Week ahead: Consumer confidence; Core PCE; Retail sales; Ocado; Taylor Wimpey; eBay
Will consumer confidence, retail sales, and manufacturing figures out next week from Germany, the United States, and China impress or disappoint?
Plus, NVIDIA's market mood-lifting results, we get earnings from eBay, Ocado, Taylor Wimpey, Zoom, and Pearson.
(AI Video Summary)
Important economic data coming from various countries
In this week's "Week ahead", Angeline Ong gives a sneak peek of what to expect in the upcoming week starting 26 February. She talks about important economic data and events that could have an impact on the market. One of the highlights is the release of the UK CBI distributive trades and US new home sales data, which could affect the Federal Reserve's decision on interest rates. Ong also mentions other notable events like consumer confidence numbers from the US and Germany, Japan's consumer price index, and Australia's monthly CPI indicator. These events are all being closely watched by investors who are waiting for the Federal Reserve's next move before making any big trades.
Retail sales and NVIDIA's incredible performance
On Thursday, retail sales figures from Japan, Australia, and Germany will be released, along with U.S. core PCE and pending home sales. Investors will also be keeping a close eye on manufacturing PMIs from China and the US, especially after positive manufacturing data from the eurozone.
Ong then shifts the focus to the recent performance of NVIDIA, a company that specialises in artificial intelligence. Tony Battista, a trading expert from tastylive, suggests that we might be entering a new industrial revolution driven by AI, and stocks like NVIDIA have seen huge gains as a result. The conversation also touches on the Federal Reserve's rate cut expectations and the lack of movement in bond volatility, which is something traders should consider.
More earnings reports expected
To wrap things up, Ong talks about upcoming corporate earnings announcements, including companies like Zoom, eBay, and Taylor Wimpey. It's an eventful week, as it also marks the two-year anniversary of Russia invading Ukraine.
Overall, this video provides a preview of important events and data releases that traders should keep an eye on in the next week. It touches on various topics like interest rates, AI-driven stocks, and corporate earnings. By paying attention to these factors, investors can make more informed trading decisions.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
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