As companies continue to update investors on their earnings, US inflation is currently on the decline.
As a result of the interest rise, will other countries see the same sort of decline, or is this positive change unique to the US!
Walmart Inc.
Walmart Inc. is set to announce earnings before the market opens on August 16, 2022.
The report will cover the fiscal quarter that ends in July 2022. According to analyst estimates, the consensus EPS expectation for the quarter is $1.6, representing a 10.11% year-over-year decrease.
Home Depot, Inc. (The)
Home Depot, Inc. (The) is likely to announce earnings before the market opens on August 16, 2022. The report will cover the fiscal quarter that ends in July 2022.
Analysts predict that the consensus EPS for the quarter will be $4.95 on revenue of $43.37 billion.
This is compared to earnings of $4.53 per share on revenue of $41.12 billion in the previous quarter.
Amcor plc
Amcor plc is expected to announce earnings after the market close on August 17, 2022.
The report will cover the fiscal quarter that ends in June 2022. The consensus EPS projection for the quarter is $0.24, according to investment analysts. Last year, the reported EPS for the same quarter was $0.23.
Week’s Outlook: US Inflation and RBA Rate Hike
The positive news this week was the unexpected drop in inflation in the United States. The consumer price index (CPI) held steady from the previous month, while the producer price index (PPI) fell.
The market is interested in knowing if this trend will continue and how quickly inflation will return to within the Fed’s target range.
The Reserve Bank of Australia (RBA) will disclose the minutes of its most recent monetary policy meeting, which took place in August, early Tuesday.
The AUD/USD is holding down near 0.7020 as bears take a respite ahead of the important RBA Minutes, particularly following the worst daily fall in a fortnight.
If the RBA is pessimistic about the economy’s inflationary future, markets believe a rate hike is more likely, which is good for the AUD.
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