The start of UK banking results season will begin with Barclays and NatWest, as well as Standard Chartered. This continues the focus on jumbo shareholder return, which is likely to be expanded in the updates by Glencore and Centrica.
The week’s economic data includes closely watched US and UK inflation figures on Tuesday and Wednesday, respectively.
Along with consumers and companies, central bankers at the US Federal Reserve and Bank of England are concerned about inflation.
The US consumer price inflation reached a peak of 9% in June and fell to 6.4% in December. This is still well above the Fed’s target of 2%.
The UK CPI fell to 10.5% in December from 10.7% in November, and 10.1% in October. However, the BoE still wants 2%.
UK job numbers are due Tuesday. Minutes from the last Fed meeting will be published on Wednesday. Retail sales data for the US and UK will be published on Wednesday and Friday, respectively. US housing data will be released on Thursday.
MONDAY, 13 FEBRUARY
Although the UK calendar begins the week with barely any whispers, Wall Street stock-takers will still have plenty of things to watch, including Peter Thiel’s Palantir Technologies Inc. (NYSE: PLTR)
The stock plummeted after it was revealed that Europe’s countries were less likely to use its data processing software. Revenue was up, but earnings barely escaped sinking into the red.
Palantir, one of few tech companies that still hires and doesn’t fire employees late last year, achieved US$503-505mln in fourth-quarter revenue.
Important announcements to be made Monday
AGMs: Cellular Goods PLC (LSE: CBX)
US earnings Monday Arista Networks and Checkpoint Software, Lattice Semiconductor, (NASDAQ: LSCC), Palantir Technologies
TUESDAY, 14 FEBRUARY
TUI AG (LSE: TUI) will present a first-quarter update. This follows up on a positive final results statement from December.
All segments of the business have returned to profit for the first time since the pandemic. analysts stated that investors will continue to monitor this trend along with any confirmations of the company’s debt and pandemic state assistance it must repay.
Coca-Cola, HBC will report in London, while Coca-Cola Co will report in New York.
The US beverage giant has performed well in recent months, according to analyst Aarin Chiekrie of Hargreaves Lansdown.
The group increased its full-year guidance last quarter and now expects organic revenue growth of 14-15% instead of 12-13%.
Important announcements to be made on Tuesday
Trading Updates: TUI AG PLC
Finals: Carrs Group PLC, Coca-Cola HBC AG, Plus500 Ltd (LSE: PLUS)
AGMs: Dewhurst (AIM: DWHT) Group PLC, TUI AG PLC
Economic announcements: Claimant Count rate (UK), Unemployment rate (UK), Consumer Price Index(US)
US earnings Tuesday Coca-Cola, Amazon (NASDAQ: ABNB), Upstart Holdings
WEDNESDAY, 15 FEBRUARY
Midweek is the start of our FTSE 100 Banking Season with Barclays PLC.
The banking sector’s focus will be on shareholder return and possible windfall taxes. However, analysts at the blue-eagle banks said was the most difficult to forecast for the week ahead due to its investment bank.
Glencore PLC (LSE: GLEN), a Swiss-based commodities colossus, adds interest to income hunters. The Swiss-based commodities colossus offers “superior cash return” compared to its peers. However, there are concerns about its coal exposure.
We will hear from Dunelm Group PLC, LSE: DNLM), for an update on the UK’s squeezed consumers.
It has demonstrated resilience in the face of cost-of-living headwinds. analysts believe investors will be interested in updates on the second-half guidance and the cost situation. They also expect to see an increase in price increases and the ability to pass on the costs.
Important announcements to be made on Wednesday
Trading updates: DCC PLC (LSE: DCC)
Interims: Hargreaves Lansdown PLC, Dunelm Group PLC (LSE: HL), Pan African Resources
Finals: Barclays PLC and Glencore PLC
AGMs: Blencowe Resources PLC (LSE: BRES), GCP Infrastructure Investments Ltd
Economic announcements: Consumer Price Index UK, Producer Price Index UK, Retail Price Index UK), MBA Mortgage Applications US), Retail Sales (US), Retail Sales Less Autos US), Business Inventories US), Crude Oil Inventories US), FOMC Interest Rate Minutes US
US earnings Wednesday Analog Devices and Barrick Gold, The Kraft Heinz Co. (NASDAQ: KHC), Shopify, The Trade Desk Cisco Systems, QuantumScape Roku Inc. (NASDAQ: ROKU), Twilio Roblox, Marathon Oil. CF Industries
THURSDAY, 16 FEBRUARY
On Thursday, the banking focus shifts to Asia with Standard Chartered PLC(LSE: STAN), shares at their best since 2018, despite a reported approach by a purported suitor.
The market wants confirmation that the punchy predictions are still valid, and possibly some details about China’s recent opening.
We are also due to Centrica PLC’s annual results (LSE: CNA). This continues the theme of high cash levels increasing investor expectations of rich returns.
Important announcements to be made on Thursday
Trading updates: Supermarket Income REIT PLC (LSE: SUPR, OTC: SUPIF)
Interims MJ Gleeson(LSE: GLE) , Standard Chartered PLC
Finals: Centrica PLC, Harbourvest Global Private Equity, Moneysupermarket.com (LSE: MONY), RELX PLC (LSE: REL)
AGMs – Benchmarks Holdings PLC and Supermarket Income REIT PLC. Tertiary Minerals PLC (AIM: TYM)
Economic announcements Building Permits (US), Continuous Claims (US), Housing Starts, Housing Starts, Initial Jobless Claims(US), Philadelphia Fed Index (US0, Producer Price Index (US), Capacity Utilisation and Industrial Production (US),
US earnings Thursday Applied Materials, Agnico Falcon, DoorDash Hasbro, (NASDAQ: HAS), Yamana Gold (TSX, LSE: AUY),
FRIDAY 17 FEBRUARY
NatWest Group PLC, (LSE: NWG) is back in the Friday spotlight with investors looking for news on big returns.
The former RBS, along with Lloyds, is expected to pay cash in excess of 40% of their market caps over the next few years. This is due in large part to the building up of reserves in the pandemic as well as the recent rise in profitability in the sector from higher interest rates.
NatWest also made headlines after Alison Rose, boss of NatWest said that she was not too busy to attend a parliamentary grilling to find out why UK banks are not passing on the rise in interest rates to savers.
Important announcements to be made on Friday
Finals Allianz Technology Trust PLC (LSE: ATT ), NatWest Group PLC Segro PLC
AGMs: Sunrise Resources PLC (AIM: SRES)
Economic announcements Retail Sales (UK), Import & Export Price Indices (US).
US earnings Friday Deere, Liberty Broadband
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