Walmart, Alibaba and inflation data: The market this week

The the stock market experienced surprises and rollercoaster rides last week. After massive sales, it quickly recovered, easing the debate about a potential recession. With that, all attention is focused on upcoming economic data expected this week, which will determine the course of interest rates.

Let’s unfold it:

Big wins to watch

Investors will be watching closely next week as several major companies are set to report their quarterly results. On Tuesday, Home Depot will post its earnings announcement, providing insight into the home improvement sector. On Wednesday, Cisco Systems will share its earnings, providing a look at the performance of the technology industry.

Thursday is full of reports from retail and tech giants: Walmart will report earnings before the market opens, followed by Alibaba and H&R Block, both of which will report after the closing bell. These reports will be essential to gauge the health of various sectors and could have a significant impact on market movements.

Major economic reports from the US follow this week

This week promises a number of significant economic reports that could influence market sentiment. On Monday, the US federal budget for the month will be released, providing insight into government spending and fiscal health.

Tuesday will bring the Producer Price Index (PPI) and Core PPI, key indicators of core inflation. On Wednesday midweek, the spotlight will shift to consumer prices with the release of the Consumer Price Index (CPI) and Core CPI, both key to assessing inflationary pressures.

Thursday is packed with data, including initial jobless claims, US retail sales, industrial production and the Import Price Index, all providing a broad picture of how the economy is performing. The week ends on Friday with the release of preliminary consumer sentiment numbers and the Home Builder Confidence Index, both of which will shed light on consumer and industry outlooks on the economic outlook.