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Newsquawk Week Ahead: US Earnings, US CPI, US Retail Sales, UK GDP, and China Trade
Table of Contents
Key Takeaways (30s Read)
Focus on US CPI, earnings season, and UK GDP data in the upcoming week.
US Earnings Season Insight
Next week, the US earnings season is expected to show a rise of 8.3% Y/Y in S&P 500 earnings, marking the tenth consecutive quarter of growth. This growth is led mainly by the technology sector, especially semiconductors and software, while consumer discretionary is expected to show the weakest performance.Upcoming US CPI Data
Attention should also be on the December US CPI report. Wells Fargo forecasts a 0.35% month-over-month rise in headline CPI and a 0.36% increase in core CPI, as a rebound from November's unusually low reading.UK GDP Outlook
In the UK, the focus will be on the GDP figures following a contraction of -0.1% in October, adding uncertainty to future economic forecasts.Chinese Trade Balance
China's trade balance data is also on the docket, with implications for the market. Overall, investors will need to navigate trading based on the forthcoming economic data.AI Analyst
AI Opinion
"Next week will see key US economic indicators and corporate earnings reports come to the forefront, particularly the CPI and retail sales. The anticipated recovery in CPI may influence the Federal Reserve's interest rate policy. The earnings season, led by the technology sector, suggests that investors may need to adjust their positions in response. Additionally, the weak UK GDP numbers and China's trade balance are points of concern. Overall, maintaining a neutral stance while monitoring the market is advisable."
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