Look ahead: Walmart; BT Group; Siemens; Japan Q1 GDP growth rate; Australia jobless rate
One of the biggest names in US retail, Walmart, reports in a week when retail sales for April came in flat and Home Depot’s number signalled its customers were still cautious about spending.
BT Group, Siemens and easyJet report earnings. Plus, economic data points of note include US industrial output, Japan Q1 GDP growth rate, and Australia’s latest jobless rate reading.
(AI Video Summary)
Japan's Q1 GDP growth
Angeline Ong discusses key financial events and expectations affecting global markets, focusing on Q1 GDP growth in Japan, Australian unemployment rates, and CPI figures influencing the US dollar. US consumer price inflation appears less severe than expected, potentially easing pressure on the Fed's rate decisions. Attention is drawn to the Australian dollar's reaction to CPI numbers and the US dollar's movement.
Economic data and earnings reports
Upcoming US economic data, UK earnings reports from BT Group and easyJet, and European corporate earnings, are highlighted. Special mention is made of easyJet and the broader airline industry's challenges, alongside a note on Walmart's earnings as part of the consumer sector's performance indicators.
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