The Week Ahead: UK banks, Lloyds, Glaxo, Shell, BT, US tech

TL;DR

Markets faced initial concerns over the Delta variant but rebounded later in the week. Earnings reports from banks, pharmaceutical companies, tech giants, and other sectors expected.

Transcript

hello i'm richard hunter head of markets and welcome to our look ahead for the week commencing the 26th of july it was a very difficult start to the week with markets on both sides of the pond taking something of a dive on concerns of the latest delta variant uh basically impeding the economic recovery we're seeing so far however over the course of... Read More

Key Insights

• 🌐 Concerns over the Delta variant initially impacted global markets but were mitigated by bargain hunting and buying on dips.
• 🏦 Earnings reports from UK banks will offer insights into the state of the economy and potential updates on dividends.
• 🇮🇴 Pharmaceutical companies like AstraZeneca and GlaxoSmithKline will release half-year updates, along with companies like ITV, Shell, British Airways, and BT.
• 🧑‍💻 Tech giants such as Alphabet (Google), Apple, Microsoft, Facebook, and Amazon are expected to announce their earnings reports.
• 😋 Other sectors like energy (Exxon Mobil), coffee (Starbucks), fast food (McDonald's), and electric vehicles (Tesla) will also share updates.
• 👾 The pace of corporate reporting is frenetic, reflecting a busy week for earnings in various sectors.
• ✋ Investors will be closely watching the technology sector, which has shown signs of recovery, along with high expectations for earnings.

Questions & Answers

Q: How did the market respond to concerns about the Delta variant?

Initially, the market declined due to concerns about the variant's impact on economic recovery. However, it later rebounded as investors engaged in bargain hunting and buying on dips.

Q: Which companies in the UK are expected to release earnings reports?

Barclays, Lloyds, and NatWest are among the UK banks reporting half-year numbers. Additionally, ITV, Shell, and the owner of British Airways, International Consolidated Airlines, will provide updates on their financial performance.

Q: Which sectors will see earnings updates in the US market?

The technology sector, including Alphabet (Google), Apple, Microsoft, Facebook, and Amazon, is expected to announce earnings reports. Other sectors like energy (Exxon Mobil), coffee (Starbucks), fast food (McDonald's), and electric vehicles (Tesla) will also share updates.

Q: What impact could earnings reports from UK banks have on the economy?

Earnings reports from UK banks, especially those with investment banking units like NatWest and Lloyds, will offer insights into the state of the country's economy. It will indicate if people are saving or beginning to borrow, and potential dividend updates may be announced.

Summary & Key Takeaways

• Initial market decline due to concerns over the Delta variant impact on economic recovery, followed by a strong recovery thanks to bargain hunting and buying on dips.

• Earnings reports expected from UK banks, pharmaceutical companies like AstraZeneca and GlaxoSmithKline, ITV, Shell, British Airways, BT, and various tech giants including Alphabet, Apple, Microsoft, Facebook, and Amazon.