The week ahead: 26/09/22
Sportswear firm Nike reports earnings this week, along with BlackBerry, Cracker Barrel, Paychex, Jefferies, Cintax, Micron, Next, CarMax and Bed Bath & Beyond. Data includes German GDP, Ifo business climate, CPI and retail sales; US new home sales, pending home sales and GDP; and eurozone CPI.
Monday 26 September
This week’s flow of data began overnight with the Japanese manufacturing and services PMI updates, followed later in the morning by the first estimate of German GDP for the third quarter. Also look out for the German Ifo business climate index for September. Last month’s survey revealed a pessimistic outlook, the index falling from 88.7 to 88.5.
Tuesday 27 September
Canadian cybersecurity software company BlackBerry and US restaurant chain Cracker Barrel both report quarterly earnings on Tuesday. We’ll also see the latest US durable goods orders and new home sales. Last week, existing home sales data showed a 0.4% dip in August, the seventh fall in a row. The Conference Board also publishes its US consumer confidence reading for September.
Wednesday 28 September
HR services firm Paychex posts earnings on Wednesday, after earlier this month announcing a new voice-activated payroll solution in partnership with Google. Figures are also due from financial services group Jefferies and business services provider Cintax. Macroeconomic data includes the latest German GfK consumer climate, US pending home sales, goods trade balance, retail inventories excluding auto and weekly crude oil inventories.
Thursday 29 September
Dow component Nike reports to the market on Thursday. The sportswear giant earlier this month launched its new Nike Forward material with a reduced carbon footprint. Keep an eye out too for earnings from computer memory producer Micron, UK clothing and home products retailer Next, used vehicle seller CarMax and US domestic merchandise retailer Bed Bath & Beyond. Other highlights include German preliminary CPI data for September, the final US Q2 GDP and the GDP price index.
Friday 30 September
A busy data schedule on Friday includes the Japanese jobs/application ratio, industrial production and retail sales, Chinese Caixin manufacturing PMI and NBS manufacturing and non-manufacturing PMI, the UK Q2 current account, German retail sales and unemployment change, French consumer spending and the eurozone CPI and unemployment rate. In the US we’ll get the PCE price index, personal income and spending, the Chicago PMI and the University of Michigan consumer sentiment. Interim results are expected from UK funeral services provider Dignity.
Published: 26 September 2022
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