Look ahead: US durable goods; Q1 GDP growth rate; initial jobless claims; Lloyds; Nike
Eurozone economic sentiment, US durable goods, Q1 GDP growth rate and initial jobless claims will be key ahead of that US inflation reading at the end of the week.
Watch out for Lloyds Banking Group’s strategy outlook as we countdown to the UK general election. Walgreens Boots Alliance unveils its quarterly earnings. Plus, find out why Nike’s product innovation plans are more likely to move its shares, rather than its earnings.
(AI Video Summary)
Upcoming US economic data
In today's "Look ahead" to Thursday, 27 June, Angeline Ong of IGTV highlights key economic indicators influencing the US dollar's trajectory, particularly ahead of the upcoming PCE inflation data, watched closely by the Fed for rate decision cues. US Q1 GDP, jobless claims, and pending home sales are also discussed for their potential impact on monetary policy. Attention is on the dollar's performance, notably its peak against the yen since 1986.
UK earnings updates
Additionally, UK earnings and strategy updates, particularly from Lloyds Banking Group, are in focus, alongside Nike's anticipated strategic shift in response to competitiveness concerns in the lower-end market. This summary captures the essence of discussions likely to interest finance enthusiasts, especially concerning market trends and trading opportunities.
This information has been prepared by IG, a trading name of IG Markets Ltd and IG Markets South Africa 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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