Look ahead: Retail sales; GDP; EnQuest; Walgreens Boots Alliance
Germany and Australia release retail sales. Watch out for the final GDP growth rate print from the UK and the US. EnQuest releases full-year earnings.
Plus, Walgreens Boots Alliance commentary around its healthcare services will be key as it reports quarterly earnings.
(AI Video Summary)
Expected economic data
In this video, Angeline Ong talks about what's happening in the markets on Thursday, 28 March. She starts by discussing the retail sales report in Australia, where people are curious to know if prices are going up or if the central bank has been successful in keeping them under control. In Germany, the main things to keep an eye on are the retail sales report and the unemployment rate.
In the UK, people will be paying attention to the final reading of the GDP growth rate and the details of car production in February. The GDP growth rate in the US is also important, along with initial jobless claims, the Chicago PMI, and pending home sales.
Ong shows a chart of the US 500 index and explains that even though people were expecting a decline, it has actually been rising since October. As the long holiday weekend is coming up, there probably won't be any big news, and many investors might play it safe and wait until after the holiday to get back into the market.
Earnings reports
Ong also mentions a few noteworthy companies' earnings reports for the week, like EnQuest, SSE, and Walgreens Boots Alliance. She points out that Walgreens Boots Alliance's share price has gone down, and she discusses how a cyber attack on its Insura United Health Unit has affected the company. She also talks about their focus on making more money through healthcare services.
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