Markets.com Logo
euEnglish
LoginSign Up

Week ahead: Earnings season climax

Feb 1, 2024
3 min read
Table of Contents
  • 1. Here are the week’s key events: 
  • 2. Monday  
  • 3. Tuesday  
  • 4. Wednesday  
  • 5. Thursday  
  • 6. Friday  

Disney is catching up with Netflix

 

Here are the week’s key events: 

Earnings season on Wall Street climaxes this week with the last major run of releases; Ford, Disney and Alibaba among the companies set to report. The Reserve Bank of Australia should be sounding less hawkish after inflation declined more than expected last week. And Chinese inflation data will show whether prices are starting to rise or if deflation is still the order of the day. 

 

Monday  

The week kicks off with the Caixin services PMI from China setting the tone for the Asian session. This has been a relative bright spot in the China economic data landscape. A month ago, it recorded the 13th straight month of expansion in services activity and the strongest pace since last September. Then it’s the US turn with the ISM services PMI. This also showed economic activity in the services sector expanded in December, the 12th consecutive month of growth, albeit the rate of expansion cooled somewhat from the previous month. 

Earnings: Caterpillar (CAT), Estee Lauder (EL), McDonald’s (MCD), Palantir (PLTR) 

 

Tuesday  

Falling inflation helped the Australian equity market hit a record high last week, but what does it mean for the country’s central bank? The Reserve Bank of Australia is expected to hold firm on rates but softer inflation points to policymakers being able to look at cuts later in the year. There were substantial declines for headline and core inflation measures in the fourth quarter, with the headline CPI down to 4.1% vs 4.3% expected and the December print at 3.4% vs 3.7% anticipated. That has left markets betting on the RBA to start cutting rates sooner than they might have done. 

Earnings: Amgen (AMGN), Eli Lilly (LLY), Spotify (SPOT), Ford (F), Gilead (GILD), MicroStrategy (MSTR) 

 

Wednesday  

There is a smattering of economic data but hardly anything top-tier. German industrial production figures, a 10yr bond auction and the Bank of England’s monetary policy report hearings make for slim pickings. More on the earnings front of note – Uber flies the flag for disruptive consumer tech; we get a look at whether Disney is catching up with Netflix and the embattled Alibaba updates the market after founder Jack Ma bought more stock. 

Earnings: Alibaba (BABA), ARM Holdings (ARM), PayPal (PYPL), The Walt Disney Co (DIS), Uber Technologies (UBER) 

 

Thursday  

Chinese CPI is the main event during the Asian session. Outright deflation has dogged the Chinese economy lately – consumer prices fell 0.5% year on year in November, the steepest decline in three years as it struggled to combat slack domestic demand. Producer prices meanwhile slumped 3%, accelerating from a 2.6% drop in November and have been negative for 14 straight months. Later on, watch for the weekly unemployment claims figures from the US and a 30yr Treasury auction. 

Earnings:  Pinterest (PINS), Philip Morris (PM),  

 

Friday  

It’s a relatively quiet end to the week, though perhaps not lacking any volatility. The RBNZ statement of intent provides the only focus for the Asian session. In Europe we see the final German CPI inflation data for January and industrial production figures from Italy. In North America, there is no US data so Canadian employment figures provide some interest. 

Earnings:  PepsiCo (PEP) 


Risk Warning and Disclaimer: This article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform. Trading Contracts for Difference (CFDs) involves high leverage and significant risks. Before making any trading decisions, we recommend consulting a professional financial advisor to assess your financial situation and risk tolerance. Any trading decisions based on this article are at your own risk.

Neil Wilson
Written by
Neil Wilson
SHARE

Markets

  • Palladium - Cash

    chartpng

    --

    4.46%
  • EUR/USD

    chartpng

    --

    -0.12%
  • Cotton

    chartpng

    --

    -0.50%
  • AUD/USD

    chartpng

    --

    -0.25%
  • Santander

    chartpng

    --

    -1.87%
  • Apple.svg

    Apple

    chartpng

    --

    -0.52%
  • easyJet

    chartpng

    --

    -1.03%
  • VIXX

    chartpng

    --

    3.06%
  • Silver

    chartpng

    --

    3.53%
Tags DirectoryView all
Table of Contents
  • 1. Here are the week’s key events: 
  • 2. Monday  
  • 3. Tuesday  
  • 4. Wednesday  
  • 5. Thursday  
  • 6. Friday  

Related Articles

 Week Ahead: Inflation Data from U.S., Canada, and U.K. Take Centre Stage

The economic calendar for the week starting Monday, 14 July 2025, begins quietly, with no major releases scheduled that day. On Tuesday, 15 July, attention turns to several high-impact events

Tommy Yap|about 12 hours ago

EU-US Trade Talks: Progress, Challenges, and Future Prospects

The EU and US are seeking a preliminary trade agreement to avoid rising tariffs. This analysis reviews the latest developments and potential challenges.

