Economic Calendar and Corporate Earnings to Watch This Week

This week's economic calendar includes releases on US leading indicator, industrial product price index, consumer confidence, and new home sales. Earnings reports from major companies like Verizon Communications, Coca-Cola, Alphabet, and Tesla are also expected. The Bank of Canada will release its business outlook survey and consumer expectations. The ECB will hold a monetary policy meeting, and PMI data will be released globally.

This week's economic calendar is packed with significant releases and earnings reports that will capture the attention of investors and financial professionals. Key events include the U.S. leading indicator, industrial product price index, consumer confidence, and new home sales. Additionally, major companies such as Verizon Communications, Coca-Cola, Alphabet, and Tesla are scheduled to report their earnings.

Economic Indicators

- U.S. Leading Indicator (July 21, 10:00 AM ET): The U.S. leading economic indicator for June is expected to provide insights into the economy's direction. This indicator, taken over by The Conference Board in 1995, includes widely quoted data such as the Consumer Confidence Index® and Leading Economic Indicators [1].

- Industrial Product Price Index (July 21, 8:30 AM ET): The Canada industrial product price index and raw materials price index will offer data on inflationary pressures and cost pressures in the manufacturing sector [3].

- Consumer Confidence (July 24, 8:30 AM ET): The Euro area consumer confidence data will be closely watched for signs of economic sentiment. The ECB will also hold a monetary policy meeting, which could influence global markets [3].

- New Home Sales (July 23, 10:00 AM ET): The U.S. existing home sales for June will provide insights into the housing market's health. Consensus is for a 0.7% decline, suggesting a cooling trend [3].

Earnings Reports

- Verizon Communications, Steel Dynamics, Domino’s Pizza (July 21): These companies will release their earnings reports, providing updates on their financial performance and strategic initiatives.

- Coca-Cola, Danaher, Philip Morris International, Texas Instruments, Lockheed Martin, Sherwin-Williams, Northrop Grumman, Canadian National Railway, General Motors, D.R. Horton, Baker Hughes, Equifax, PulteGroup (July 22): A diverse range of sectors will be represented in these earnings reports, offering investors a broad view of the economy.

- Alphabet, Tesla, IBM, AT&T, CME Group, Moody’s, General Dynamics, Chipotle Mexican Grill, CSX, Hilton Worldwide Holdings, Freeport-McMoran, Waste Connections, Suncor Energy, Whitecap Resources, Methanex, Las Vegas Sands, Rogers Communications, Wyndham Hotels & Resorts, Mattel, West Fraser Timber (July 23): These companies span various industries, from technology and energy to consumer goods and hospitality.

- Honeywell International, Intel, Union Pacific, Newmont, Nasdaq, Keurig Dr Pepper, Southwest Airlines, Nokia, Teck Resources, Weyerhaeuser, Ovintiv, American Airlines, FirstService, TransCanada, Loblaw, Cenovus Energy, TFI International, Canadian Utilities, Atco, Athabasca Oil, Mullen Group, Royal Caribbean Cruises (July 24): A mix of industrial, technology, and consumer goods companies will report their earnings, offering insights into their respective sectors.

- Newell Brands (July 25): This company will release its earnings report, providing updates on its performance in the consumer goods sector.

Conclusion

The week ahead promises a mix of critical economic indicators and significant earnings reports that will shape investor sentiment and market movements. As always, it is essential to monitor these releases closely and consider their implications for your investment strategies.

References

[1] https://www.conference-board.org/topics/economic-data-analysis
[2] https://www.marketwatch.com/economy-politics/calendar
[3] https://www.theglobeandmail.com/investing/markets/inside-the-market/article-calendar-what-investors-need-to-know-for-the-week-ahead-98/