This week’s key international financial events include: US retail giants, Chinese stocks’ earnings reports, the minutes of the Federal Reserve’s July meeting, China’s urban fixed asset investment, total retail sales of consumer goods, US retail sales and housing market and many other economic data, Japan’s second quarter GDP, New Zealand central bank interest rate decision, etc.
This week’s trading notes (0815-0819)
1. Retail stocks and Chinese concept stocks release financial reports
Walmart (WMT-US),The Home Depot(HD-US), Lowe’s (LOW-US), Target Department Store (TGT-US) and Kohl’s (KSS-US) and other U.S. retailers will report earnings this week.
According to consensus estimates, Walmart’s second-quarter revenue was $1,497, and earnings per share (EPS) were $1.6; Home Depot’s revenue was $43.33 billion, and EPS was $4.93; Lowe’s revenue was $28.17 billion, and EPS was $4.93. $4.59; Target Department Store revenue of $26.1 billion and EPS of $0.72; Kohl’s revenue of $39.1 billion and EPS of $1.12.
Network equipment manufacturer Cisco (CSCO-US) will also report earnings after the US stock market closed on Wednesday (17th). According to market estimates, the revenue in the last quarter will reach 12.78 billion US dollars, and the EPS will be 0.82 US dollars; Analog Devices (ADI-US) and materials from major chip equipment manufacturers (AMAT-US) will announce earnings before the U.S. stock market on Wednesday and after the U.S. stock market on Thursday (18th).
Some Chinese concept stocks will also announce the performance of the last quarter this week, including Tencent (TCEHY-US), Ideal Auto (LI-US), NetEase (NTES-US), Vipshop (VIPS-US) and Xiaomi Group.
2. Minutes of the July meeting of the Federal Reserve (Fed)
The latest U.S. data last week showed signs of cooling inflation, undermining bets that the Federal Reserve will raise interest rates by 3 yards in September, while minutes from last month’s meeting will help investors clarify policymakers’ policy direction in September.
That said, markets expect the July minutes to be unlikely to add anything new to the rate hike debate, though once the minutes reflect that, most FOMC officials are still leaning toward “frontloading” ahead of schedule. , it may push up the probability of a rate hike of 3 yards.
3. U.S. retail sales, housing market and other economic data
After last month’s consumer price index (CPI) and other inflation data slowed down, the market focus slowly turned to economic momentum. The housing market is one of the most closely watched economic indicators. On Tuesday (16th), the US stock market will announce the start of new US housing before the market opens. And building permits, existing home sales data will be released shortly after the US stock market opens on Thursday (18th), and the market is expected to show a downward trend.
Other US economic data this week include industrial production, jobless claims last week, the New York Fed and Philadelphia Fed manufacturing indices, but the main focus will be Wednesday’s retail sales data. Market expectations are that US retail sales may slow sharply in July, with monthly growth estimated to shrink to 0.1% from 1% in June.