Look ahead: Netflix; easyJet trading; US initial jobless claims; Australia unemployment rate
Netflix shares have been on a tear, but analysts are warning that the streaming giant’s earnings will have to really impress investors to keep its share price momentum going.
easyJet’s trading will be key ahead of an expected surge in summer travel demand. The United States and Australia release labour market data.
(AI Video Summary)
Expected economic data
Angeline Ong previews key financial updates for 18 April, including Australia's unemployment rate at 3.9%, US jobless claims, the Fed Manufacturing Index, existing home sales, and comments from Fed officials' post-Powell inflation remarks. Attention is on easyJet's first-half trading statement amid travel industry challenges, Dunelm's Q3 report, Foxton's Q1 report, and Rentokil's Q1 report.
Netflix
Netflix's Q1 earnings are in focus as it competes in the streaming space, having surged 258% since May 2022. Market watchers anticipate Netflix's strategies to further captivate investors amidst fierce competition and a high expectation due to its significant share growth.
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