Monday Market Must-Knows: May 22, 2023
This week’s announcements include a busy earnings calendar with 651 companies reporting, including notable names like Nvidia, Lowes, AutoZone, and Urban Outfitters. Retail companies’ earnings will be closely watched following a positive recent retail sales announcement.
Manufacturing and services data will be released starting with France, Germany, the EU and then the United States. These reports will help investors gauge the strength of various sectors. On Thursday, a preliminary GDP announcement is expected with the current reading indicating stable growth.
Lastly, the Core PCE Price Index, a crucial inflation indicator will be released on Friday. The expected reading there, although higher than the historical average, suggests a slight slowdown in inflation compared to previous years. Volatility in the market may occur if inflation surges unexpectedly.
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