Equities Weekly Outlook

Three major U.S. retailers report earnings this week, with Walmart, Home Depot and Target offering different views on the strength of the U.S. consumer.

Major U.S. indices enter Fed week at pivotal technical levels as weakening momentum raises the stakes for the next breakout.

After Alphabet’s jump in capex sent the share price sharply lower, the market is nervously eyeing earnings from Meta and Amazon. Apple earnings are also in focus as the share price of the most valuable company trades near its record high.

US earnings season turns towards tech.

US banks kick off Q2 earnings season. Netflix reports, with the share price trading 25% lower YTD.

Equities to watch this week: Delta Air Lines will report earnings, with higher oil prices offset by strong travel demand; PepsiCo will report Q2 earnings amid soft snack demand in the US; Levi's earnings come as the jeans maker focuses on Direct-to-Consumer channels.

Earnings this week come from Nike and Constellation Brands, while Tesla updates on deliveries.

Earnings from Micron Technologies, FedEX & Berkeley Group will dominate the coming week.

The BoE and Fed rate decisions this week will bring banks into focus, while Tesco will release its Q1 update.