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The week ahead for investors November 13, 2023

by 13. Nov 2023 @ 9:47News, The week ahead

Snapshot: The Upcoming Week’s Financial Highlights

A busy week awaits in the financial markets with key retail earnings, crucial economic data, and a potential government shutdown looming.

 

Key Takeaways

  • Major retail players like Walmart, Target, Home Depot, and Macy’s are set to report earnings, providing insights into consumer spending.
  • The Census Bureau will release October’s national retail sales data on Wednesday, a critical indicator of economic momentum.
  • Key inflation figures to be released include the Consumer Price Index on Tuesday and the Producer Price Index on Wednesday.
  • The housing market will be in focus with the release of housing starts and the NAHB Housing Market Index for November.
  • The deadline to avert a government shutdown is approaching on Friday, Nov. 17.

1. Retail Earnings and Sales Outlook

Next week is crucial for retail sector earnings, with reports from Walmart, Target, Home Depot, and Macy’s. These results could further illuminate the strength of consumer spending seen in the third quarter. Additionally, the Census Bureau’s data on October’s national retail sales, set for release on Wednesday, will indicate if this spending trend has persisted into the fourth quarter.

2. Inflation Reports

Inflation updates are due, starting with the Consumer Price Index on Tuesday. Expected to show a modest increase, these figures are pivotal in understanding the current economic climate. Following this, Wednesday brings the Producer Price Index, offering a perspective on inflation from the viewpoint of businesses.

3. Housing Market Data

Important updates from the housing sector are expected, including last month’s housing starts and the NAHB’s Housing Market Index for November. These data points will shed light on the current state of the housing market.

4. Potential Government Shutdown

With the deadline to fund the federal government approaching on Friday, a government shutdown could be imminent. Such a shutdown could have significant implications for federal workers and the broader U.S. economy.

Week of Nov. 13 Detailed Schedule

Monday, November 13: Earnings from Mizuho Financial Group, Tyson Foods, and others. The New York Fed Consumer Inflation Expectations report.

Tuesday, November 14: Earnings from The Home Depot, Uber Technologies, and others. The release of the Consumer Price Index.

Wednesday, November 15: Earnings from Cisco Systems, Target, and others. The Producer Price Index and Retail Sales data release.

Thursday, November 16: Earnings from Walmart, Alibaba Group, and others. Reports on Industrial Production and the NAHB Housing Market Index.

Friday, November 17: Earnings from BJ’s Wholesale Club. The deadline for government funding and housing starts data.

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