Look ahead: JOLTS, UK retail sales; British American Tobacco; Hewlett Packard Enterprise
This week is filled with US labour data including the latest JOLTS job openings print ahead of Friday’s NFP. UK retail sales come in a week when two central bank meetings could move the euro and Canadian dollar.
British American Tobacco and Ferguson report earnings. Plus, Hewlett Packard Enterprise is expected to show a fall in quarterly revenue.
(AI Video Summary)
BRC's May retail sales monitor report
In the financial "Look ahead" to Tuesday, 4 June, Angeline Ong covers the anticipation of the British Retail Consortium's May retail sales monitor report projected at 2.8% year-on-year, focusing on the EUR/USD. Main concerns revolve around the ongoing impacts of the UK's cost-of-living crisis affecting investors, retailers, and consumers.
Significant financial occurrences include the expected European Central Bank's interest rate cut, with 57 basis points worth of easing this year, contrasted with the Bank of England's expected 33 basis points.
US labour market data and earnings reports
In the US, Ong focuses on the JOLTS job openings, factory orders and API crude oil inventories.
Upcoming corporate earnings in the UK include British American Tobacco and Ferguson, and US earnings include Hewlett Packard Enterprise's Q2 earnings. Ong puts focus on HP's struggles amid a declining revenue forecast and legal disputes. Key metadata shows increased market volatility and investor anticipation around these events.
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