திங்கள் Jul 22 2019 10:21
5 நிமி
The European Central Bank (ECB) provides the main headline risk event for traders as we look at whether policymakers are ready to pull the trigger on a fresh round of stimulus.Options are limited for the ECB but markets are increasingly betting it will choose to cut interest rates this year and may restart its bond-buying programme.
Estimates for US Q2 growth were revised up after better-than-expected retail sales figures last week. The question is whether there is enough strength in the quarterly growth numbers to make the market rethink just how much the Fed will cut rates. The first reading of the Q2 GDP estimate is due on Friday.
Earnings season hits full speed with a slew of corporate updates. Top of the bill is Facebook, which knocked it out the park in Q1. The consensus expected Q2 earnings per share (EPS) is $1.87, up 7.5% year-on-year. Sales are seen rising around 25% to $16.5 billion. But can advertising growth offset worries about regulation and higher costs?
Last month CEO Elon Musk said deliveries in the second quarter hit a record 95,200 cars, well ahead of the 91k expected by Wall Street. Key questions are whether achieving these production targets is leaving the business nursing additional costs, and whether management sticks to its guidance to return to profitability in Q3.
How much has the 737 MAX grounding affected sales and earnings? We should find out more about how much of a it Boeing expects to take when we get the second quarter numbers on Thursday. Boeing also has exposure to tariffs and has led to analysts downgrading the stock lately.
Earnings season continues this week so here’s your head’s up on the names to watch. The following companies are set to publish their quarterly earnings reports this week:
Pre-Market | 23rd July | Lockhead Martin Corp – Q2 Earnings |
23rd July | Santander SA – Q2 Earnings | |
After-Market | 23rd July | Visa Inc – Q2 Earnings |
08.00 BST | 23rd July | UBS – Q2 Earnings |
After-Market | 23rd July | Snap Inc -Q2 Earnings |
Pre-Market | 23rd July | Coca-Cola C – Q2 Earnings |
After-Market (Paris) | 24th July | LVMH – Q2 Earnings |
24th July | AMD – Q2 Earning | |
12.00 BST | 24th July | GlaxoSmithKline Plc -Q2 Earnings |
After-Market | 24th July | Facebook – Q2 Earnings |
After-Market | 24th July | Ford Motor Co – Q2 Earnings |
24th July | Deutsch Bank – Q2 Earnings | |
Pre-Market | 24th July | United Parcel Service – Q2 Earnigns |
Pre-Market | 24th July | Caterpillar Inc Q2 Earnings |
After-Market | 24th July | Tesla – Q2 Earnings |
Pre-Market | 24th July | AT&T Inc – Q2 Earnings |
After-Market | 25th July | Alphabet – Q2 Earnings |
Pre-Market | 25th July | Boeing Co – Q2 Earnings |
After-Market | 25th July | Starbucks Corp – Q3 Earnings |
Pre-Market | 25th Juy | Comcast – Q2 Earnings |
07.00 BST | 25th July | Unilever – Q2 Earnings |
25th July | Telefonica | |
13.00 BST | 25th July | TOTAL SA – Q2 Earnings |
06.15 BST | 26th July | Nestle – Q2 Earnings |
Pre-Market | 26th July | McDonalds Corp – Q2 Earnings |
Pre-Market | 26th July | Twitter – Q2 Earnings |
Don’t miss the expert analysis and opinion, live-streamed direct to your platform. Here are the highlights from XRay this week.
17.00 GMT | 22nd July | Blonde Markets |
15.30 GMT | 23rd July | Asset of the Day: Bullion Billions |
19.00 GMT | 23rd July | LIVE: Trader Training |
11.45 GMT | 25th July | ECB Decision LIVE |
Watch out for the biggest events on the economic calendar this week:
From 07.15 GMT | 24th July | Eurozone flash PMIs |
13.45 GMT | 24th July | US flash manufacturing PMI |
08.00 GMT | 25th July | German IFO report |
11.45 GMT | 25th July | ECB Interest Rate Decision |
12.30 GMT | 25th July | ECB Press Conference |
12.30 GMT | 26th July | US Q2 GDP first reading |