Source: Sharecast
In the US, quarterly numbers are due from United Airlines, UnitedHealth and streaming giant Netflix.
As far as Netflix is concerned, AJ Bell analysts Dan Coatsworth and Danni Hewson said investors shouldn’t expect a blowout quarter.
"The three-month period had a few hits including I Will Find You, but no major ‘water cooler’ moment that got everyone talking about specific shows or films," they said. "Big talking points can bring new subscribers, so without them the focus shifts to customer retention rather than acquisition. Netflix is never short of content, but there is always competition from other platforms to consider.
"With the bid for Warner Bros Discovery firmly in the rear-view mirror, Netflix’s results will focus more on organic growth opportunities rather than mega deals. Investors will want to know about advertising income, cash flow, and how it plans to offer more short-form content.
"August will see the launch of licenced content that run for much shorter times than Netflix’s typical shows. This is Netflix’s attempt to fight off competition from YouTube and give viewers a quick content fix. The aim is to keep viewers on Netflix’s platform and not let them get sidetracked by YouTube Shorts or Instagram reels."
On the macro front, UK GDP figures for May and US retail sales data for June will be released.
TD Securities said UK GDP likely scraped out modest growth in May.
"We see this led by the services sector, which should benefit from the strong retail sales recorded during the month and the effect of mean reversion in some major components," it said. "Offsetting this, manufacturing and industrial production likely remained under pressure as the peak of the Middle East crisis weighed on activity and higher input costs dampened output."