Saxo's analyst: While the big tech names have mostly reported, earnings season remains in full gear this week. We will be watching Walt Disney, PepsiCo and Kellogg.
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Reserve Bank of Australia decision and ongoing earnings season are threads which are definitely worth a watch this week. It seems that Reserve Bank of Australia may still go for next rate hikes after tomorrow's decision. Speaking of earnings, Charu Chanana, Market Strategist at Saxo Bank, draws attention to Walt Disney, PepsiCo, Kellog and Japan's SoftBank.
FXMAG.COM: Do you expect Reserve Bank of Australia to pause hiking after February decision?
Charu Chanana (Saxo Bank): For the Reserve Bank of Australia: Inflation has continued to surge in Q4, and now with China's reopening, there is potentially some further upside possible in inflation, so keeping the door open for further rate hikes could be seen.
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We're almost past earnings of all most popular big tech companies. Do you think of any stock, which could really surprise markets next week?
Charu Chanana (Saxo Bank): While the big tech names have mostly reported, earnings season remains in full gear this week. Key to watch will be whether the momentum in consumer spending is sustained despite recession concerns picking up. We will be watching Walt Disney, PepsiCo and Kellogg. Japan's SoftBank will also be a key focus in the tech space, and investors are looking for a buyback announcement.
