With all the exciting happenings in the market, it’s easy to forget about all the notable earnings announcements. These include the likes of AMD, Paypal, Starbucks, Fortinet and more. In this week’s roundup, we’ll be going over some of those noteworthy events that are happening this week.
- Notable Earnings: Arista, CNA and more…
- SG Bank Lending (SEP)
- EA GDP Growth Rate (Q3), EA Inflation Rate Flash (OCT)
- Notable Earnings: BP, AMD, Airbnb, Pfizer, SoFi and more…
- Indonesia Inflation rate (OCT)
- US Manufacturing PMI, US 52-Week Bill Auction
- Notable Earnings: Qualcomm, GSK, Etsy, Fortinet and more…
- EA Loans to Households (SEP), EA M3 Money Supply
- SG Manufacturing PMI (OCT)
- US Building Permits (SEP)
- Notable Earnings: Paypal, Datadog, Cloudflare, Starbucks, Twilio and more…
- Russia Unemployment Rate (SEP), EA Unemployment Rate (SEP)
- GB (Monetary Policy Report)
- Notable Earnings: Hershey, FuboTV, DraftKings and more…
- SG Retail Sales (SEP), EA PPI (SEP)
- US Unemployment rate (OCT)
1st Key Event: Key Earning Reports this week
2nd Key Event: Singapore Bank Lending (SEP) – Monday
The bank lending amount measures the total value of outstanding bank loans and advances issued to consumers and businesses. A high level of bank lending suggests a high level of demand for company loans.
In August 2022, bank loans in Singapore reached a record high of SGD 842.8 billion. This is up from a four-month low of SGD 838.0 billion in July. This is made possible by advances in financing to enterprises engaged in finance, trade, and support services.
3rd Key Event: US Manufacturing PMI – Tuesday
The Manufacturing Index evaluates the manufacturing sector’s performance in the US. This was obtained from a poll of 600 industrial businesses. The Index is based on Orders, Production, Employment, Delivery Times of Suppliers, and Stock of Purchased Items. A value above 50 denotes growth in the manufacturing sector relative to the prior month. A reading below 50 denotes contraction, and a reading of 50 denotes no change.
US Manufacturing PMI dropped from 52 in September to 49.9 in October 2022, well below market expectations of 51. This is the industry’s first decline since June 2020. Manufacturers cited the impact of rising inflation and stock building from earlier in the year as reasons for the fall. Hence, it waits to see what the Final US Manufacturing Index is.
4th Key Event: EA Unemployment Rate (SEP) – Thursday
In August 2022, the unemployment rate in the Euro Area remained at 6.6% for a second consecutive month. A year earlier, the unemployment rate was much higher at 7.5%. The European region is undergoing quite a serious economic recession right at the moment. Hence, it waits to see what the September EA Unemployment rate is.
5th Key Event: US Unemployment Rate (OCT) – Friday
The US unemployment rate decreased to 3.5% in September 2022. This matched the 29-month low reached in July and stayed below market estimates of 3.7%. This indicates that circumstances on the global job market are still tight. Hence, it waits to see what the October US Unemployment rate is.
All in all, It’s been another exciting week in the market, with plenty of notable earnings and reports to keep us busy. AMD, Paypal, Starbucks, Fortinet will all be reporting this week. There will also be plenty of other noteworthy events happening as well. Keep an eye on this space next week for more exciting earnings announcements and market news!
Disclaimer: The information provided by LearnToInvest serves as an educational piece and is not intended to be personalized investment advice. Readers should always do their own due diligence and consider their financial goals before investing in any stock.