The week ahead: 29/08/22
Ahead of Friday’s influential US nonfarm payrolls, we’ll see Australian and German retail sales this week, German and eurozone CPI and French GDP, plus manufacturing PMI data for Japan, China, France, Germany, the eurozone, the UK and the US. Earnings are due from Baidu, HP Inc, Best Buy, PVH, Ambarella, Harmony, Big Lots, Designer Brands, Brown-Forman and Ashmore.
Monday 29 August
While UK markets are closed for the Summer Bank Holiday on Monday, economic updates are thin on the ground. Early today in Australia the retail sales data for July was released. Figures for June showed sales rising 0.2% month-on-month, and 12% year-on-year.
Tuesday 30 August
On Tuesday we’ll get earnings from Chinese internet services and AI firm Baidu, computer hardware provider HP Inc, consumer electronics retailer Best Buy, US clothing company PVH, fabless semiconductor designer Ambarella, gold miner Harmony and one-stop retailer Big Lots. Among the macroeconomic data look out for Japan’s jobs/application ratio, Australian building approvals and German CPI, and in the US the Conference Board’s consumer confidence data and the JOLTs labour market report.
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Wednesday 31 August
Early on Wednesday Japanese industrial production and retail sales figures are released, along with China’s NBS manufacturing and non-manufacturing PMI. Later in the morning we’ll see French consumer spending and Q2 GDP, German unemployment change and eurozone CPI, while in the afternoon the Chicago PMI is issued in the US. Shoe retailer Designer Brands reports to the market, as well as spirits and wine company Brown-Forman. The whisky maker recently announced a £30 million investment in the GlenDronach Distillery.
Thursday 1 September
On Thursday manufacturing PMI data is published for Japan, China, France, Germany, the eurozone, the UK and the US, along with the ISM’s manufacturing PMI for the US. Other key data includes Japanese capital spending for Q2, German retail sales and the eurozone unemployment rate. Earnings come from semiconductor and software supplier Broadcom, in the process of acquiring cloud computing firm VMware, plus sportswear retailer Lululemon Athletica, food companies Hormel and Campbell’s and jewellery retailer Signet.
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Friday 2 September
Friday’s highlight is the US nonfarm payrolls update for August. In July, the US economy added 528,000 jobs, well in excess of expectations. We’ll also see the latest German trade balance and US factory orders, while in the UK, investment management group Ashmore publishes full-year results.
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Published: 29 August 2022
You should under no circumstances consider the information and comments provided as an offer or solicitation to invest. This is a macro summary of scheduled news announcements and is not investment advice, independent research or an investment recommendation. The information provided is believed to be accurate at the date the information is produced.