Week Ahead starting 10/7/23: US banks; Delta; Pepsi; US inflation; NZ, and BoC rate decisions
Investors get a bird’s eye view of the world economy as some of the biggest Wall Street banks report Q2 earnings along with Delta Airlines and PepsiCo. Plus, watch out for interest rate decisions from New Zealand and Canada.
Monday
Pay attention this week to inflation, confidence data and also interest rate decisions. On Monday, China releases its consumer price index and producer price index, which should give investors some idea of where inflation in the world’s most populous nation is headed in a time when the Chinese government is expected to announce more measures to support the faltering economic momentum there. The US releases wholesale inventories.
Tuesday
Australian consumer and business confidence data is announced on the same day as UK retail sales and jobless rate figures. Keep an eye out for the ZEW survey out of Germany for clues as to whether or not confidence has been dented by the recent trade salvos between the US and China.
Wednesday
Two interest rate decisions – one from New Zealand and the other from Canada – highlight just how difficult it has been for major central banks to get stubbornly high inflation to ease. Watch out for oil inventory data to shed light on the supply side.
Thursday
UK GDP data and trade numbers from Britain and China provide potential market moving points for currency traders.
Friday
It’s the euro zone’s turn to report trade figures, plus the focus out of the US will be consumer confidence figures after the NFP data painted a robust picture of the US labour market.
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