Week Ahead starting 24/4/23: Global growth data; UBS, Meta and Chevron earnings
Brace for GDP growth data from some of the world’s major economies including the US and Germany. Some of the biggest names report including UBS, Barclays, Deutsche Bank, Meta and key oil majors like Chevron and Exxon Mobil.
Monday
Germany kicks off the economic diary with the Ifo. This will be interesting given big German corporates like Volkswagen have reported weakness in China, its most important single market. From the US, we have manufacturing activity data both from the Chicago and Dallas Fed.
Tuesday
The industrial theme continues with figures out of the UK from the Confederation of Business Industry. Plus, US consumer confidence and API crude oil inventories.
Wednesday
On Wednesday, the attention turns to inflation figures from Australia. Also, likely to be closely watched by investors, the latest reading on German consumer confidence and trade data from across the Atlantic.
Thursday
A key data point on Thursday will be industrial profits data from what is still the factory of global manufacturing, China. Eurozone economic sentiment, US GDP, initial jobless claims and pending home sales could also prompt volatility.
Friday
We cap it off on Friday with an interest rate decision from Japan. The BoJ likely to maintain its dovish stance.
Plus, we have GDP growth rate readings from elsewhere in Europe.
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