Live Chat

Trade tick tock

The clock is ticking on getting a ‘phase one’ trade deal agreed in time for Christmas. This weekend coming was supposed to see the US and Chinese leaders meet in Chile and sign an agreement. Any meeting between the two has been pushed back to December, but there has been progress. Stay sharp for daily trade headlines.

Powell testimony

All eyes on the Fed again as chair Jerome Powell will discuss the economic outlook before the Joint Economic Committee of Congress on Wednesday. It comes after the Fed’s third rate cut this year and a signal that it is pausing the easing cycle. Also watch for the US CPI inflation readings the same day.

Walmart earnings

Shares in Walmart have been on a tear this year and there are more signs it’s actually pulling ahead of Amazon. A recent survey from First Insight showed a majority (55%) of US consumers said they prefer to shop at Walmart versus Amazon, up from about 47% a year earlier. The prior quarter earnings were very strong, beating on both top and bottom line. US sales rose for the 20th consecutive quarter. Q3 numbers are due at 11:00 GMT on Thursday.

UK data

A batch of UK data is crossing this week, providing traders with a clearer picture of the state of the economy as we enter the year-end. GDP and manufacturing numbers (Monday) are followed by unemployment and earnings figures (Tuesday), CPI inflation data (Wednesday), and retail sales (Thursday).

RBNZ

The Reserve Bank of New Zealand is expected to cut interest rates when it convenes on Wednesday. Analysts at ANZ say the central bank will cut the OCR to 0.75% from 1% and leave room for further cuts in the future. Westpac says the RBNZ will not cut rates, but the recent rise in unemployment from 3.9% to 4.2% may warrant additional stimulus.

Corporate diary

11 Nov William Hill – trading update

12 Nov Aggreko – trading update

12 Nov Deutsche Post-DHL – Q3 results

12 Nov – Enel – Q3 results

12 Nov – Infineon Technologies – FY results

12 Nov – Linde plc – Q3 results

12 Nov – Vodafone – H1 results

13 Nov – ABN Amro – Q3 results

13 Nov – British Land – H1 results

13 Nov – SSE – H1 results

13 Nov – TalkTalk – H1 results

14-Nov – Walmart – Q3 earnings

14 Nov – Bouygues – Q3 results

14 Nov – Burberry – H1 results

14 Nov – Merck KGaA – Q3 results

14 Nov – National Grid – H1 results

14 Nov – Premier Oil – trading update

15 Nov – Vivendi – Q3 results

சமீபத்திய செய்திகள்

வியாழன், 26 டிசம்பர் 2024

Indices

Nikkei 225 up 1.39%: Japanese Stocks Rise Following Yen's Continued Weakness

புதன், 25 டிசம்பர் 2024

Indices

Asian stock market today: most Asian stocks rise amid thin holiday trading

புதன், 25 டிசம்பர் 2024

Indices

Stock market today: Nasdaq, S&P 500, Dow surge ahead of Christmas break

திங்கள், 23 டிசம்பர் 2024

Indices

SPOT stock price: Spotify stock reaches all-time highs

Live Chat