The stock market experienced surprises and rollercoaster rides last week. After massive selloffs, it quickly recovered, easing the debate about a potential recession. With that, all attention is on the upcoming economic data expected this week, which will determine the course of interest rates.
Let’s unfold it:
Major earnings to watch
Investors will closely watch the upcoming week as several major companies are set to report their quarterly results. On Tuesday, Home Depot will post its earnings announcement, providing insights into the home improvement sector. On Wednesday, Cisco Systems will share its earnings, offering a glimpse into the tech industry’s performance.
Thursday is packed with reports from retail and tech giants: Walmart will post its earnings before the market opens, followed by Alibaba and H&R Block, both of which will release their results after the closing bell. These reports will be critical for gauging the health of various sectors and could significantly impact market movements.
Important U.S. economic reports due this week
This week promises a series of significant economic reports that could influence market sentiment. On Monday, the U.S. federal budget for the month will be released, providing insights into government spending and fiscal health.
Tuesday will bring the Producer Price Index (PPI) and Core PPI, key indicators of inflation at the wholesale level. Midweek, on Wednesday, the spotlight will shift to consumer prices with the release of the Consumer Price Index (CPI) and Core CPI, both critical for assessing inflation pressures.
Thursday is packed with data, including initial jobless claims, U.S. retail sales, industrial production, and the Import Price Index, all offering a broad view of the economy’s performance. The week wraps up on Friday with the release of preliminary consumer sentiment figures and the Home Builder Confidence Index, both of which will shed light on consumer and industry perspectives on the economic outlook.
