Week Ahead starting 27/02/23: Global economic sentiment; ABF, Bayer, Ocado earnings
Economic sentiment indicators from the eurozone and China could provide trading opportunities. Plus, look out for earnings from ABF (ABF), Bayer (BAYGn) and Ocado (OCDO).
Economic Calendar
We've got economic sentiment numbers from the euro zone, the United States, durable goods orders and pending home sales as well. Of course, all this is interesting after the Fed minutes showed inflation is still on the radar of Fed officials. And that, in turn, might mean that rates or less aggressive interest rates might not come soon as equity markets had hoped.
Japan & France
Turning to Japan, we've got retail sales numbers and industrial production. From France, look out for their consumer price index. Inflation is looking like it's sort of coming off its peak there, but it is still really sticky, still really red hot.
North America
We're watching out for the country's Q4 GDP growth rate. In the US, wholesale inventories, the S&P Case-Shiller Home data and API crude oil inventories.
Australia & China
We're eyeing Australia's fourth-quarter GDP growth rate. From China, we get the Caixin Manufacturing Index. Germany releases retail sales numbers and its consumer price index. Across the Atlantic, manufacturing data and the EIA crude oil inventories are released on the 1st of March. Moving onto the latter half of the week, we have consumer confidence numbers from Japan and the consumer price figures from the euro zone and also the unemployment rate there. This is followed very closely by initial jobless claims data from the United States, which comes on Thursday. And then on Friday, we have details from China again, in the form of its services PMI after those manufacturing numbers earlier on the week.
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