Look ahead: AstraZeneca; Siemens; China CPI; US initial jobless claims
Watch out for China inflation as investors await more substantial market rescue measures from Beijing. US initial jobless claims, likely to be more interesting after recent US jobs growth smashed expectations.
Plus, AstraZeneca, Société Générale, and Siemens will be key European earnings to watch out for.
(AI Video Summary)
China's economic growth plans
In today's "Look ahead" video, Angeline Ong gives us a sneak peek of what to expect in the trading world on Thursday, 8 February. First, let's talk about China. The government is planning to announce some new measures to help their economy. These measures could really make a difference in the market, so everyone will be watching closely to see how things unfold.
US jobless claims and wholesale inventories
Meanwhile, in the US, we'll be keeping an eye on a few different things. First, there will be some reports on jobless claims and wholesale inventories. These numbers could be affected by what some important people have to say about the Federal Reserve's interest rate cuts. So the market will be paying attention to those comments.
More big earnings reports expected
We also have some big companies releasing their earnings reports. AstraZeneca, Unilever, and British American Tobacco are among them. AstraZeneca is especially interesting because its stock has been struggling to break above a certain level for the past 100 days. So people are curious to see if they will be able to turn things around.
There are a few other companies to keep an eye on as well. Zurich Insurance, Siemens, ArcelorMittal, and Zeeland Société Générale will all be making their earnings announcements. Siemens, in particular, is important because it is seen as a good indicator of how the German economy is doing. If it breaks through a certain level, it could lead to even more positive momentum.
In the US, we have Kenvue, Philip Morris, and Under Armour releasing their quarterly earnings. So it's going to be a busy day for earnings reports.
Overall, the two most important stocks to watch are AstraZeneca and Siemens. Any news about AstraZeneca's competition or updates on Siemens' supply chain could really impact the market. So keep an eye out for those.
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