Week ahead: Retail; consumer confidence; Coca-Cola; Cisco; Commerzbank; NatWest
Fresh consumer confidence and retail prints from the US, UK and Germany are likely to be interesting especially as US stocks continue to ‘melt-up’ even without a Fed rate cut.
(AI Video Summary)
Important economic updates upcoming from Germany, US and UK
These updates will give us insights into the health of different economies and can impact financial markets. For example, Australia and the UK will share consumer confidence numbers, which tell us how optimistic people are about spending money. The UK will also focus on the jobless rate, which shows the percentage of people who are unemployed and actively seeking work.
Germany will reveal the ZEW economic sentiment indicator, which measures the optimism or pessimism of financial experts in the country. In the US, the consumer price index will be released, which shows the changes in prices of goods and services that consumers buy. These are just a few examples of the economic data that will be released throughout the week.
The eurozone's industrial production figures will be closely watched because of recent changes in the value of the euro compared to the US dollar. Additionally, crude oil inventories will be monitored due to ongoing tensions in the Middle East. This information helps us understand the supply and demand of oil, which impacts its price.
Japan to announce Q4 GDP growth rate
On Thursday, Japan will report its fourth quarter GDP growth rate, giving us an idea of how well the Japanese economy is doing. Australia will also release its unemployment rate, which is an important indicator of the country's job market.
In the UK and the US, the focus will be on data related to consumers, such as the GDP numbers, retail sales, and initial jobless claims. This tells us how much the consumers are spending, which is a crucial driver of economic growth.
On Friday, we can expect the release of the Michigan consumer sentiment data from the US and retail sales figures from the UK.
More big Q4 earnings reports
This coming week, we can look forward to hearing from well-known brands like Coca-Cola and Airbnb. These earnings reports give us insights into how well these companies are performing and can impact their stock prices. Overall, this week is expected to be busy and eventful for the financial markets. It's important to keep an eye on the news and developments to stay informed and prepared.
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