The Week Ahead: US jobs, Sainsbury’s, AB Foods

TL;DR

Markets remain flat as concerns over a second wave of COVID-19 and interstate quarantines impact sentiment.

Transcript

hello I'm Richard hunter head of markets and welcome to our look ahead for the week commenced in the 29th of June it's been a fairly turbulent week but markets have ended up fairly flat we're pretty much where we were this time last week obviously it's still pretty about Co vid 19 related there had been fears of a second wave and outbreaks in the l... Read More

Key Insights

• 👋 Concerns over a second wave of COVID-19 have kept markets flat.
• 🪜 Interstate quarantines have added to the uncertainty surrounding economic recovery.
• 👀 The US non-farm payroll figures will be closely watched for insights into the economic situation.
• 🇮🇴 Sainsbury's and Associated British Foods will provide updates on their performance during the pandemic.
• 🏪 Primark's progress in reopening stores will be a focus for Associated British Foods.
• 🍰 The US will have a shorter trading week due to the Independence Day holiday on July 3rd.
• 🎭 Technology stocks, such as the NASDAQ, continue to perform well.

Questions & Answers

Q: How have concerns over a second wave of COVID-19 affected market sentiment?

Concerns over a second wave of COVID-19 and outbreaks in states like Florida and Texas have impacted market sentiment. People coming from these states have been required to quarantine, adding to the uncertainty surrounding economic recovery.

Q: What impact have interstate quarantines had on market sentiment?

Interstate quarantines, such as the one imposed by New York on travelers from other states, have had an impact on market sentiment. This additional quarantine requirement has added to concerns about the economic recovery and has kept the markets flat.

Q: What will be the focus of the upcoming company updates?

The upcoming company updates will focus on Sainsbury's and Associated British Foods. Sainsbury's will release its first quarter trading statement, indicating how they have fared during the pandemic. Associated British Foods will provide a trading update specifically focusing on Primark's progress in reopening stores.

Q: What can we expect from the US non-farm payroll figures?

The US non-farm payroll figures will be released on Thursday and will provide insight into the state of the US economy. It will be interesting to see if there are any indications of economic progress or setbacks in light of the COVID-19 situation.

Summary & Key Takeaways

• Markets ended the week flat, with concerns over a second wave of COVID-19 impacting economic recovery.

• Outbreaks in Florida, Texas, and other states, as well as interstate quarantines, have raised concerns about the pace of the economic recovery.

• The US will have a four-day week, with the non-farm payroll figures releasing on Thursday, providing insight into the state of the US economy.