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Financial outlook: February 19-23

Financial outlook: February 19-23

(London time)

Monday, February 19

The start of the week, Monday, appears rather subdued when it comes to significant macroeconomic data. Moreover, in the United States, stock markets will remain closed in observance of Presidents' Day – a national holiday celebrated by Americans.

On the corporate front, attention will be on the financial results of domestic market players, with Photon Energy and EkoExport slated to present their performance.

Tuesday, February 20

From a global standpoint, market watchers will keenly await updates from China regarding the decision of its central bank on the annual loan prime rate (LPR), which has remained steady at 3.45 percent since August of the previous year.

Meanwhile, the European Central Bank (ECB) will publish data on December current account balances, while Canadians will provide insights into January's inflation figures. Additionally, attention will turn to the release of the Conference Board's Leading Economic Index in the United States at 5 p.m.

Following a day of hiatus, American traders will return to the markets, where the financial performance of retail giants Walmart and Home Depot will be closely scrutinized for insights into the state of the American consumer at the close of the preceding year.

From Europe, eyes will be on Barclays – the British financial behemoth.

Wednesday, February 21

Wednesday brings a flurry of data releases, starting with updates on Japan's trade balance.

Later in the day, at 7 p.m., the minutes of the Federal Open Market Committee (FOMC) meeting will be made public. However, the spotlight is likely to be on Nvidia, currently the fourth most valuable company globally, as it unveils its financial report.

The market will be eagerly watching for any signs of demand-driven reactions, which could potentially propel Nvidia's market capitalization beyond the 2 trillion-dollar mark, a feat achieved thus far only by three other entities worldwide: Microsoft, Apple, and Aramco.

Furthermore, investors will be tracking the performance of other notable companies such as banking giant HSBC, mining powerhouse Rio Tinto, and defense stalwart BAE Systems.

Thursday, February 22

Thursday's agenda includes the publication of January inflation indicators across EU countries by Eurostat, along with interest rate decisions by the Turks.

Moreover, it will be a crucial day for February's PMI (Purchasing Managers' Index) readings from major economies. The day will commence with Japan's data release at 8:15 a.m., followed by France at 8:30 a.m., Germany at 8:30 a.m., and aggregated data for the entire eurozone at 9:00 a.m. Subsequently, Britain will present its data at 9:30 a.m., followed by the United States in the afternoon, which will also include data on initial jobless claims.

Additionally, Eurostat will unveil data on core inflation in the euro area for January, while the ECB will release minutes from its January meeting, where interest rates were held steady.

Across global markets, investors will be eyeing results from South American e-commerce giant Mercado Libre, alongside Booking, Moderna, and Danone.

Friday, February 23

Friday brings a notable development as Japan celebrates the Emperor's Birthday, resulting in a day off for both work and stock market activities in the country. Investors will focus on Germany's IFO index for February, which serves as a key indicator of business sentiment, along with a report on Germany's GDP for the fourth quarter.

Companies expected to release results on Friday include Warner Bros and Standard Chartered, among others.



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