Sunday Aug 14 2022 05:37
57 min
The semi-final of the US earnings season is here with Walmart, Cisco Systems and Deere & Co some of the companies due to report earnings this week. The Reserve Bank of Australia and FOMC are due to release their monetary policy meeting minutes and the UK will post its retail sales data. What else should investors look out for?
Monday
The semi-final of US earnings season
At the start of the month, Goldman Sachs analysts said that the US earnings season has performed better than expected. By the start of last week, 87% of S&P 500 companies have reported earnings, 75% of those companies reported that their earnings per share (EPS) surpassed estimates. This week is the US earnings semi-final. While Monday is relatively quiet, later in the week investors should anticipate Walmart (WMT), Cisco Systems (CSCO), Applied Materials (AMAT) and Deere & Co (DE) all reporting their financial results.
Tuesday
How is Walmart holding up?
At the end of July, Walmart shares slumped after the retailer cut its profit outlook on inflation concerns. Back then, Walmart said that it anticipates its adjusted earnings per share for the second quarter and full year to fall between 8 and 9% and 11 and 13% respectively. Previously, it expected them to be flat or slightly higher. What will the company’s earnings report show now?
Reserve Bank of Australia (RBA) meeting minutes
The Reserve Bank of Australia decided to hike interest rates by 50 basis points (bps) to 1.75%. Cash rate was raised to 1.87%. Inflation in the country is the highest it has ever been since the 1990’s at 6.1% in June. The RBA’s meeting minutes could suggest to investors what the bank’s stance is on further rate hikes.
Wednesday
Reserve Bank of New Zealand (RBNZ) monetary policy meeting
The Reserve Bank of New Zealand hiked interest rates by 50 basis points in July for the third straight meeting in a row. Then, the central bank said it will continue to tighten its monetary policy “at pace” until inflation settles down. Inflation in June in New Zealand surged past 7% – a 32-year high.
FOMC meeting minutes
The Federal Reserve raised interest rates by 75 basis points at its two past meetings. FOMC meeting minutes are due to be released late on Wednesday, what else did officials talk about during the meeting?
Friday
UK retail sales data
Consumer spending in the UK in July was stronger than pre-pandemic levels, however, the sector warned of an “incredibly difficult period”. UK retail sales grew 2.3% in July compared with the same period one year ago. What will the new values suggest?
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15.08 |
16.08 |
17.08 |
18.08 |
19.08 |
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Walmart (WMT) PMO
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Deere & Co (DE) PMO |
Economic calendar (BST)
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Mon Aug 15 |
1:30am |
NZD |
BusinessNZ Services Index |
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2:01am |
GBP |
Rightmove HPI m/m |
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2:50am |
JPY |
Prelim GDP Price Index y/y |
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JPY |
Prelim GDP q/q |
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5:00am |
CNY |
Retail Sales y/y |
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CNY |
Fixed Asset Investment ytd/y |
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CNY |
Industrial Production y/y |
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CNY |
NBS Press Conference |
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CNY |
Unemployment Rate |
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7:30am |
JPY |
Revised Industrial Production m/m |
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15th-16th |
EUR |
German WPI m/m |
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9:30am |
CHF |
PPI m/m |
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All Day |
EUR |
French Bank Holiday |
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All Day |
EUR |
Italian Bank Holiday |
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Tentative |
EUR |
German Buba Monthly Report |
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Tentative |
EUR |
German 10-y Bond Auction |
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3:30pm |
CAD |
Manufacturing Sales m/m |
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CAD |
Wholesale Sales m/m |
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USD |
Empire State Manufacturing Index |
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5:00pm |
USD |
NAHB Housing Market Index |
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11:00pm |
USD |
TIC Long-Term Purchases |
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Tue Aug 16 |
4:30am |
AUD |
Monetary Policy Meeting Minutes |
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7:30am |
JPY |
Tertiary Industry Activity m/m |
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9:00am |
GBP |
Average Earnings Index 3m/y |
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GBP |
Claimant Count Change |
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GBP |
Unemployment Rate |
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12:00pm |
EUR |
Trade Balance |
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EUR |
ZEW Economic Sentiment |
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EUR |
German ZEW Economic Sentiment |
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3:15pm |
CAD |
Housing Starts |
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3:30pm |
CAD |
CPI m/m |
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CAD |
Common CPI y/y |
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CAD |
Median CPI y/y |
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CAD |
Trimmed CPI y/y |
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CAD |
Core CPI m/m |
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CAD |
Foreign Securities Purchases |
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USD |
Building Permits |
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USD |
Housing Starts |
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4:15pm |
USD |
Capacity Utilization Rate |
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USD |
Industrial Production m/m |
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Tentative |
NZD |
GDT Price Index |
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Wed Aug 17 |
1:45am |
NZD |
PPI Input q/q |
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NZD |
PPI Output q/q |
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2:50am |
JPY |
Core Machinery Orders m/m |
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JPY |
Trade Balance |
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3:30am |
AUD |
MI Leading Index m/m |
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4:30am |
AUD |
Wage Price Index q/q |
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5:00am |
NZD |
Official Cash Rate |
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NZD |
RBNZ Monetary Policy Statement |
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NZD |
RBNZ Rate Statement |
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Tentative |
NZD |
RBNZ Statement of Intent |
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6:00am |
NZD |
RBNZ Press Conference |
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9:00am |
GBP |
CPI y/y |
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GBP |
Core CPI y/y |
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GBP |
PPI Input m/m |
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GBP |
PPI Output m/m |
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GBP |
RPI y/y |
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11:00am |
CHF |
Credit Suisse Economic Expectations |
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11:30am |
GBP |
HPI y/y |
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12:00pm |
EUR |
Flash Employment Change q/q |
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EUR |
Flash GDP q/q |
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3:30pm |
USD |
Core Retail Sales m/m |
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USD |
Retail Sales m/m |
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5:00pm |
USD |
Business Inventories m/m |
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5:30pm |
OIL |
Crude Oil Inventories |
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9:00pm |
USD |
FOMC Meeting Minutes |
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Thu Aug 18 |
4:30am |
AUD |
Employment Change |
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AUD |
Unemployment Rate |
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12:00pm |
EUR |
Final CPI y/y |
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EUR |
Final Core CPI y/y |
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3:30pm |
CAD |
IPPI m/m |
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CAD |
NHPI m/m |
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CAD |
RMPI m/m |
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USD |
Philly Fed Manufacturing Index |
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USD |
Unemployment Claims |
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5:00pm |
USD |
Existing Home Sales |
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USD |
CB Leading Index m/m |
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5:30pm |
Nat Gas |
Natural Gas Storage |
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Fri Aug 19 |
1:45am |
NZD |
Trade Balance |
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2:01am |
GBP |
GfK Consumer Confidence |
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2:30am |
JPY |
National Core CPI y/y |
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6:00am |
NZD |
Credit Card Spending y/y |
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9:00am |
CHF |
Trade Balance |
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EUR |
German PPI m/m |
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GBP |
Retail Sales m/m |
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GBP |
Public Sector Net Borrowing |
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11:00am |
EUR |
Current Account |
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3:30pm |
CAD |
Core Retail Sales m/m |
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CAD |
Retail Sales m/m |
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