Weekly outlook: results from HSBC, Barclays and Berkshire Hathaway

monday february 21

  • – Annual results of Dechra Pharmaceuticals, Go-Ahead Group and Finsbury food
  • – Flash Manufacturing Purchasing Managers Indices (PMI) in Asia, Europe and UK
  • – Rightmove UK house price index
  • – In the United States, the quarterly results of Berkshire Hathaway

tuesday february 22

  • – Annual results of HSBC, Antofagasta, InterContinental Hotels, Smith & Nephew and Coca-Cola HBC
  • – UK government borrowing figures
  • – Belgian economic survey Courbe Syntétique
  • – US Flash Manufacturing Purchasing Managers Index (PMI)
  • – In Africa, the quarterly results of AngloGold Ashanti
  • – In Europe, the quarterly results of Fresenius and Endesa
  • – In the United States, the quarterly results of Home Depot, Caesar’s Entertainment and Macy’s

Wednesday February 23

  • – Annual results of Barclays, Rio Tinto and Aston Martin Lagonde
  • – Half-year results of Clinigene and UNITE
  • – Commercial statement of Ted Baker
  • – Reserve Bank of New Zealand monetary policy decision
  • – German Ifo economic survey
  • – EU inflation figures
  • – In Europe, the quarterly results of Rosneft, Danone, Stellantis, Uniper and Puma
  • – In the United States, the quarterly results of HP, eBay and Hertz

Barclays’ annual results mark the debut of chief executive CS Venkatakrishnan, who took over on November 1 “after the fall of Jes Staley”, said AJ Bell chief investment officer Russ Mold and financial analyst Danni Hewson. .

“No doubt Barclays will be looking to put behind its (bad) habit of firing (or losing) CEOs when it releases its 2021 results.

“At least the share price looks relatively stable, as it is higher today than the day of Mr. Staley’s sudden departure and is up about 40% year-over-year” , Mold and Hewson said.

They attribute the improvement to the UK’s economic recovery, which helped Barclays reverse some of the loan losses it suffered in 2020 and boost profits and higher interest rates, which is good for bank profit margins. On top of that, high levels of IPO and M&A activity should help Barclays’ investment bank cash in.

“As a result of these trends, analysts are looking for a pre-tax profit of £8.1 billion for the full year 2021. This compares to £3.1 billion in 2020 and would exceed the peak of £7.1 billion. sterling reached before the financial crisis in 2006,” Mold and Hewson said.

“It also implies a profit for the fourth quarter alone of just under £1.2bn, the lowest quarter of the year, although this is relatively normal for banks as they tend to clean up and to empty their books in the last three-month period. Even then, this is a big step up from the fourth quarter 2020 result of £646m.”

Thursday February 24

  • – Annual results of BAE Systems, Rolls-Royce, WPP, Lloyds, Grafton, Metro Bank, Centrica, Derwent London and Howden Joinery
  • – Half-year results of Hay
  • – US GDP growth in the fourth quarter
  • – Sales of new homes in the United States
  • – US Oil Inventory Data
  • – In Asia, the quarterly results of APAC Budweiser Brewery and Hong Kong Stock Exchanges, Baidu and Airlines to Singapore
  • – In Europe, the quarterly results of AB InBev, Deutsche Telekom, Daimler and Moncler
  • – In the United States, the quarterly results of Moderna, VMWare, Newmont Mining, Dell, Hormel Foods and Norwegian cruise line

Friday February 25

  • – Annual results of Rightmove, International Consolidated Airlines, Evraz and Pearson
  • – Commercial statement of Babcock
  • – Japanese inflation figures
  • – German and French GDP figures
  • – Personal consumption expenditure (PCE) price index in the United States
  • – US Durable Goods Orders
  • – In Europe, the quarterly results of BASF
  • – In the United States, the quarterly results of Broadband Freedom and Formula 1

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