Week ahead: RBA; China inflation; eurozone retail; Vodafone; UBS; Walt Disney; Uber
The earnings season is punctuated by European banks like UBS and Societe Generale reporting. Vodafone, Bellway, Walt Disney, Uber, and PayPal among the other big names.
Watch out for inflation numbers from China amid the Evergrande debacle. Eurozone retail data will be interesting given factories in the euro area ended 2023 on the back foot. Plus, the Reserve Bank of Australia is widely expected to keep rates at 4.35%.
(AI Video Summary)
Important worldly economic events
In this "Week ahead" video update, Angeline Ong starts by mentioning that there have been some important events in the trading world this week, such as big tech companies reporting their earnings and the release of non-farm payrolls data. However, she also highlights that the upcoming week will still bring significant economic data that can impact the markets.
She then talks about various economic events happening around the world. For example, she mentions Australia's trade balance, China's Caixin index, Germany's trade balance and producer prices, eurozone's manufacturing PMIs, and the UK's retail sales. These events can provide valuable insights into the health of different economies and can affect the prices of various assets.
Notable current and upcoming earnings reports
She mentions Exxon Mobil, a company that surpassed expectations with its quarterly profits, and Chevron, whose earnings were impacted by weaker margins and charges. She even shows charts that track the minute-by-minute and hourly movements of these two stocks, emphasising the significant reversal in Chevron's share price. She also mentions upcoming earnings reports from European banks, as well as big-name companies like McDonald's, Caterpillar, BP, Spotify, and many others. These reports can greatly impact the stock prices of these companies.
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