Week ahead: Oracle; Persimmon; Domino’s Pizza; UK unemployment; US PPI and consumer readings
In a relatively quiet week, investors get a healthy serving of corporate results from big names including Oracle, Persimmon and Domino’s Pizza.
The UK releases its latest unemployment print. While in the US, the focus will be on the Producer Price Index and US consumer inflation expectations.
(AI Video Summary)
Plenty of upcoming economic data
In this video, Angeline Ong gives us a preview of what to expect in the upcoming week of 11 March. She mentions Japan's GDP growth rates, US inflation expectations, and unemployment figures from different countries. We will also get updates on producer prices and consumer price index data.
On Wednesday, we can look forward to seeing the monthly GDP and trade numbers from the UK, as well as industrial production numbers from the eurozone. Later in the week, we will be able to see the US TPI and Michigan consumer index, along with other economic indicators like the producer price index, retail sales, and business inventories.
Market discussion with Anthony Battista
Next, we hear from Anthony Battista in Chicago, who talks about the current state of the market. He mentions that bond prices have been on the rise recently, which is a positive sign for the overall market. He also notes that gold has been doing well and the Japanese yen has rebounded from its low point. This suggests that the market is on track to reach new highs, at least in the US.
The conversation then shifts to gold, with Batista mentioning that it has been on a streak of eight consecutive days of higher highs. This is a strong indication of a bullish trend. He advises against going against this upward momentum in gold, as commodities often have streaks of gains. They also acknowledge that it is International Women's Day and highlight the significance of the day.
Upcoming earnings reports for the week
Finally, the focus turns to the upcoming earnings for the week. Although it may be a quieter week, there are still important companies to keep an eye on, such as Oracle, Persimmon, Domino's Pizza, Metro Bank, Adidas, Volkswagen, Dollar Tree, Dollar General, Adobe, Savills, and Vistry. Adobe's earnings are particularly important as they provide insight into the future income generated by its AI-driven services.
Overall, the upcoming week is expected to be full of economic news and earnings releases. The market seems to be moving steadily towards new highs, and gold is showing a positive trend.
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