View our top seven events to look out for this week (6-10 February), plus our key company earnings schedule.
UK data and Yellen testimony preview
Chief market analyst Michael Hewson dissects what the week's UK inflation, unemployment and retail sales figures could mean for the markets, plus looks at the implications of Janet Yellen's testimony to lawmakers on the US economy and banking regulation.
Can consumer goods giant respond as pressure mounts on CEO?
Monday: Following slowing sales and its $16bn bid for baby food formula maker Mead Johnson, Reckitt Benckiser’s full-year numbers are particularly important given rising misgivings about CEO Rakesh Kapoor’s performance, which has come under scrutiny recently.
Can Rolls Royce engineer an improvement?
Tuesday: Rolls Royce’s annual figures are expected to show profit has halved to just under £700m, though a lower pound could mitigate some of that slide, as the new management looks to cut costs and boost output. Meanwhile, the engine maker has finally settled a lengthy bribery investigation, an episode that has tainted its brand.
Will T-Mobile signal further growth?
Tuesday: The US’s third-biggest mobile provider, T-Mobile, has been eating into the market share of Verizon and AT&T in recent months, using a number of video streaming promotions and unlimited data plans for families. Will Q4 paint a similar pattern of growth, or will revenue show signs of plateauing?
UK inflation set to close on Bank’s 2% target
Tuesday, Wednesday & Friday: The latest inflation, unemployment and retail data ensures another big week for sterling. Expectations are high that a combination of rising prices and slowing retail sales growth will act as a drag on economic activity in 2017.
Global inflation rates set to climb
Tuesday & Wednesday: Inflation rates have been rising across the world, and this week’s January consumer price index data from China and the US looks like reinforcing that trend, as rising energy prices exert a further squeeze on consumer incomes.
Q4 updates put US hotel sector in focus
Wednesday & Thursday: Marriott, which recently acquired Starwood Hotels, is reportedly looking to cut hundreds of staff, while Hilton is planning to revamp its Honors loyalty programme. MGM Resorts is expected to get a lift from an improved US economy, which may act as a counterweight to recent problems in its Macau operations.
Selected UK & US company earnings schedule
|Monday 13 February||Results|
|First Data (US)||Q4|
|Noble Energy (US)||Q4|
|Reckitt Benckiser (UK)||Full-year|
|Tuesday 14 February||Results|
|Devon Energy (US)||Q4|
|Express Scripts (US)||Q4|
|Martin Marietta Materials (US)||Q4|
|Molson Coors Brewing (US)||Q4|
|MoneyGram International (US)||Q4|
|Wednesday 15 February||Results|
|Analog Devices (US)||Q1|
|Applied Materials (US)||Q1|
|Avis Budget (US)||Q4|
|CF Industries (US)||Q4|
|Cisco Systems (US)||Q2|
|Hilton Worldwide (US)||Q4|
|Kraft Heinz (US)||Q4|
|Marriott International (US)||Q4|
|Och-Ziff Capital Management (US)||Q4|
|Targa Resources (US)||Q4|
|US Foods (US)||Q4|
|Thursday 16 February||Results|
|Alexion Pharmaceuticals (US)||Q4|
|Artisa Networks (US)||Q4|
|Charter Communications (US)||Q4|
|MGM Resorts (US)||Q4|
|Friday 17 February||Results|
Company announcements are subject to change. All the events listed above were correct at the time of writing.
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Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.