Ava Grace|2 days ago

Elon Musk, Tesla Stock, and Political Ambitions: A Rocky Road Ahead?

Tesla's stock faltered following Musk's announcement of forming a new political party, raising investor concerns about his focus and intensifying competition.

Emma Rose|2 days ago
Markets.com Logo
google playapp storeweb tradertradingView

Contact Us

support@markets.com+12845680155

Markets

  • Forex
  • Shares
  • Commodities
  • Indices
  • Crypto
  • ETFs
  • Bonds

Trading

  • Trading Tools
  • Platform
  • Web Platform
  • App
  • TradingView
  • MT4
  • MT5
  • CFD Trading
  • CFD Asset List
  • Trading Info
  • Trading Conditions
  • Trading Hours
  • Trading Calculators
  • Economic Calendar

Learn

  • News
  • Trading Basics
  • Glossary
  • Webinars
  • Traders' Clinic
  • Education Centre

About

  • Why markets.com
  • Global Offering
  • Our Group
  • Careers
  • FAQs
  • Legal Pack
  • Safety Online
  • Complaints
  • Contact Support
  • Help Centre
  • Sitemap
  • Cookie Disclosure
  • Regulation
  • Awards and Media

Promo

  • Gold Festival
  • Crypto Trading
  • marketsClub
  • Welcome Bonus
  • Loyal Bonus
  • Referral Bonus

Partnership

  • Affiliation
  • IB

Follow us on

  • Facebook
  • Instagram
  • Twitter
  • Youtube
  • Linkedin
  • Threads
  • Tiktok

Listed on

  • 2023 Best Trading Platform Middle East - International Business Magazine
  • 2023 Best Trading Conditions Broker - Forexing.com
  • 2023 Most Trusted Forex Broker - Forexing.com
  • 2023 Most Transparent Broker - AllForexBonus.com
  • 2024 Best Broker for Beginners, United Kingdom - Global Brands Magazine
  • 2024 Best MT4 & MT5 Trading Platform Europe - Brands Review Magazine
  • 2024 Top Research and Education Resources Asia - Global Business and Finance Magazine
  • 2024 Leading CFD Broker Africa - Brands Review Magazine
  • 2024 Best Broker For Beginners LATAM - Global Business and Finance Magazine
  • 2024 Best Mobile Trading App MENA - Brands Review Magazine
  • 2024 Best Outstanding Value Brokerage MENA - Global Business and Finance Magazine
  • 2024 Best Broker for Customer Service MENA - Global Business and Finance Magazine
LegalLegal PackCookie DisclosureSafety Online

Payment
Methods

mastercardvisanetellerskrillwire transferzotapay
The markets.com/za/ site is operated by Markets South Africa (Pty) Ltd which is a regulated by the FSCA under license no. 46860 and licensed to operate as an Over The Counter Derivatives Provider (ODP) in terms of the Financial Markets Act no.19 of 2012. Markets South Africa (Pty) Ltd is located at BOUNDARY PLACE 18 RIVONIA ROAD, ILLOVO SANDTON, JOHANNESBURG, GAUTENG, 2196, South Africa. 

High Risk Investment Warning: Trading Foreign Exchange (Forex) and Contracts For Difference (CFDs) is highly speculative, carries a high level of risk and is not appropriate for every investor. You may sustain a loss of some or all of your invested capital, therefore, you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with trading on margin. Please read the full  Risk Disclosure Statement which gives you a more detailed explanation of the risks involved.

For privacy and data protection related complaints please contact us at privacy@markets.com. Please read our PRIVACY POLICY STATEMENT for more information on handling of personal data.

Markets.com operates through the following subsidiaries:

Safecap Investments Limited, which is regulated by the Cyprus Securities and Exchange Commission (“CySEC”) under license no. 092/08. Safecap is incorporated in the Republic of Cyprus under company number ΗΕ186196.

Finalto International Limited is registered  in the Saint Vincent and The Grenadines (“SVG”) under the revised Laws of Saint Vincent and The Grenadines 2009, with registration number  27030 BC 2023.

Close
Close

set cookie

set cookie

We use cookies to do things like offer live chat support and show you content we think you’ll be interested in. If you’re happy with the use of cookies by markets.com, click accept.