonfarm employment change, final Q4 GDP and the GDP price index. Japanese industrial production figures are also published late in the day. Payroll services firm PayChex reports to the market, along with aircraft leasing company AerCap and oil and gas producer Gulf Keystone, which recently warned that production may not grow as expected through 2022.
Thursday 31 March
Retail pharmacy holding company Walgreens Boots Alliance reports on Thursday amid continued bid speculation over the Boots chain. Cybersecurity firm Blackberry is also due to post earnings. Keep an eye out too for Australian building approvals and private sector credit, the Chinese NBS manufacturing and non-manufacturing PMI, French consumer spending, German and eurozone unemployment, the US PCE price index, personal spending and the Chicago PMI, plus the tankan report on business confidence in Japan.
Friday 1 April
April begins with the influential US nonfarm payrolls release. Analysts will be hoping to see continued progress after a better-than-expected 678,000 jobs were added to the UK economy in February. We’ll also get March manufacturing PMI data for Japan, China, France, Germany, the eurozone, the UK and the US, plus the ISM’s own US manufacturing PMI report.
Published: 28 March 2022
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