Written Commentary
Written by Marc Ostwald, ADMISI’s Global Strategist & Chief Economist
The Week Ahead :
All eyes still on volatile and frequently ambiguous political rhetoric on Persian Gulf; Red Sea and Black Sea tensions also in view, along with AI/tech sector paced equity volatility.
- Fed speakers plentiful as markets take sceptical view on Warsh leadership.
- Very typical first week of month data schedule: US labour indicators (Payrolls, JOLTS, ADP, Challenger Layoffs) front and centre; PMIs get the week under way; German Orders, Production and Trade; China Trade; Japan Wages & Household Spending.
- Latest heatwaves in Europe taking heavy toll via wildfires; low water levels on major rivers hitting transport, nuclear power and tourism; Americas and Asia also seeing extreme weather events.
- SpaceX, AMD, Infineon, Softbank, Western Digital headline tech earnings
BP, Eneos, Inpex, Marathon, Occidental, Petrobras, Phillips 66 feature in energy sector - Also see this discussion on oil, shipping and economic outlook from Al Jazeera: “Is the world at risk of another energy shock? | Counting the Cost”
There are 136 S&P 500 companies reporting this week, with worldwide corporate earnings highlights as compiled by Bloomberg News likely to include: Acwa Power, ADM, Advanced Info Service, Ahold Delhaize, AMD, Aflac, Airbnb, Ajinomoto, Allianz, Allstate, AIG, Ametek, Amgen, AMP, Amrize, Apollo Global Management, AppLovin, Aramco, Arista Networks, Asahi Group, Aselsan Elektronik Sanayi Ve Ticaret, Astera Labs, ATI, Atmos Energy, Axia Energia, Axon Enterprise, Banca Monte dei Paschi di Siena, Banco BPM, Banco Bradesco, Bayer, Becton Dickinson, BeOne Medicines, Bharti Airtel, Block, Booking, BP, Bper Banca, Bridgestone, Cambricon Technologies, Canadian Natural Resources, Caterpillar, Cathay Pacific, Cencora, Cheniere Energy, Cheniere Energy Partners, China Mobile, Cloudflare, Coca-Cola Europacific Partners, Commerzbank, ConocoPhillips, Consolidated Edison, Constellation Energy, Coupang, Cummins, Curtiss-Wright, CVS Health, Daiichi Life, Daikin Industries, Daimler Truck, Daiwa Securities, Datadog, DBS Group, Deutsche Post, Deutsche Telekom, Devon Energy, Diageo, Diamondback Energy, DoorDash, Duke Energy, EBay, Ecopetrol, Eli Lilly, Emerson Electric, EnBW Energie Baden-Wuerttemberg, Energy Transfer, EOG Resources, Expedia, Fiserv, Fresenius SE, Fresnillo, Fujifilm, Fujikura, Generali, Gilead Sciences, Glencore, Globalfoundries, Grab, Heineken, Henkel, Honda Motor, Honeywell Aerospace, Howmet Aerospace, HSBC, Ibiden, Idexx Laboratories, Infineon Technologies, Inpex, International Container Terminal Services, Iron Mountain, Itau Unibanco, Itochu, Japan Airlines, Japan Post, Japan Post Bank, KBC Group, KDDI, Kenvue, Keurig Dr Pepper, Kimberly-Clark, Kraft Heinz, Lasertec, Manulife Financial, Marathon Petroleum, Marriott International, Marubeni, Mazda Motor, McDonald’s, McKesson, Mediobanca, Medline, MercadoLibre, Merck, MetLife, Mitsubishi, Mitsubishi Estate, Mitsubishi Heavy, Mitsubishi UFJ Financial Group, Mitsui, Mitsui Fudosan, Motorola Solutions, MPLX, Munich Re, Nikon, Nintendo, Nippon Steel, Nissan, Novo Nordisk, NRG Energy, NTT, Nutrien, Occidental Petroleum, Olympus, On Semiconductor, Oneok, Orix, Orlen, OTP Bank Nyrt, OCBC, Palantir Technologies, Parker-Hannifin, Petrobras, Pfizer, Phillips 66, PPL, Prudential Financial, Public Service Enterprise, Qnity Electronics, Realty Income, Recruit, Republic Services, ResMed, Restaurant Brands International, Rheinmetall, Rocket, Rockwell Automation, Roivant Sciences, Royalty Pharma, Sandisk, Sandoz, Sempra, Shopify, Siemens, Siemens Energy, SMC, SoftBank, SoftBank Group, SpaceX aka Space Exploration Technologies, Spotify Technology, Sun Life Financial, Suncor Energy, Suntory Beverage & Food, Swiss Re, Swisscom, Sysco, Take-Two Interactive Software, Targa Resources, Techtronic, Tenaris, Texas Pacific Land, Thomson Reuters, Titan, Tko Group, Tower Semiconductor, Toyota Motor, TransDigm, Twilio, Uber Technologies, United Overseas Bank, Vertex Pharmaceuticals, Vistra, Walt Disney, Warner Bros Discovery, Waters, Western Digital, Wheaton Precious Metals, Williams, WuXi AppTec, WW Grainger, Yamaha Motor, Zoetis, Zurich Insurance.
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