Look ahead: China Q1 growth; ZEW; Canada CPI; LVMH; Bank of America; Johnson & Johnson
China’s Q1 GDP growth rate, industrial output, and retail sales could suggest that China’s growth slowed on an annual basis, but rose quarter-on-quarter. Watch out for German business morale and Canada’s latest inflation print.
Bank of America reports after Goldman Sach’s quarterly profit jumped 28% on investment banking strength. LVMH kicks off the luxury earnings parade. Plus, Johnson & Johnson is expected to report a fall in quarterly sales.
(AI Video Summary)
Upcoming global financial data
Today's "Look ahead", hosted by Angeline Ong, focuses on impending global financial data releases for Tuesday, 16 April, and their potential impact on markets. Key points include China's Q1 GDP, industrial production, retail sales, and fixed asset investments affecting the Chinese yuan's value; UK unemployment rates; German business morale via ZEW readings; Canadian inflation figures; US housing, industrial production, and crude oil inventory data. The financial insights underline concerns over China's economic growth, inflation rates, and how luxury brands and pharmaceutical companies are performing, especially in light of recent challenges in China and health product recalls.
Upcoming earnings reports
We can also expect earnings reports from Moneysupermarket.com, LVMH, UnitedHealth, Bank of America, Johnson & Johnson, and United Airlines.
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