No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - On Friday, London-listed luxury fashion brand Burberry will publish first-quarter results.
Bloomberg consensus is for retail sales of 454.9m. Retail revenue is expected to have risen 4.72% at constant exchange rates, while retail comparable sales are estimated to have ticked up 5.22%.
Bloomberg consensus is for Greater China comparable sales to be up 9.98%, Asia Pacific up 6.66% and Americas up 9.73%. EMEIA comparable sales are estimated to have declined 2.33%.
On the macroeconomic calenda, eurozone inflation figures for June are due at 1000 BST, while in the US, June housing starts are out at 1330 BST and the preliminary Michigan consumer sentiment index for July is out at 1500 BST.
Commenting on eurozone inflation, Michael Hewson at MCH Market Insights said it has become increasingly apparent that the recent ECB rate hike may well have been a mistake, after the latest flash CPI numbers for June showed that headline inflation slowed to 2.8%, from 3.2% in May.
He noted that core inflation also slowed sharply, dipping back to 2.4% from 2.6%.
"The sharp decline in crude oil prices has helped in this regard, while we've also seen evidence of slowing food inflation. It's not as if the ECB wasn't warned that they were being premature, and it's not as if they haven't been caught out before by moving too early.
"Sadly, it would appear that the ECB, rather than learning from past mistakes, seems to believe in the idea that this time will be different. Embarrassingly for them the likes of Lagarde and the rest of the council may well be forced to reverse course in the next few months as growth and economic activity continues to struggle."
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.