Look ahead: US CPI; retail sales; Burberry; ThyssenKrupp; Cisco
Wall Street's main indexes were little changed on Tuesday as investors assessed stronger-than-expected producer prices data and awaited Federal Reserve Chair Jerome Powell's speech later in the day.
US retail sales come in a week when we have earnings from Walmart. Plus, Burberry, Imperial Brands, Commerzbank, TUI and Cisco Systems report.
(AI Video Summary)
US CPI figures
Angeline Ong previews economic and corporate indicators critical for finance enthusiasts for Wednesday, 15 May. Key focuses include the eurozone Q1 GDP and US CPI inflation figures, hinting at potential shifts in interest rates based on hotter-than-expected Producer Price Index (PPI) data. The discussion also touches on stock reactions, particularly in the Dow Jones and S&P 500, to PPI numbers.
Corporate news
Corporate highlights involve Burberry's performance amidst luxury market shifts, upcoming earnings from notable firms like Cisco and Walmart, and the impact of constrained jet deliveries on airline stocks. The commentary encapsulates crucial insights for market watchers, emphasising inflation data, Federal Reserve's cues, and sector-specific outlooks.
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