View the top 7 stories to watch (9-15 May 2016) and our key company earnings schedule.
Is UK growth set for another downgrade?
Recent weak Q1 data means even the Bank of England’s revised 2.2% GDP projection for 2016 could now be looking optimistic, as the Bank meets to discuss its May inflation report on Thursday.
6 other events to look out for this week
1. TUE 10 MAY
Will easyJet’s wings be clipped?
Airline profits are flying high but reduced passenger demand after the Belgium terrorist attack and a rebound in fuel costs could see a more cautious outlook from easyJet.
2. TUE 10 MAY
The force remains strong with Disney
Star Wars merchandise should keep on printing money for Disney ahead of the December release of Rogue One, but worries over cable TV revenues could overshadow Q1 results.
3. THU 12 MAY
TalkTalk aims to keep customers in range
Last October’s infamous data breach will weigh on TalkTalk’s full-year earnings, but shares have stabilised on hopes low prices will keep its broadband customers loyal.
4. FRI 13 MAY
Is the EU growing fast than the UK and US?
Friday’s flash EU numbers are expected to confirm a 0.6% rise in Q1 GDP, helped by a decent performance from the German economy, which is also expected to see a 0.6% gain.
5. FRI 13 MAY
How is an underperforming US retail sector responding?
The beleaguered US consumer is in focus with retailers including Macy’s (Wed), Kohl’s (Thu) and JC Penney (Fri) all reporting Q1 earnings before Friday’s retail sales data.
6. SAT 14 MAY
Will upbeat Q1 data prove a false dawn for China?
Inflation, retail sales and industrial production data could well reinforce a softer economic narrative, as suggested by recent manufacturing PMI data.
Selected company earnings (9-13 May)
|Monday 9 May||Results|
|Hertz Global Holdings (US)||Q1|
|Horizon Pharma (US)||Q1|
|ITE Group (UK)||Half-year|
|Liberty Media (US)||Q1|
|Oasis Petroleum (US)||Q1|
|ON Semiconductor (US)||Q1|
|Starwood Property Trust (US)||Q1|
|Tyson Foods (US)||Q2|
|Tuesday 10 May||Results|
|Talen Energy (US)||Q1|
|Walt Disney Co (US)||Q2|
|Wednesday 11 May||Results|
|Arrow Global Group (UK)||Q1|
|Compass Group (UK)||Half-year|
|Vertu Motors (UK)||Full-year|
|Thursday 12 May||Results|
|Kohl's Corp (US)||Q1|
|Nordstrom Inc (US)||Q1|
|NVIDIA Corp (US)||Q1|
|Ralph Lauren (US)||Q4|
|Shake Shack (US)||Q1|
|Stobart Group (UK)||Full-year|
|Symantec Corp (US)||Q4|
|TalkTalk Telecom Group (UK)||Full-year|
|Friday 13 May||Results|
|JC Penney Co (US)||Q1|
Company announcements are subject to change. All the events listed above were correct at the time of writing.
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